Oil prices have dropped roughly 2%, influenced by signs of diplomatic advancement between the US and Iran concerning the Strait of Hormuz. ...

Saudi Arabia’s increased crude shipments through the Strait of Hormuz have pushed ship-to-ship transfer operations in the Gulf of Oman to c...

Saudi Arabia has sold almost 100 million barrels of crude to Asian buyers, including refiners in India and China, helping ease supply conce...

China and Hong Kong stocks dropped on Thursday as investors doubted a meeting between US President Donald Trump and Chinese President Xi Ji...

Cooking oil prices could ease after the government cut import duties on crude and refined sunflower, soybean and palm oils, industry body I...

Iran's closure of the Strait of Hormuz initially raised concerns about soaring oil prices impacting the global economy. However, Gulf produ...

Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures declined 59 cents, or 0.7%, to $91.5...

India’s state-owned refiners have raised domestic LPG production to around 44,000 tonnes a day as festive-season demand rises and renewed c...

West Bengal is preparing to launch its own mustard oil brand as part of a self-sufficiency initiative. The state government aims to boost o...

European shares rose on Wednesday as falling oil prices boosted sentiment, while investors awaited eurozone PMI data for clues on economic ...

Brent crude futures fell 7 cents, or 0.07%, to $99.18 a barrel, while West Texas Intermediate futures declined 35 cents, or 0.39%, to $90.1...

Aramco is planning to reorganise its business by creating a dedicated gas division, with a view to potentially listing parts of the unit in...

India and OPEC have called for closer cooperation to support a stable and predictable global energy market, with oil minister Hardeep Puri ...

India’s Russian oil imports fell 16.5% month-on-month to about 2.1 million bpd in August, while purchases from Iraq rose sharply and Saudi ...

The United States proposed a $5 billion fund for Middle Eastern energy infrastructure. This initiative aims to reduce reliance on the Strai...

Sea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...

Middle East oil producers are increasingly using ship-to-ship (STS) transfers off Oman to keep crude exports moving despite disruptions fro...