A panicked race for barrels grips the global oil marketA desperate scramble for immediately available oil supplies is occurring globally, with traders paying unprecedented prices for prompt carg...
12 Apr, 2026, 02.48 PM IST
Oil sales under US-Venezuela deal expected to reach $2 billion by end of FebruaryU.S. oil supply agreement sales with Venezuela are projected to hit $2 billion by month's end, with 40 million barrels expected to be sold....
27 Feb, 2026, 06.11 AM IST
Chevron sells oil to Reliance for first time since 2023 as Venezuela readies larger cargoes for exportUS oil giant Chevron has made its first sale of Venezuelan crude oil to India's Reliance Industries. This marks the first time in about six...
25 Feb, 2026, 08.40 AM IST
Venezuela readies larger oil cargoes for exports, targets IndiaVenezuelan oil exports are set to accelerate. The first Very Large Crude Carriers are now chartered for shipments. This development follows...
25 Feb, 2026, 12.09 AM IST
Bharat Petroleum, HPCL Mittal buy Venezuelan oil, sources sayIndian refiners Bharat Petroleum and HMEL have bought Venezuelan crude oil. This marks Bharat Petroleum's first purchase and HMEL's first i...
19 Feb, 2026, 06.44 AM IST
Oil steady, investors weigh Venezuela export resumption versus potential Iran supply disruptionOil prices remained stable as investors weighed potential supply disruptions from Iran's intensifying protests against efforts to resume Ve...
12 Jan, 2026, 07.16 AM IST
Dilapidated ports, old tankers complicate US oil companies’ Venezuela plansGlobal oil firms are rushing to secure tankers and establish safe transfer operations for Venezuelan crude exports to the United States. Co...
11 Jan, 2026, 06.27 AM IST
Sellers cancel deals with Chinese oil refiner Yulong after UK sanctions, sources sayChina's Yulong Petrochemical faces cancelled oil deals from major suppliers like Saudi Aramco and TotalEnergies following UK sanctions. Thi...
23 Oct, 2025, 01.36 PM IST
Hedge funds rebuild oil position after OPEC⁺ round trip: KempNavigating through diverse commodities, my investment strategy adapted to changing market conditions. From crude oil to natural gas, I obse...
26 Jun, 2024, 07.53 AM IST
EU decides to ease sanctions on Russian oil exports“With a view to avoid any potential negative consequences for food and energy security around the world, the EU decided to extend the exemp...
24 Jul, 2022, 10.01 AM IST
China quietly increases purchases of low-priced Russian oilThe move by the world's biggest oil importer comes a month after it initially cut back on Russian supplies, for fear of appearing to openly...
20 May, 2022, 01.10 PM IST
JPMorgan faces oil bribery probe in BrazilSo far, police have focused their attention on purchases of roughly 300,000 barrels of Petrobras fuel oil by JPMorgan in 2011 according to ...
22 Sep, 2021, 05.05 PM IST
Major oil trading firms stow diesel, jet fuel on supertankers as demand rebound eyedTrafigura, Glencore and Vitol are holding about 1.5 million tonnes of the industrial and aviation fuel on at least seven Very Large Crude C...
21 Apr, 2021, 01.13 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
Oil back in bull market as Kurdish vote amplifies supply riskOil has gained more than 10 per cent this month on forecasts for rising crude demand.
26 Sep, 2017, 03.37 PM IST
West Asian crude proving pricier than US shale oilIndian officials say that even after factoring in the distance, US oil is working out to be cheaper than Middle East oil.
18 Aug, 2017, 11.57 AM IST
- Reliance, others withdraw from Iran, but China replaces them
Under mounting global pressure, especially from the US, several companies, including India's Reliance and Russia's LUKOIL, have stopped sel...
29 Apr, 2010, 04.46 PM IST