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Russia's oil and gas revenue is reportedly set to boom 50% this month
Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.
Jennifer Sor
India's petroleum products demand to increase mid-single-digit percentage in 2023-24: Fitch
India's demand for petroleum products is likely to increase by a mid-single-digit percentage in the…
ANI
Tata Technologies, Gandhar Oil, SBFC Finance get Sebi nod to float IPO
Sebi has approved three companies, Tata Technologies, Gandhar Oil Refinery, and SBFC Finance, to fl…
PTI
RBI sees price of India's crude oil imports at $85 a barrel in FY25
The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…
MRPL swings to profitability on robust refining margins
Mangalore Refinery and Petrochemicals Ltd (MRPL) on Wednesday reported return to profitability in t…
PTI
Indian Oil set to produce fuel for Formula 1 cars
Indian Oil Corporation (IOCL) will produce fuel for formula one cars, which is being produced at Od…
ANI
Core sector output growth slows to 0.1% as 4 sectors report negative growth rate
The growth rate in the production of eight key sectors slowed down to 0.1 per cent in October again…
PTI
State-owned oil stocks have more juice left in the barrel
Few stocks can claim to have juice left as markets hit staggering heights as 2023 bid goodbye. Publ…
China's need for oil has been calming down military conflicts worldwide, analyst says
"A big part of that is China standing behind the curtain and going, you know, can you please not in…
Filip De Mott
Shell just reaped an extra $1 billion from oil refining in 3 months as gas prices at the pump skyrocketed
Oil giant Shell was a major winner from the run-up in fuel prices, with refining margins almost tri…
Harry Robertson
IEA slashes oil demand outlook amid the end of the post-pandemic rebound and expanding EV adoption
The latest bout of Middle East turmoil has ratcheted up fears that oil could soon hit $100 a barrel.
Yuheng Zhan
Why oil prices already at highs could surge another 10% by summer, according to BofA
Bank of America predicts Brent and WTI peaking around $95 per barrel in summer, a roughly 10% jump …
Yuheng Zhan
'Shark Tank' investor Kevin O'Leary wants to lower gas prices by building a $14 billion oil refinery
"We haven't built a refinery in America in decades because we can't permit it," O'Leary said this w…
Jennifer Sor
Bottlenecks at oil refineries have sent US gas prices soaring to top $5 a gallon and the crisis is unlikely to end soon
The surge in gas prices is hurting American drivers — and President Joe Biden. But analysts s…
Harry Robertson
India is buying the most US oil in almost a year as sanctions on Russian energy bite
Indian refiners see more WTI Midland crude oil being used in the country in coming months, sources …
Yuheng Zhan
Russian oil exports to Italy have more than quadrupled due to unintended consequences of Western sanctions
Russia has exported about 450,000 barrels per day of crude to Italy this month, the most since 2013.
Brian Evans
Trump sought $1 billion from oil execs for his 2024 campaign in a deal worth $110 billion to energy giants, reports say
Trump is alleged to have sought $1 billion from oil execs for his 2024 campaign in a deal worth $11…
Rebecca Rommen
US gas prices will surge even higher thanks to shrinking stockpiles and refinery bottlenecks, Rystad Energy says
Wholesale gas prices fell this week, but the drop is only temporary, Rystad said. It expects supply…
Harry Robertson
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
US oil suppliers are getting a boost from Russian sanctions as India looks to buy more from them
India imported an estimated 7.6 million of US barrels in March, a significant increase from the 3 m…