Venezuela has emerged as India’s third-largest crude oil supplier so far in May, overtaking Saudi Arabia and the United States, as Indian refiners increased purchases of cheaper heavy crude amid disru...
Oil prices edged lower on Wednesday after posting gains for three straight sessions, as investors closely monitored the fragile ceasefire linked to the Iran conflict and awaited the outcome of a high-...
Oil markets inched higher on Friday as tensions escalated between the US and Iran, making traders cautious again. With this, oil markets reversed the sharp losses recorded earlier this week, when pric...
The OPEC member is offering reductions of up to $33.40 per barrel on its benchmark Basrah Medium grade. (AI image) With oil supplies via the Strait of Hormuz still disrupted, Iraq is now offering deep...
NEW DELHI: Russia remained the largest source of crude for India in April, supplying 1.6 million barrels a day (mbd), followed by Saudi Arabia, the UAE, Venezuela and Qatar, data from shipment-trackin...
May Offer Price And Logistics Advantage New Delhi: The UAE’s exit from Opec may prove significantly beneficial for India, which is looking to secure its energy requirements in the long run follo...
The Middle East conflict has already been rattling global oil flows, draining supplies, tightening reserves and pushing crude prices higher across markets. But Iran, one of the key flashpoints in the ...
NEW DELHI: Clashes, allegations of voter intimidation and technical glitches marked a turbulent start to the first phase of voting in West Bengal’s Murshidabad district.West Bengal phase 1 polls...
India faces greater exposure. It depends heavily on the Gulf region not just for crude oil but also for liquefied petroleum gas. (AI image) India and China, among the largest economies in Asia, are st...
Dalal Street will closely watch developments in the US-Iran conflict, crude oil price movements, and the ongoing corporate earnings season for direction this week, analysts said. They added that forei...