India faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...

Indian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...

Benchmark Brent fell to around $72 a barrel Thursday, down from an average of $99 in first week of June and $109 during the three months ti...

China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...

India's economic growth is projected to slow to 6.6% in 2026-27 due to energy pressures, a weaker monsoon, and global slowdown, S&P Global ...

Indian stock markets witnessed a significant surge today, with Sensex and Nifty climbing up to 1%. This positive momentum was fueled by the...

A U.S.-Iran peace deal has lowered oil prices, promising billions in fuel savings for airlines. However, passengers may not see immediate f...

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...

Three cargo ships are now transiting the Strait of Hormuz, signaling a significant shift after the US ended its blockade of Iranian ports a...

A potential super El Niño is expected to disrupt global weather patterns and threaten agricultural output in the coming months, but large e...

Global leaders at the G7 summit have united in their support for Ukraine, vowing new sanctions against Russia. President Trump indicated a ...

Global leaders at the G7 summit in France have united to support Ukraine with fresh sanctions against Russia. President Trump declared 'I'm...

Japan's exports saw a significant rise in May, fueled by a weaker yen and robust demand for semiconductors. This growth outpaced expectatio...

India may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims...

Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening o...

China has emerged as the world's first oil "swing importer," significantly reducing its imports by a third to an eight-year low. This move,...

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...