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United Kingdom

UK Adjusts Sanctions on Russian Oil Derivatives Amid Global Fuel Price Surge.

May 20, 2026 at 11:26 AM

To combat soaring energy costs driven by the closure of the Strait of Hormuz, the UK government has introduced a license allowing the import of jet fuel and diesel refined from Russian crude in third countries.

10 sources

UK Adjusts Sanctions on Russian Oil Derivatives Amid Global Fuel Price Surge

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Economy

Image Source : fxleaders.com

Global Oil Price Volatility: Why Geopolitical Tensions and Market Dynamics Hit Consumers Hard.

May 13, 2026 at 12:40 AM

10 sources

Business

Image Source : businessinsider.com

Surging Oil Prices Skyrocket Airline Fuel Costs, Threatening Passenger Ticket Prices.

May 12, 2026 at 9:34 PM

7 sources

Economy

Image Source : bbc.com

Global Oil Markets Tense as US-Iran Ceasefire Negotiations Falter.

May 12, 2026 at 6:29 AM

8 sources

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility

Image Source : fortune.com

United States•

May 12, 2026 at 6:02 AM

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility.

In coordination with the IEA, the US Department of Energy is releasing 53.3 million barrels of oil from its Strategic Petroleum Reserve to alleviate supply shortages caused by the blockade of the Strait of Hormuz.

9 sources

Economy

China's Private Refiners Request Production Cuts Amid Economic Pressure.

May 11, 2026 at 6:30 AM

Private oil refiners in China are seeking government permission to lower processing rates due to rising input costs and tighter profit margins caused by geopolitical tensions in the Persian Gulf.

18 sources

Local News

SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.

China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.

May 4, 2026 at 12:18 AM

4 sources

Geopolitics

Image Source : rferl.org

Beijing Counter-Directive Instructs Firms to Defy US Sanctions on Oil Refiners.

May 2, 2026 at 2:07 PM

18 sources

Energy

Image Source : klse.i3investor.com

China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

April 28, 2026 at 4:00 AM

7 sources

US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases

Image Source : aljazeera.com

International News•

April 25, 2026 at 7:25 AM

US Imposes Sanctions on Chinese Oil Giant Over Iranian Crude Purchases.

The US Treasury has sanctioned Hengli Petrochemical, one of China's largest independent refineries, for its role in generating significant revenue for the Iranian military through oil purchases.

17 sources

Local News

Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts.

April 18, 2026 at 11:14 AM

The Petroleum Dealers’ Association has appealed to President Anura Kumara Dissanayake to address financial hardships caused by a new, tiered fuel commission structure that replaced the previous percentage-based model.

9 sources

Sri Lankan Fuel Dealers Urge Presidential Intervention Over Commission Cuts

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Technology

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Smart Strategies to Combat Soaring Fuel Expenses.

April 18, 2026 at 9:24 AM

6 sources

Economy

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

April 17, 2026 at 9:45 AM

10 sources

Technology

Image Source : theguardian.com

Europe Faces Potential Flight Groundings as Middle East Conflict Triggers Severe Jet Fuel Shortage.

April 16, 2026 at 4:05 PM

10 sources

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts

Image Source : list.lk

Local News•

April 16, 2026 at 10:35 AM

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts.

Sri Lanka is set to receive a major shipment of 97,500 metric tonnes of crude oil as the CPC stabilizes fuel supply chains despite global geopolitical tensions.

9 sources

Economy

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.

April 16, 2026 at 4:54 AM

HSBC CEO Georges Elhedery reveals that global energy market disruptions have forced nations like Sri Lanka to pay as much as $286 per barrel for oil, far exceeding international benchmark prices.

12 sources

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs

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Economy

Image Source : npr.org

Deciphering the Oil Market Divide: Physical Realities Versus Futures Speculation.

April 13, 2026 at 8:24 AM

5 sources

Russia

Image Source : aol.com

Russian Energy Infrastructure Faces Heightened Pressure Amid Escalating Regional Conflict.

April 8, 2026 at 6:07 PM

13 sources

Energy

Image Source : theguardian.com

Why Immediate Relief at the Gas Pump Remains Unlikely Despite US-Iran Ceasefire.

April 8, 2026 at 1:13 PM

8 sources

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May

Image Source : athavannews.com

Local News•

April 7, 2026 at 4:06 PM

Sri Lanka Secures Energy Supplies: US Crude Oil Shipment Expected in May.

Sri Lanka is bracing for improved fuel supplies as officials confirm an incoming US crude oil shipment in May, complementing nine other fuel deliveries scheduled for April.

2 sources