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OIL PRODUCTS
Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...- $327.1 billion US exports in April touch record highAmerica's trade deficit shrank in April. This happened as exports of oil products and capital goods reached new highs. This trend could hel...
- Companies seek lifting of curbs on gas pipeline integrationIndian energy firms want the Petroleum and Natural Gas Regulatory Board to allow pipeline connections. This could free up nearly 10% of dom...
- BP names heads for two main businesses after revampBP is reorganising its business into two core units, upstream and downstream. Gordon Birrell will lead the upstream operations, while Richa...
- US trade gap narrows in April on oil exports boostAmerica's trade gap narrowed in April. Energy exports surged due to Middle East conflict. This boosted overall exports. Imports also rose, ...
- Why are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil edges higher as investors watch Iran-Israel developmentsWhy are oil prices up today, and will Brent and US WTI crude futures continue to rise or fall again? Oil prices moved slightly higher as tr...
- Fitch sees global oil markets returning to oversupply after Hormuz reopensGlobal oil markets are set to return to oversupply soon. Fitch Ratings reports the Strait of Hormuz closure is a temporary supply shock. Pr...
- Cairn, Vedanta Oil & Gas raises output from Hazarigaon gas field in AssamCairn Vedanta Oil & Gas has achieved a significant milestone in Assam. The Hazarigaon field recorded its highest gas production. This contr...
- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
- Oil market likely to return to oversupply after Hormuz reopens: Fitch RatingsGlobal oil markets are set to see a surplus once the Strait of Hormuz reopens. Fitch Ratings predicts this despite current price hikes. The...
- 7 OPEC+ nations announce second straight 188,000 bpd output increase for JulySeven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...
- OPEC+ increases production quotas for JulyOPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikel...
- As OPEC+ meets, Iran war hobbles power to shape oil marketOPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since Strait of Hormuz...
- Why oil’s not at $200 after the biggest supply shock in historyGlobal oil prices are defying expectations, staying below $100 a barrel even after the Strait of Hormuz was effectively blocked. Record US ...
- Rising fuel prices to strain household budgets as West Asia crisis pushes crude above USD 100: Chief Economist Manoranjan SharmaFuel prices are climbing globally, impacting Indian households. The West Asia conflict is driving up crude oil costs, making higher fuel pr...
- India sets standard pack sizes for cooking oils to help shoppers compare pricesIndia has ordered cooking oil makers and importers to use only nine standard pack sizes. This move aims to help shoppers easily compare pri...
- Russia's oil major says US companies benefit from the closure of the Strait of HormuzRosneft CEO Igor Sechin stated that American energy companies are benefiting most from the closure of the Strait of Hormuz. He believes the...
- 'Ocean of energy' found in Andaman: What the new gas discovery means? Can it reduce India's import dependence?Andaman oil discovery news: Oil India has confirmed the discovery of natural gas in an exploratory well in the Andaman Sea, marking a signi...
- World food prices slip in May, still near three-year high, FAO saysGlobal food prices edge lower in May as FAO forecasts a 2% decline in world cereal production for 2026-27.
- Govt moves to standardize edible oil pack sizes, industry sees boost for consumer transparencyThe Indian government is set to introduce new rules for edible oil packaging. This move aims to standardize pack sizes, making it easier fo...
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