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Oil Price
Oil Rises as Falling US Inventories Refocus Market on Demand
Oil rose after plunging more than 2 per cent in the previous session as reports of falling US crude oil and fuel inventories refocused investors on robust deman…
Oil & Gas Trade
India Will Buy Oil From ‘Wherever We Have to’ if Terms Are Beneficial, Energy Minister Says
India will secure oil from anywhere as long as the terms are beneficial, India’s energy minister told CNBC.India is the third largest oil consumer in the …
Net Zero Emission
India to Pitch for Global Biofuels Alliance at G20 - Oil Minister
India plans to pitch for a global alliance on biofuels among members of the group of 20 major economies, oil minister Hardeep Singh Puri said on Wednesday, as t…
Crude Oil
China Begins Releasing Oil from Its Strategic Reserves
China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale, suggesting the world’s two biggest oil c…
Oil Price
Oil Falls After Increases in U.S. Crude, Fuel Stockpiles
Oil prices fell on Wednesday after industry data showed crude oil stockpiles rose more than expected and fuel inventories unexpectedly increased last week in th…
Crude Oil
Covid Resurgence in China Drives Global Oil Demand Concerns
China is renewing restrictions and canceling flights as a Covid-19 resurgence in Asia’s top oil consumer sends jitters across the crude market.
Crude Oil
Oil Edges Higher on Tighter U.S. Supplies, Brent Tops $75 a Barrel
Oil prices rose on Thursday as crude stockpiles in the United States, the world’s top oil consumer, fell to their lowest since January 2020, with Brent crude o…
Oil Price
India Pitches for Stable Oil Market, Says it Will Remain Growth Engine of World
Amid high volatility in international markets, India, world's third largest oil consumer, on Friday pitched for a stable oil market that provides reasonable p…
Crude
China Oct Refinery Output Rises 9.2% from Year Ago to Second-Highest Ever
China’s crude oil throughput in October rose 9.2% from a year earlier to the second-highest on record, as refineries in the world’s second-biggest oil consume…
Russia Can Help India to Be Less Dependent on Oil, Says Indian Energy Minister
India, the world's third-largest oil consumer and importer, wants to reduce its reliance on oil — and working with Russia could help it achieve that, said Indi…
Oil Price
US Refined Product Stocks Build Higher than Expected
Oil prices slipped on Thursday, paring earlier gains, weighed down by lingering worries about the global economy and bigger-than-expected builds in oil product …