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...
The United States military boarded an Iranian-flagged oil tanker in the Gulf of Oman on Wednesday, escalating pressure on Tehran as the Trump administration pushes Iran to reopen the Strait of Hormuz ...
The rupee slipped to a fresh all-time low against the US dollar on Wednesday, extending its recent losing streak as rising oil prices, overseas debt repayments and importer demand for hedging continue...
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-...
NEW DELHI: Petroleum minister Hardeep Singh Puri on Tuesday said public sector oil marketing companies may not be able to sustain daily losses of Rs 1,000 crore from selling petrol and diesel below ma...
State-owned oil marketing companies (OMCs) have incurred losses of more than Rs 1 lakh crore over the past 10 weeks as they continued to shield Indian consumers from soaring global fuel prices trigger...
Oil pipelines across the globe are running dry, depleting at an unprecedented rate as the ongoing Iran war severely disrupts crude flows from the Persian Gulf, rapidly eroding the buffer that usually ...
Govt says fuel supply, prices stable despite global oil market turmoil The Centre on Friday said India has managed to maintain stable fuel supplies and uninterrupted maritime operations despite the on...
The world’s busiest oil supply passage is in a chokehold, and the ripple effects are being felt across nearly every corner of the globe. The pressure is already showing up everywhere: at petrol statio...
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...