The Iran war has led to a blockade of the Strait of Hormuz, the main transit route for Gulf energy supplies. While India has partly offset ...

The government is identifying households with both LPG and PNG connections. This move aims to stop dual ownership and prevent subsidy misus...

The Iran war has caused a significant drop in global oil demand, with consumption plummeting due to supply disruptions and record-high fuel...

Indian vegetable oil refiners are reducing palm oil, soyoil, and sunflower oil purchases, anticipating an end to the Iran war-driven price ...

The severe supply challenges reportedly forced state-run refiner Mangalore Refinery and Petrochemicals Ltd (MRPL) to shut a crude processin...

Russia faces challenges in exporting oil despite a global price surge. Ukrainian drone attacks and severe winter storms have disrupted oper...

Ukraine launched a significant drone attack on Russia, targeting the Kirishi oil refinery and prompting a fire. Russia claims to have downe...

U.S. Secretary of State Marco Rubio warned that global energy prices could rise if the U.S. imposes secondary sanctions on China for refini...

India approves three Russian insurers, including a Sberbank unit. They will provide marine cover for ships at Indian ports. This move helps...

In July, India surpassed China as the largest importer of Russian oil, with imports reaching a record 2.07 million barrels per day (bpd), o...

Morgan Stanley raised its Brent oil price forecasts by $10 per barrel to $90 for the third-quarter of 2024, citing tighter supply and deman...

Russia plans additional oil supply cuts with production reductions and decreased exports amid curtailed refining capacity and stricter sanc...

Russian state pipeline operator Transneft said it halted shipments through the southern branch of the Druzhba oil pipeline, which flows thr...

OPEC, led by Saudi Arabia, and its allies, led by Russia, curtailed production during the pandemic as oil prices and demand plummeted, and ...

Exxon Mobil Corp said on Wednesday its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1 operations due to sanc...

Brent crude futures rose more than 11% in early trade.

In June, India imported 592,800 barrels per day (bpd) of oil from Iran compared to 705,200 bpd in May, the data showed. The sources decline...