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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
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
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
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…
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
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
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…
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
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
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
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
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
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
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
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
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
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
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
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…
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…