Tag: Strait of Hormuz oil supply risk

Bahrain’s BAPCO Refinery Hit in Iran Strike; Operations Disrupted Amid Escalating Gulf Conflict

Bahrain’s state-owned energy company Bapco Energies has declared force majeure after a strike linked to Iran damaged its main refinery complex on Sitra Island. The incident comes as tensions across … Read More

US Allows Temporary 30-Day Waiver for India to Purchase Russian Oil; IOC, BPCL and Other Refiners in Spotlight

The United States has issued a short-term waiver permitting Indian refiners to buy certain shipments of crude oil from Russia that are currently stranded at sea. The decision comes as … Read More