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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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3 mins read

India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA

India, the world's third biggest oil importer and consumer, will in the second half of the decade b…

PTI   


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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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2 mins read

Satellite images show the difficult mission to save a stricken oil tanker in the Red Sea

The Houthis attacked the MV Sounion multiple times in August, leaving the oil tanker stranded in th…

Jake Epstein   


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Exxon says oil and gas will still be the dominant sources of energy by 2050

Exxon says oil and gas use will remain high until the middle of this century, as the world populati…

Kelly Cloonan   


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2 mins read

Telangana: Drugs worth ₹14 crore seized, two arrested in operation by police

Telangana police, on Monday, busted an interstate drugs racket and arrested two men involved in the…

ANI   


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1 min read

Oil prices stabilise as Red Sea transport disruptions ease

Oil prices steadied after falling sharply in the previous session, as concerns eased about shipping…

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3 mins read

Capitalising on India's energy revolution: A guide for smart investors

Early investment in transformative trends often yields the highest returns, as seen with the rise o…

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2 mins read

Houthi operatives placed explosives on a tanker and detonated them, risking a catastrophic oil spill in the Red Sea

The Houthis attacked the Greek-flagged MV Sounion multiple times last week and have threatened to c…

Jake Epstein   


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2 mins read

Houthis claim video shows one of its sea drones striking an oil tanker in the Red Sea

Yemen's Houthi rebel group shared a video of what it claimed was a sea drone striking an oil tanker…

Thibault Spirlet   


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2 mins read

China is freaking out over an 'open secret' that its cooking oil was ferried for years in chemical tanks that weren't cleaned

China is up in arms after state media discovered trucks interchangeably delivered soy oil and chemi…

Matthew Loh   


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2 mins read

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…

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1 min read

Indian refineries are completely refusing oil from a key Russian shipping giant

Indian refineries are rejecting oil cargo carried by Sovcomflot, a Russian tanker firm that's been …

Filip De Mott   


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4 mins read

India Inc might see margin squeeze with a crude shock at hand

Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…

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1 min read

Kia recalls 4,358 units of Seltos to replace electronic oil pump controller

The recall has been prompted by a potential error in the electronic oil pump controller, which …

PTI   


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The rate of oil demand growth has peaked 'for good,' Bank of America says

Analysts say global oil demand should slow down over the next six years after its breakneck recover…

Phil Rosen   


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The world is 'far off' from peak oil amid strong demand, OPEC chief says

Robust demand from countries like India, which is showing "phenomenal economic growth," mean peak o…

Aruni Soni   


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2 mins read

Ukraine targets more Russian oil refineries a day after reports said the US had warned them not to

Ukraine targeted two Russian oil refineries on Friday night, despite US warnings, as Russia's oil p…

Rebecca Rommen   


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Oil's resilience: Defying decline amidst electric vehicle surge, global demand hits record highs

According to a report by Morgan Stanley, the dichotomy between the rise in electric vehicle purchas…

ANI   


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A fleet of aging tankers is transporting sanctioned oil around the globe — and it's becoming an insurance nightmare because nobody knows who owns them

Pablo, a Gabon-flagged tanker carrying Iranian oil caught fire near Malaysia last week. Authorities…

Huileng Tan