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INDIAN REFINERS MIDDLE EASTERN OIL
From Venezuela to Texas to Jamnagar: Marco Rubio’s dash for energyUS Secretary of State Marco Rubio is encouraging Reliance Industries to process more Venezuelan crude. His visit includes discussions with ...- Rubio calls India a refining superpower, says US to discuss Venezuela oil with RelianceDuring his visit to India, Marco Rubio emphasized the country's refining capabilities for heavy crude oil. He noted that Indian companies h...
- Indian Oil to trim Middle East oil imports under annual deals amid Iran warIndian Oil Corporation plans to reduce its crude oil imports from Middle Eastern sources in the next fiscal year due to the ongoing war in ...
- Oil rises on Middle East supply worriesOil prices are climbing amid increasing supply worries in the Middle East. Ongoing attacks on maritime vessels beyond the Strait of Hormuz ...
- Rubio says US to discuss Venezuelan oil production with Ambani's Reliance IndustriesUS Secretary of State Marco Rubio is currently in Mumbai to discuss cooperation with India in various sectors. Topics will include trade, e...
- Oil Price Today (October 20): Crude oil nears $110 again as fresh attacks outweigh easing Russian sanctions. What are experts saying?Brent crude futures gained 21 cents, or 0.20, to $109.76 a barrel, while US West Texas Intermediate (WTI) crude futures for November delive...
- Oil Price Today (October 19): Crude oil dips 2% to $108 after hitting its highest levels since May. Here’s whyBrent crude futures dropped $1.80, or 1.64%, to $108.06 a barrel after settling at their highest level since May 19 on Friday. US West Texa...
- International Oil prices to jump 'super spike', claims energy research analyst, predicts global oil ratesInternational Oil prices: The recovery in Middle Eastern oil exports, higher production outside the Persian Gulf and dwindling demand had n...
- Oil prices may ease to $80 per barrel in 2027 as Middle East supply recovers: Goldman SachsGoldman Sachs expects Brent crude prices to ease to $80 per barrel in 2027 as Middle Eastern supplies recover and the global oil market mov...
- US considers removing sanctions on some shadow fleet vessels to cut freight rates, official saysDiscussions are ongoing regarding potential sanctions relief on shadow fleet vessels transporting legal oil and products. Companies would n...
- Record oil tanker rates put pressure on Asian refiners, IEA saysAsian oil refiners are facing increased shipping costs that are significantly affecting their profit margins. The cost of transporting oil ...
- Global Market: Goldman Sachs raises December Brent oil price forecast to $90 on supply risksGoldman Sachs has raised its December 2026 Brent crude price forecast to $90 per barrel, citing supply risks in the Middle East. While 2027...
- Oil Price Today (October 12): Crude oil dips to $103 despite simmering Iran war tensions. Here’s whyBrent crude futures declined $1.42, or 1.36%, to $103.35 a barrel, while US West Texas Intermediate crude fell $1.42, or 1.60%, to $90.42 a...
- Trump’s diesel deal with Putin may be lots of barrels but little bangDonald Trump announced a deal with Vladimir Putin to supply additional Russian diesel amid global fuel shortages. The agreement outlines th...
- Saudi, UAE join Japan-led push to bolster Asian oil buffersSaudi Arabia and the United Arab Emirates are joining Japan's efforts to strengthen oil supply security in Southeast Asia. This collaborati...
- India shuns costly Russian oil as Middle East flows recoverIndian refiners have decreased their purchases of Russian crude oil for November delivery as prices rise. Competition from China is further...
- India’s diesel exports hit 1-year high in September as record margins drive Europe shipmentsIndia’s diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- India may be best placed to fill a China-sized hole in fuel exportsIndia could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude im...
- India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risksIndia’s crude oil imports rose to a 2026-high of 5.26 million barrels per day in September as Gulf supplies surged, with Iraq becoming the ...
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