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1 min read

The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries

US crude production notched a new monthly record in August. That's not necessarily welcome news to …

Filip De Mott   


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2 mins read

Duty hike on crude, refined oils to hugely benefit farmers: Official

The government official also said that the decision to remove minimum export price and slashing of …

PTI   


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Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL

India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…

ANI   


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Global energy outlook will shift once Trump returns to White House: Report

Trump's win in the US presidential election may shift the global energy outlook in response to anti…

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2 mins read

India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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Russia's oil revenue plummeted 29% in October amid volatile global crude prices

One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% …

Jennifer Sor   


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4 mins read

Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…

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1 min read

Oil prices plunge most in 2 years after Israel's strike on Iran spares production facilities

Iran produced about 4 million barrels of oil per day in 2023. A strike on its crude production faci…

Matthew Fox   


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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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1 min read

Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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2 mins read

Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The European Commission's president said the European Union could boost US liquified natural gas pu…

Huileng Tan   


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2 mins read

Oil disruption fears in the Middle East are getting real after reports of an Israel strike on Iran

Markets have been on edge since over fears of a widening of the conflict in the Middle East — a maj…

Huileng Tan   


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2 mins read

Oil prices could surge 161% if Middle East conflict wipes out Iran's energy infrastructure, commodity chief says

If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's B…

Filip De Mott   


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1 min read

Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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Oil prices surge as US rushes forces to the Middle East ahead of a possible attack by Iran

Oil prices are surging as Israel prepares for an attack from Iran after killing a Hamas leader in T…

Kelly Cloonan   


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3 mins read

Iran is threatening to break its fragile truce with Saudi Arabia: reports

The fragile truce between rivals Iran and Saudi Arabia could unravel if Gulf states allow Israel to…

Tom Porter   


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3 mins read

India's oil import bill could swell to $101-104 billion in FY25: ICRA

As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…

PTI   


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3 mins read

Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.

ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…

Catherine Boudreau,Jacob Zink…   


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3 mins read

Nifty, Sensex in freefall today as Iran mounts attack on Israel. Here's what experts think you should do

The war could throw a huge spanner on India's crude oil import plans. As of August 2024, about 44.6…