The US is currently the fifth largest oil supplier to India, even as Russia has emerged as top import destination for oil.

Oil retreated as hotter US inflation caused a spike in the dollar and the market continued to brace for more trade moves from ...

Russia's Volgograd oil refinery, which had halted operations following a Ukrainian drone attack on February 3, has partially resumed processing.

According to the STEO, the EIA sees the Brent spot price averaging $74.50 per barrel this year and $66.46 per barrel next ...

China, India, other Asian countries, as well as Latin American and Middle Eastern states, are expected to be the main drivers of oil demand growth ...

Some are existing outfits that have not been impacted by the punitive measures, while others are newly created, replacing ...

Russia’s oil production totaled 9.01 mbd in November 2024, and 9.004 mbd in December, according to OPEC. Output averaged 9.250 mbd in Q2 2024, 9.058 mbd in Q3, and 9.015 mbd in Q4.

Indian refiners are reconfiguring their supply chains, including changing trading partners and insurers, to continue ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

Russia has claimed 100% compliance with its oil production quota under the OPEC+ agreement in January and February.

A major agenda on the Modi-Trump summit is the India-Middle East-Europe Economic Corridor (IMEC). The multi-national ...

A suezmax tanker has arrived in India with a cargo of oil reported to be owned by a sanctioned Russian producer. The next ...