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AMERICAN OIL REFINING
The world's oil piggy bank is being smashed open. What can go wrong?Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of str...- Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
- Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...
- America’s favorite summer outfit - the 'Seersucker Suit' actually originated from IndiaSeersucker fabric, now a summer fashion favorite in Western countries, began in colonial India. Originally named 'Sheer O Shakkar', it was ...
- In 1859, Robert Chesebrough saw oil workers scraping sticky rod wax from drilling rigs, and it wasn’t just waste: It became VaselineA chemist named Robert Chesebrough discovered petroleum jelly in the 1800s. He saw value in a sticky wax that oil workers discarded. Cheseb...
- Gas prices today May 26: Check daily average rates in California, Texas, Florida, New York, Washington, Hawaii, Oklahoma and moreUS national average gasoline prices hover near multi-year seasonal highs at $4.491 per gallon, slightly down from the previous week. Memori...
- Oil cos keep bleeding, on slippery slope with Rs 600-cr loss per day despite multiple petrol, diesel price hikesPetrol, diesel price hike: Despite the latest round of increases, officials acknowledged that current retail prices are still insufficient ...
- Quote of the day by John D Rockefeller: 'If you want to succeed you should strike out on new paths, rather than...' Life lessons on success, hard work and human nature by American industrialist and philanthropistQuote of the day by John D Rockefeller talks about taking new paths to achieve success instead of following accepted methods. The quote exp...
- In 1945, an engineer trying to improve wartime gun sights accidentally helped create the plastic that led to TupperwareIn a stroke of ingenuity, Earl Tupper turned leftover industrial materials into iconic food storage containers. His genius lay in creating ...
- Venezuela third largest supplier of crude to India in MayIndia's crude oil imports see a significant shift this May. Venezuela has become the third-largest supplier, surpassing Saudi Arabia and th...
- Oil Price Today (May 21): Crude oil rises slightly after two days of fall as Iran-US issue fresh threats. What lies ahead?Oil prices saw marginal gains as fresh threats between Iran and the US heightened concerns over the Strait of Hormuz closure. While Iran ex...
- Stock market rebounds: Sensex recovers 790 points from day’s low, Nifty closes above 23,650Indian stock markets staged a strong recovery, erasing morning losses. The Sensex and Nifty closed higher as oil prices dropped below $110 ...
- India buying Russian oil irrespective of US sanctions waivers, Indian official saysIndia has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decis...
- India's cooking fuel shortage is driving up California's gas pricesIndia's cooking gas shortage, driven by the Strait of Hormuz closure, forces refiners to cut alkylate production. This directly impacts Cal...
- No, the Iran war won’t ground your European holiday flightA commentary on the US-Iran conflict says European summer flights are unlikely to face major disruptions for now, despite earlier fears ove...
- Agricultural trade, jet deals, Taiwan tensions: What are the big takeaways as Trump jets out of Beijing after Xi talks?President Donald Trump concluded a visit to Beijing with trade deals. China will buy billions in US soybeans and 200 Boeing aircraft. Discu...
- Trump-Xi meeting crucial for global economic stability: Shaun ReinA high-stakes meeting between US President Trump and Chinese President Xi Jinping is closely watched for signs of stability amid escalating...
- South Korea says 'unidentified aircraft' hit cargo ship in Hormuz on MondayA South Korean cargo ship hit in the Strait of Hormuz six days ago was struck by unidentified aircraft, the foreign ministry in Seoul said ...
- US-Iran war: Washington fires on Iranian oil tanker as Trump pressures Tehran for deal to end warIran war news: America fired on an Iranian oil tanker in the Gulf of Oman. President Trump is pressuring Tehran for a deal to end the war. ...
- Venezuela's oil exports jump to highest since 2018, with more sales to US, IndiaVenezuela’s oil exports rose 14% to 1.23 million barrels per day in April, the highest in over seven years, driven by increased sales to th...
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