Reliance Industries is likely to shift back to its traditional Middle Eastern sources for oil if India yields to pressure ...

Global refining capacity is growing despite fewer refineries, driven by regional demand shifts, sustainability pressures, and ...

Sources said Indian refiners, particularly State-run, are watering down spot purchases of Russian crude oil. They are also ...

India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its ...

India, alongside China and Turkey, remains a top buyer of Russian oil, and Washington is preparing similar tariff threats.

Saudi effectively accounted for all of the increase, as it boosted exports by 631,000 bpd over the March-June period while ...

Indian refiners, heavily reliant on discounted Russian oil for high distillate yields, face significant economic and ...

Oil giant Petron Corp. booked lower earnings in the first half as crude prices declined due to ongoing global trade tensions ...

Saudi Aramco has lost around $800bn of its market value since its peak in 2022, a drop of nearly 40 percent. On Tuesday, the ...

Oil prices have not reacted to Trump slapping an additional 25% tariff on India over its purchases of Russian oil, possibly ...

Hungary’s MOL reported a sharp decline in net income in the second quarter as the impact of a spike in oil and gas output was ...

In 2024, GCC economies experienced a shift towards non-oil sectors, accounting for over 70% of GDP despite a downturn in oil ...