Oil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Teh...

India's ethanol use is evolving beyond simple blending. It is set to become a key transport energy source. This will help manage fluctuatin...

The closure of the Strait of Hormuz and the shutdown of Qatar’s LNG exports have pushed gas prices higher, but the disruption could ultimat...

Global clean-energy manufacturing capacity now exceeds demand. Asia, led by China, dominates production, pushing prices down. This oversupp...

Rising oil prices triggered by the Iran conflict are pushing India to accelerate its shift away from fossil fuels, with the government fast...

Ukraine's war effort has shifted, with drones dominating the battlefield and blunting Russia's advantages. While Russia faces higher casual...

Global oil markets have shifted dramatically. Geopolitical tensions have caused a surge in Brent crude prices. Supply disruptions are a maj...

American Airlines cut its 2026 profit forecast on Thursday, pushing the lower-end of the range to a loss, as sky-high jet fuel costs driven...

Aramco's chief Amin Nasser believes oil glut forecasts are overstated. He points to robust demand and falling global oil reserves. This con...

Oil prices remained largely flat early Thursday, following a dip to two-week lows due to weaker demand and a global oil glut. U.S. crude st...

Despite OPEC+'s planned output hikes, oil prices remain surprisingly resilient, trading near $67 a barrel. Analysts attribute this to China...

West Texas Intermediate (WTI) crude fell $1.20, or 4.6 per cent, to $23.36.

US crude for June added $1.18, or 6.3 per cent, to reach $20.02.

Traders said Monday's market drop indicated any unfilled tanks are under lease, and not available to new renters.

Data published last week by the US Energy Information Administration show that imports from Saudi Arabia in the week to July 14 fell to the...

The meeting didn’t produce a supply accord but did reach consensus on appointing Nigeria’s candidate as new secretary-general, Sudirman Sai...

Oil demand is likely to match supply by the end of the year, but prices are unlikely to return to the $100 levels, says the BP Group Chief ...