US Energy Secretary Chris Wright announced steps to increase refinery fuel output soon. High gasoline prices are a concern for President Do...

Gold has recovered nine percent, signaling renewed investor and central bank interest. The precious metal is now positioned for further gai...

India's soyoil imports are expected to reach a record 620,000 metric tons in August, about 46% above the current marketing year's monthly a...

As the deadline for a resolution on the US-Iran nuclear deal has passed without any advancements, both countries remain firmly entrenched i...

The Reserve Bank of India has stepped in, providing crucial support for the rupee amidst global economic uncertainties. State-run banks are...

The Strait of Hormuz has seen an uptick in ship attacks, causing grave concerns as peace negotiations remain stagnant. Recently, two vessel...

Iran has rejected US claims of control over the Strait of Hormuz and demanded Washington accept its conditions before shipping resumes. The...

India has reduced windfall taxes on petrol, diesel, and aviation fuel exports. The duty on diesel exports is now 24 rupees per litre, while...

Kuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990...

The United States plans to intensify economic pressure on Iran next week, with Treasury Secretary Scott Bessent warning of measures unprece...

Brent crude futures were down 30 cents, or 0.34%, at $86.77 a barrel, while US West Texas Intermediate (WTI) crude futures gained 34 cents ...

Euro zone bond yields showed little movement on Thursday, coinciding with steady oil prices. Recent U.S. inflation data has lessened the ma...

US Energy Secretary Chris Wright claims nearly nine million barrels daily leave the Strait of Hormuz. Vessel tracking services, however, re...

The Organisation of Petroleum Exporting Countries cut its forecast for global oil demand growth in 2026 to 580,000 barrels per day in its m...

Oil prices dipped as demand forecasts for 2026 were lowered due to the U.S.-Israeli war on Iran. Despite supply concerns from the conflict,...

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

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