US refiners Marathon Petroleum, Phillips 66 and Valero Energy reported combined second-quarter profits of $12.6 billion, benefiting from su...

Global oil supply will fall by 4.3 million barrels daily this year. Renewed Middle East hostilities are disrupting supplies and deepening t...

US official Peter Navarro believes US President Trump and Prime Minister Modi will resolve tariff differences. He recalled past criticism r...

The oil market is witnessing unprecedented volatility amid the intensifying US-Iran hostilities. Iran's surprising maneuver to shut down th...

Oil prices maintained their position on Tuesday as hopes for a US-Iran deal faded, hampered by President Trump's stringent demands that are...

India's Russian crude oil imports reached a record in July, increasing by 2.1 percent. This surge was primarily fueled by smaller import te...

China is bearing the brunt of Asia’s crude oil demand slowdown as Middle East supplies shrink following the Iran conflict. Chinese crude im...

Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...

A US Senate vote advances tougher sanctions on Russia, potentially disrupting crude oil supplies. However, immediate impacts on India and C...

India's crude oil import bill rose significantly in early 2026-27. Higher global oil prices and supply disruptions increased costs for refi...

India's exports of key metal intermediates are experiencing a significant surge. Aluminium alloy exports climbed twenty-four percent, reach...

US mortgage rates have climbed for five consecutive weeks, reaching a yearly high. This trend makes homeownership increasingly difficult fo...

US crude imports from the Middle East are reaching their highest levels since the Iran war began. This surge is driven by a brief Strait of...

In 1909, a Black American entrepreneur, Garrett Morgan, was experimenting with a liquid to reduce friction from sewing machine needles when...

United States crude oil stocks increased by 2.5 million barrels last week. Refinery processing eased slightly, and crude imports saw a mode...

India's fuel exports hit a one-year peak in July, driven by strong diesel margins. Russia's diesel export ban and global supply voids creat...

War-driven supply disruptions have turned oil refining into Big Oil's biggest profit engine, but Reuters columnist Ron Bousso says the wind...