Oil
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Economy
US Gasoline and Diesel Prices Rise Amid Global Energy Supply Disruptions
DID Press: Gasoline and diesel prices in the United States have come under renewed upward pressure as disruptions to global oil supplies, damage to energy infrastructure in the Middle East, and the continuing Russia-Ukraine war raise concerns over fuel availability…
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Economy
Fuel Price Hikes Trigger Protests Across Syria
DID Press: Protests erupted in several Syrian cities, including Hama and Khan Shaykhun, on Monday following a temporary increase in fuel prices. Demonstrators blocked several major roads and burned tires in response to a 40% increase in diesel prices and…
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Economy
Moscow: Asia Resisted Western Pressure to Restrict Russian Energy Purchases
DID Press: Maria Zakharova, spokesperson for Russia’s Foreign Ministry, says Asian countries resisted pressure from Western states to limit purchases of Russian energy and pursued their energy policies based on their national interests and historical experience. Speaking on the sidelines…
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Afghanistan
Afghanistan Signs $13.8M in Contracts to Expand Amu Darya Oil Operations
DID Press: Afghanistan’s Taliban-run Ministry of Mines and Petroleum has signed two contracts worth a combined $13.8 million with TNG Tatarstan, a company based in Russia’s Tatarstan region, for monitoring and consultancy services in the Amu Darya oil basin and…
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Afghanistan
Saudi Company Signs Oil and Gas Deal with Taliban; Khalilzad Attends Ceremony
DID Press: Taliban administration has signed a contract with Saudi company Delta International for the exploration and extraction of oil and gas in the Kashk–Tirpul basin in western Afghanistan. The agreement also covers the use of natural gas in Herat…
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Economy
Lloyd’s of London Faces £1.4B in Persian Gulf Losses From US-Iran Conflict
DID Press: Lloyd’s of London has estimated that insurance losses linked to the US-Iran conflict in the Gulf region could reach around £1.4 billion, with much of the damage stemming from attacks on land-based infrastructure rather than maritime losses. According…
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Economy
Hormuz Shipping Traffic Falls to Lowest Level Since May
DID Press: Commercial shipping through the Strait of Hormuz has fallen to its lowest level since May, with an average of just 10 commodity vessels a day passing through the strategic waterway over the past 10 days, according to shipping…
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Economy
US Diesel Prices Hit Record $5.85 per Gallon
DID Press: The average price of diesel in the United States reached a record $5.85 per gallon on Friday, surpassing the previous high recorded in June 2022, according to AAA data. Diesel is a major fuel source for freight transportation,…
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Economy
Trump’s Oil Deal Accused of Looting Venezuela’s National Wealth
DID Press: US President Donald Trump has announced a sweeping oil agreement with Venezuela that he described as the “biggest oil deal in world history,” saying it would give the United States majority control over more than 65 billion barrels…
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Afghanistan
Turkmenistan Sells $1.44M of Low-Sulfur Diesel to Afghanistan, UAE
DID Press: Turkmenistan has signed two contracts worth a combined $1.44 million to sell low-sulfur diesel to buyers from Afghanistan and the United Arab Emirates, according to Turkmen media. The contracts were recently concluded at the foreign market of Turkmenistan’s…
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