Oil prices rose in Asian trading on Wednesday, recovering some recent losses after industry data indicated an unexpected draw in US inventories while concerns over...
India increases crude oil imports from its conventional suppliers, including Saudi Arabia and Iran on India’s growing oil demand in September. India’s crude oil imports...
China is facing one of the longest deflation streaks since 1993, affecting everything around, including oil prices. According to one of the world’s biggest oil...
In July, India surpassed China as the largest importer of Russian oil as the Chinese refiners reduced purchases due to lower profit margins from fuel...
Reliance Industries Ltd on 24 July announced receiving approval from the US to resume importing oil from Venezuela despite White House sanctions on the country. ...
To rationalise the petroleum sector’s tax structure, the government has reimposed a windfall tax on domestically produced crude oil of Rs 6,400 per tonne. Petrol...
On Saturday, state-owned Bharat Petroleum Corporation Ltd (BPCL) reported that it had signed a pact with Brazil’s national oil company Petrobras for sourcing crude oil...