The world’s top crude importer, China, plans to further boost its undisclosed strategic oil reserves and expand storage capacity under its newly-unveiled five-year development plan. China will build more projects to expand its oil reserves, according to the authorities, who did not provide figures or details about the expected jump in crude reserve buildups and...Continue Reading
Japanese Refiners Urge Government to Release Strategic Oil Reserves | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Mar 05, 2026, 9:30 AM CST Japan’s oil refiners, which source about 95%...Continue Reading
Senate Rejects Curbs on Trump’s War Powers | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Mar 05, 2026, 8:52 AM CST US and Israeli forces are...Continue Reading
Oil Tanker Hit By Blast Near Kuwait, Major Leak Reported | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2026, 8:12 AM CST An oil tanker anchored off Kuwait reported late on Wednesday a large explosion and a subsequent leak from a cargo tank,...Continue Reading
LNG Shipping Rates Soar 650% to $300,000 Per Day | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2026, 7:10 AM CST The global LNG shipping market has turned sharply higher in recent days, with charter rates for modern LNG carriers surging from roughly...Continue Reading
Asia’s Refining Margins Soar to 4-Year High as Hormuz Chokes Crude Supply | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Mar 05, 2026, 6:17 AM CST Disrupted crude flows from...Continue Reading
Dozens of Asia-Flagged Oil Tankers Stranded near Strait of Hormuz | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Mar 05, 2026, 5:29 AM CST Dozens of Indian and South Korean...Continue Reading
Asian LNG Prices Fall on U.S. Plan to Secure Hormuz Strait | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Mar 05, 2026, 4:38 AM CST Asia’s spot LNG prices fell...Continue Reading
Two Russian Urals Tankers Divert 14 Million Barrels to Indian Ports | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Related News By Tsvetana Paraskova – Mar 05, 2026, 2:46 AM CST Two tankers carrying Russian crude...Continue Reading
Exxon Ships U.S. Gasoline to Australia | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Mar 05, 2026, 1:28 AM CST Exxon has scheduled its first-ever gasoline shipment from the U.S. Gulf Coast to Australia amid a global fuel export crunch because of the war in...Continue Reading
