America's emergency oil reserve has fallen to its lowest point since 1983. This significant drop follows extensive releases to manage econo...

A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a ...

ONGC Videsh Ltd (OVL) had acquired assets overseas as part of increasing the state-run oil producer's crude output. The move to revive OVL ...

Indian refinery executives anticipate oil prices falling below $80 per barrel within weeks if a US-Iran agreement is signed Friday, reopeni...

India's merchandise exports reached a record $45.2 billion in May. Imports also grew, leading to a trade deficit of $28.21 billion. Commerc...

A "toll free" reopening of the Strait of Hormuz, following a US-Iran ceasefire agreement, promises significant relief for India's crude oil...

Markets globally surged as a tentative US-Iran peace deal emerged, promising to ease inflation and reduce the need for interest rate hikes....

India continued its strong demand for Russian fossil fuels in May. The nation emerged as the second-largest buyer globally, importing hydro...

India's External Affairs Minister S. Jaishankar stated India purchased Russian oil after the Ukraine war began in 2022. He explained the oi...

America's ascendancy to the top spot marks a stunning reversal for a country that was dependent on West Asian oil for decades and suffered ...

OPEC has reduced its 2026 oil demand growth forecast to 970,000 barrels per day. This marks a second consecutive cut. The group sees less i...

OPEC oil output in May plummeted to its lowest in over two decades, dropping by 1.06 million barrels per day. This significant decline was ...

China's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Coppe...

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...

India is preparing new measures to protect its economy from the West Asia conflict. The government will introduce these steps gradually as ...

Russian President Vladimir Putin said Russia aims to expand its strong relationship with India. He believes US pressure on India to reduce ...

In May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have n...