Sanctions over the Ukraine war have led to the emergence of at least 40 middlemen, including "little-known companies" and those reportedly ...

Reliance Industries has resumed vessel operations at the port of Sikka in Jamnagar, Gujarat, after Cyclone Biparjoy hit India's coastline. ...

The jump in Russian supplies comes ahead of a meeting between the Organization of the Petroleum Exporting Countries and their allies includ...

As a result of the European Union ban on Russian fuel that started on February 5, tankers carrying clean oil products such as gasoline, die...

Analysts and government officials from consumer countries use the term Asian premium to refer to the higher prices Asian importers have pai...

Competition from India has narrowed discounts for April-loading ESPO shipments to about $6.80 a barrel against June ICE Brent DES basis to ...

"On net back basis after factoring in the freight, the landed cost of ESPO is turning out to be $5-$7 a barrel costlier in comparison to si...

In order to reap record margins, India, the world's No. 3 oil importer, has ramped up imports of cheap Russian oil and increased oil produc...

While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and N...

Trafigura, Glencore and Vitol are holding about 1.5 million tonnes of the industrial and aviation fuel on at least seven Very Large Crude C...

The 13-member Organization of the Petroleum Exporting Countries pumped 24.89 million barrels per day (bpd) in February, the survey found, d...

The shipments were loaded onto tankers with documents showing the fuel oil was Iraqi.