Oil has long been the engine that powers the world. Countries rely on it to fuel cars, planes, factories, and economies. Its ...

Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...

U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...

Thanks to abundant supply and fairly flat demand, oil prices are forecast to fall — unless tariffs and geopolitics get in the ...

Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—rose by 110,000 barrels, according to API data, after sinking by 144 ...

The United States is one of the world’s largest oil producers, producing enough crude oil for domestic consumption and exporting millions of barrels daily. Yet it also imports roughly 8 million ...

Supply and demand imbalances can cause huge fluctuations in oil prices. We saw that in early 2022 after Russia's invasion of Ukraine, which sent crude prices soaring into the triple digits for the ...

LPG consumption increased by 7.3% to 1.04 mb/d. Crude oil imports stood steady at 4.7 mb/d in November, recording a 3% rise from the previous year. Russia remained India’s top supplier, accounting for ...

The sanctions, the biggest against Russia’s oil shipping sector since the invasion of Ukraine in February 2022, will impact India, given that Russia is its biggest source market for crude oil.

The Federal High Court in Port Harcourt has granted an order to arrest and detain the crude oil cargo on board the Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni belonging ...

In 2022, 72 per cent of its total crude oil supply was imported, according to the International Energy Agency (IEA). “I have no doubt that elevating our relationship to undreamed-of heights ...

India’s crude oil imports from Middle Eastern suppliers including Iraq and Saudi Arabia are likely to rise in the coming months as the US further tightens sanctions on Russia. On January 10 ...