Thailand Turns to Russian Crude as Diesel Prices Set to Rise

Thailand is seeking to increase imports of Russian crude oil as domestic diesel prices are expected to climb, underscoring the growing strain on global energy markets amid ongoing geopolitical tensions. The move reflects a broader shift among energy-importing nations scrambling to secure stable and affordable fuel supplies as disruptions ripple across global oil trade routes. […]

IEA Proposes Record Release of Strategic Oil Stocks to Stabilize Global Markets

The International Energy Agency (IEA) has proposed the largest coordinated release of emergency oil reserves in history, as governments scramble to stabilize global energy markets amid escalating conflict in the Middle East and severe disruptions to oil shipping routes. The Paris-based energy watchdog announced that its 32 member countries have agreed to make around 400 […]