COGNICURRENT

Concerns rise over a potential closure of the Strait of Hormuz amid U.S. and Israeli attacks on Iran, which could severely impact global oil prices and Japan's economy, dependent on Middle Eastern crude.

The U.S. and Israel have launched significant attacks on Iran, escalating tensions that could have serious implications for India, particularly regarding crude oil imports.

A former royal bodyguard disclosed unflattering sentiments among staff regarding Prince Andrew, including a crude nickname reflecting his entitled behavior.

Nigeria accounted for 52% of Africa's crude oil exports to the United States in 2025, according to US Census Bureau data.

The U.S. government is advancing legal action to seize a tanker and its cargo of Venezuelan crude oil linked to the Iranian Revolutionary Guard.

The US is seeking the seizure of the Motor Tanker Skipper and approximately 1.8 million barrels of crude oil linked to Venezuela's state company PDVSA due to alleged illegal activities.

The East African Crude Oil Pipeline (EACOP) has officially handed over the newly constructed Nyamasoga-Katooke Road to improve local infrastructure in Uganda.

Oil prices have risen significantly ahead of the weekend, reaching their highest level since last June amid market nervousness about geopolitical tensions involving Iran.

The Druzhba pipeline exported Ukrainian oil alongside significantly larger quantities of Russian crude oil prior to suffering damage from a Russian attack that interrupted supplies.

The oil market is experiencing significant disruptions due to geopolitical tensions and sanctions, leading to a major backlog of crude oil storage on ships.

In January, Mexico's crude oil exports fell to 294.4 thousand barrels per day, a significant decline of 44.6% compared to the previous year.

Hungarian oil and gas company MOL Group has accused JANAF of violating EU regulations by refusing to transport Russian crude oil not covered by sanctions, leading to a governmental response from Croatian Economy Minister Ante Šušnjar.

A sudden crack in the ground has led to the emergence of crude oil in the region, raising concerns among local residents.

The costs of chartering large oil tankers to transport crude oil from the Middle East to Asia have surged above $200,000 for the first time since 2020 due to escalating risks in the region.

Iran's oil exports are surging ahead of the third round of nuclear talks with the U.S., reaching historic levels of oil 'on water' as the country aims to expedite shipments before potential new sanctions.

UK motorists have been advised to refuel their vehicles now due to rising petrol prices that may reach £2 per litre.

Crude oil has begun to seep from a farmer's field in the Kujkheda village of Rajasthan, causing panic among the local community.

In Barmer, Rajasthan, crude oil has begun erupting from a farmer's field, causing widespread concern among locals and prompting investigations.

The U.S. government has authorized the provision of crude oil to Cuba for the private sector, while Secretary of State Marco Rubio seeks regional support for U.S. policies in the Caribbean.

Croatia is assessing the legality of importing Russian crude oil via sea to supply Hungary and Slovakia after damage to the Druzhba pipeline disrupted their supply.

Venezuela is sending a significant oil shipment of 2 million barrels to India, indicating a major change in trade flow following the Caracas-Washington supply deal.

Transneft, Russia's state-owned oil pipeline operator, has reduced crude intake by 250,000 barrels per day following a Ukrainian drone strike on a key oil pumping station.

The UK has launched its largest sanctions package against Russia since the 2022 invasion, focusing on oil operator Transneft and various companies involved in trading Russian crude.

In January 2026, Russia set a record of 12.7 million tons of crude oil exported via Baltic Sea ports, surpassing the previous record of 11.8 million tons from October 2025, despite sanctions affecting energy export revenues.

Brent crude oil has hit a 7-month high amid rising geopolitical tensions and significant market hedging activity.

A Chinese company is supplying gasoline to Cuba at prices much higher than those in Mexico, despite U.S. sanctions.

The Hungarian government plans to release 1.8 million barrels of crude oil from strategic reserves due to disruptions in oil flow caused by drone attacks.

The price of Brent crude oil has risen to nearly $72 per barrel, reflecting an increase of over 6% in just two days, largely due to escalating tensions regarding a potential military action by the USA against Iran.

Pantheon Tanker is expanding its fleet by ordering additional Very Large Crude Carriers (VLCCs) with a focus on efficiency and greener technology.

Pantheon Tanker, part of Anna Angelicoussis' group, is rapidly expanding its shipbuilding program by ordering new Very Large Crude Carriers (VLCCs) from Chinese firms.

Hungary and Slovakia have suspended diesel shipments to Ukraine, blaming the Ukrainian government for interrupting Russian crude oil supplies.

Russia has rejected the claim made by the U.S. that India has agreed to halt its purchase of Russian crude oil.

The father of Swedish Olympic champion Maja Dahlqvist sparked attention by making a crude joke during an interview after her team's victory in the women's relay.

Japan announces the first projects under its $550 billion investment commitment to the U.S. as part of a recent tariff agreement, emphasizing artificial diamonds, crude oil export infrastructure, and gas-fired power plants.

Brent oil prices fell as investors assessed supply disruption risks following Iranian naval maneuvers near the Strait of Hormuz ahead of nuclear talks with the US.

Actress Vaishnavi Macdonald, known for her role in 'Shaktimaan', shared her experience of facing casting couch demands in the film industry which led her to refuse acting in films.

Hungarian Prime Minister Viktor Orbán has confirmed that Hungary will continue to buy Russian crude oil, despite signing a nuclear cooperation agreement with the US.

Russia's crude oil exports, previously stable despite Western sanctions, are now declining due to intensified sanctions and a European Union ban on fuel derived from Russian oil.

Capital Ship Management Corp. has successfully taken delivery of the newly built VLCC "Aristotelis II," a modern crude oil tanker designed to exceed international environmental standards.

China's crude oil imports from Russia are set to reach a record high for the third consecutive month in February, driven by significant purchases from independent refineries at discounted prices.

Russian oil exports to China reached a record high in February, continuing an upward trend as independent refineries in China took advantage of significant discounts on crude supplies after India reduced its purchases.

The US Department of Defense announced the interception of an oil tanker in the Indian Ocean allegedly violating sanctions related to Venezuelan crude operations.

Valero Energy, an American company, plans to buy 6.5 million barrels of Venezuelan crude oil in March 2024, becoming the largest foreign oil refiner in Venezuela since the arrest of President Nicolas Maduro.

Newly released documents from the US Justice Department link various prominent figures in the entertainment industry to Jeffrey Epstein.

Ecuador and the United Arab Emirates strengthen a petroleum alliance with a new memorandum of understanding for direct oil purchases.

Capital Maritime & Trading has announced a significant investment in 11 new Very Large Crude Carriers (VLCCs), totaling approximately 1.4 billion euros amid strong market conditions.

Capital Maritime & Trading has placed an order for 11 new Very Large Crude Carriers (VLCCs) worth approximately $1.4 billion amid high freight rates and market activity.

Ecuador's Petroamazonas has awarded the export of 14.4 million barrels of crude oil to four international firms, generating an estimated $644.8 million in revenue for the state.

Egypt has announced significant new oil and gas discoveries in the Western Desert, adding 34 million cubic feet of gas and 5,200 barrels of crude oil production daily.

Russia plans to send shipments of crude oil and fuel to Cuba in response to a fuel crisis caused by U.S. sanctions.