Meanwhile, US crude supplies to India surged significantly in October, driven by favorable economics and a wider Brent-WTI spread, making it India's fourth-largest supplier.

China's accelerated crude oil stockpiling in 2025 provides a significant buffer against global supply disruptions, ...

Since April, OPEC+ has increased production by more than 2.5 million barrels per day, causing crude prices to toe and even fall below the $60 barrel line.

Torbjörn Törnqvist has just struck one of the deals of his lifetime, pouncing on the overseas operations of Lukoil soon after ...

Morgan Stanley on Monday raised its Brent crude forecast for the first half of 2026 to $60 a barrel from $57.5, citing the ...

Abu Dhabi hosts a major oil summit Monday, just after the OPEC+ group of the cartel and its allies announced they would halt planned production increases for early 2026 ...

State-owned giants such as Sinopec and PetroChina canceled some Russian cargoes in the wake of US sanctions on Rosneft and Lukoil.

Bharat Petroleum has purchased a 2-million-barrel cargo of Emirati crude as Indian refiners diversify away from Russian oil ...

According to the magazine, there is also suspicion that Ukraine could not have executed the strikes without American, British, or European assistance ...

Lukoil’s announcement last month of a deal to sell its international assets sent shock waves through the energy-trading world ...

According to Reuters' industry sources, the shift marks a notable change for Turkey — one of the main buyers of Russian oil, ...