India's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change ...

The European Union is considering freezing its price cap on Russian oil as the conflict in West Asia and disruptions to shipping through th...

Indian airlines are urging state-run oil refiners to postpone jet fuel price increases for domestic flights. This move aims to ease financi...

Global events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...

America is now the world's energy superpower. The Iran war caused an oil crunch, but the U.S. is helping. It is increasing oil exports and ...

The European Union has approved a substantial loan for Ukraine to support its economy and military. This comes after Hungary ended its oppo...

US Navy Secretary John Phelan has suddenly departed his post. Undersecretary Hung Cao, a decorated Navy veteran and former congressional ca...

India’s crude oil imports from Russia surged in March, with purchases tripling to €5.3 billion as volumes doubled and prices rose, accordin...

Iran war: Asian nations are scrambling for fuel amid Middle East supply disruptions and China's export bans. Indonesia is seeking deals wit...

Russia's Deputy Prime Minister Alexander Novak has directed the energy ministry to prepare a resolution banning gasoline exports starting A...

On December 5, the oil embargo, which the European Union agreed upon in May, came into effect.

The EU ban on Russian oil moving by sea is "by far the biggest step to date to cut off the fossil fuel export revenue that is funding and e...

“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...

Oil prices slipped in early Asian trade on Monday as investors eyed talks at the European Union on a Russian oil embargo that is expected t...

EU has decided to ban Russian oil trade, and this plan can lead to a big crisis in Hungary. EU has revised the Russian oil sanctions and is...

A full embargo would be most effective if it included European allies, which are also desperate to stop the violence in Ukraine and the dan...

The letter was sent on Monday to traders who submit cargo offers into IOC's regular crude oil buy tenders.