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Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...- CCI clears Mercuria-Tata International JV, approves Indovida-EPL mergerThe Competition Commission of India has approved a new joint venture. Mercuria Energy Netherlands BV and Tata International Singapore are f...
- A tiny oil lifeline reopens through tense Hormuz after months of chokeholdMore oil tankers are navigating the Strait of Hormuz. This offers some relief to the global oil market. Several ships carrying crude oil ha...
- Commodity traders now cozy up to TrumpDonald Trump's administration is actively engaging in commodity dealmaking, a significant shift for historically apolitical traders. Proxim...
- US lends oil companies 45.2 mln barrels from reserve, first batch of Iran warAmerica is releasing oil from its Strategic Petroleum Reserve to manage rising prices. The government has lent over 45 million barrels to o...
- Indian Oil buys six million barrels crude from West Africa & Mideast, traders sayIndian Oil Corporation has secured six million barrels of crude oil from West Africa and the Middle East. This move signals India's departu...
- Tata International ties up with Mercuria with majority stake in JVTata International has finalized a joint venture with Mercuria, where the Swiss firm will acquire a 51% stake, granting them greater influe...
- India boosts US oil purchases on competitive prices, narrows trade deficitIndian refiners are increasing U.S. crude oil purchases this month due to competitive prices, potentially reducing the trade deficit amid U...
- Indian Oil Corp buys 2 million barrels of US WTI crude for October: reportIndian Oil Corp (IOC) has purchased two million barrels of U.S. West Texas Intermediate crude for October delivery from Mercuria. The purch...
- Vietnam makes first US oil purchase in 2025, sources sayBinh Son Refining and Petrochemical, Vietnam, will buy one million barrels of U.S. crude for November. This marks Vietnam's first U.S. oil ...
- India's BPCL buys first Argentinian crude oil cargo for Feb deliveryIndia's Bharat Petroleum Corp Ltd (BPCL) has purchased its first crude oil cargo from Argentina, acquiring 1 million barrels of Medanito cr...
- World's biggest energy trading firms are returning to metalsThe shift comes as forecasters turn increasingly bullish on copper, aluminum and other metals, where long-anticipated production shortfalls...
- Major buyers of Russian oil struggle with bank guarantees: Sources"Banks are not willing to open LC’s for the moment so it is a bit of a standoff," one of the sources said. He asked not to be named due to ...
- Oil traders made billions in 2019 as conflict shook the marketConsensus is that the industry benefited from a lucky mix of factors in the oil market.
- Calls for $100 crude oil are back: 'We’re nowhere near the end of this rally'Oil has been rallying as worries about Iran sanctions, which kick in on November 4.
- India is said to cut imports of Iranian oil to zero in NovemberTrump wants all oil imports from Iran to end by November, and it’s unclear if any waivers will be granted.
- Why India may have to blink on oil pricesCentre has been steadfast so far, hoping to ride out the global crude spike. But it may soon have to blink.
- BPCL, HPCL, IOC shares down over 2% as crude hits fresh 4-year highJP Morgan said US sanctions on Iran could lead to a loss of 1.5 million bpd.
- Oil prices could rise to $100 a barrel by 2019, warn merchantsCrude oil prices could rise to $90 per barrel by Christmas.
- Commodity traders lament world where everybody knows everythingIt’s critical for traders to evolve as margins have declined because of more transparency.
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