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Representative image of the United States Strategic Petroleum Reserve and oil infrastructure as the Trump administration authorises a 172 million barrel SPR drawdown while 32 International Energy Agency nations coordinate the largest emergency oil release in history to stabilise global crude markets.

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Representative image showing an oil tanker under attack in the Strait of Hormuz as tensions involving Iran’s Islamic Revolutionary Guard Corps raise fears of a major supply disruption that analysts warn could push global oil prices toward $200 per barrel.

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Urgent response needed: Philippine Coast Guard battles massive oil spill in Manila Bay

The Philippine Coast Guard has launched an urgent response to what could become one of the country’s most…

byPallavi Madhiraju

July 27, 2024

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