Commodity traders now cozy up to TrumpDonald Trump's administration is actively engaging in commodity dealmaking, a significant shift for historically apolitical traders. Proxim...
21 Apr, 2026, 06.15 AM IST
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...
21 Mar, 2026, 06.33 AM IST
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...
09 Feb, 2026, 12.24 PM IST
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...
15 Sep, 2025, 12.03 AM IST
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...
29 Aug, 2025, 11.38 AM IST
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...
15 Aug, 2025, 09.49 AM IST
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 ...
14 Aug, 2025, 10.43 AM IST
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...
20 Dec, 2024, 04.07 PM IST
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...
25 Apr, 2024, 01.00 AM IST
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 ...
24 Feb, 2022, 06.22 PM IST
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.
27 Jan, 2020, 03.56 PM IST
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.
04 Oct, 2018, 10.03 AM IST
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.
26 Sep, 2018, 06.31 AM IST
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.
25 Sep, 2018, 04.11 PM IST
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.
25 Sep, 2018, 03.30 PM IST
Oil prices could rise to $100 a barrel by 2019, warn merchantsCrude oil prices could rise to $90 per barrel by Christmas.
24 Sep, 2018, 11.25 AM IST
Commodity traders lament world where everybody knows everythingIt’s critical for traders to evolve as margins have declined because of more transparency.
22 May, 2017, 02.04 PM IST