China's major state-owned refiners, Sinopec and PetroChina, are exploring a return to purchasing Iranian oil after a U.S. waiver, marking a...

Global oil markets are stabilizing after months of turmoil caused by the Strait of Hormuz closure and war damage. Crude prices have plummet...

Vulnerable nations, stung by the Iran war's economic fallout, are boosting oil and gas storage to weather future crises. This global push f...

Oil companies are projected to experience ongoing challenges through FY27, primarily due to anticipated under-recoveries in Q1FY27, with LP...

Russia and India have forged a new global economic model, preventing global collapse and aiding the Global South with affordable resources....

Iran's Revolutionary Guard Corps has formed new secret groups in Iraq. These cells are carrying out drone attacks on Gulf nations like Kuwa...

India plans to ease emergency energy measures as global tensions subside. These steps were taken to ensure fuel availability amid West Asia...

China has emerged as the world's first oil "swing importer," significantly reducing its imports by a third to an eight-year low. This move,...

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

America is close to a deal with Iran to end the ongoing war. President Trump announced a memorandum of understanding is expected soon. Howe...

Global oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...

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...

The government has cut the annual subsidised cooking gas cylinders for Ujjwala scheme beneficiaries to four. This move aligns support with ...

Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This ...

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its...

Asian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to ...