Supreme Leader Mojtaba Khamenei said in a written message to Iranians that Tehran would eliminate "the enemies' abuses of the waterway" und...

The Iran crisis highlights the complex reality of oil pricing, differentiating between physical and financial markets. While financial mark...

The United States military will blockade ships leaving Iran's ports starting Monday. Iran has threatened retaliation against Gulf neighbors...

The halting of oil exports through the Strait of Hormuz has left the Dubai Middle East benchmark, the price used to value nearly a fifth of...

Asian oil refiners are seeking alternatives to Middle East crude benchmarks due to war-driven price volatility that has detached from physi...

Japan's government is taking steps to control rising gasoline prices. The industry ministry has requested oil wholesalers to use Brent crud...

Under the pending deal, Rosneft would deliver the equivalent of 6 to 7 cargoes of about 700,000 to 720,000 barrels each per month through M...

Russia's top oil producer, Rosneft, and India's leading refiner, Indian Oil Corp (IOC), have abandoned the Brent benchmark in favour of usi...

The monthly averages for February for Dubai and Oman as quoted by Platts are indicated in the table. Middle East producers set their monthl...

Saudi crude OSPs are usually released around the fifth of each month, and set the trend for Iranian, Kuwaiti and Iraqi prices, affecting mo...

Dubai's benchmark index was down almost 9 per cent, Abu Dhabi index was down 7 per cent.

Crudes usually yield more ship-powering dirty fuel oil, returns for which are tumbling.

US sanctions on Venezuela suddenly halted its crude exports to the United States last month.

The DICO futures will be cash settled, trading from Monday to Friday during the usual Exchange trading hours (7:00am - 11:55pm).

Middle East markets are likely to remain weak as a bleak long-term outlook for oil prices and a downbeat opening on Asian bourses offer lit...

A look at the concept of crude benchmarks and their relevance for deciding the price of fuels in India.

Goldman Sachs Group Inc, Morgan Stanley and four energy companies are taking minority stakes in Dubai Mercantile Exchange Ltd.