Last year, India leapfrogged China to become the biggest buyer of Russian oil, purchasing up to 2 million barrels of ...

CDU-3 (capable of cracking 8,600 tons of crude per day) and CDU-4 (11,400 tons per day)—were shut down on Aug. 2. The ...

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open the floodgates of global crude supply.

Oil prices slid about 1% to an eight-week low on Wednesday after U.S. President Donald Trump's remarks about progress in ...

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

Our real-time satellite monitoring of oil inventories had shown that the world was rapidly running out of space to store the crude oil that, thanks to the inertia caused by COVID-19 and the ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% ...

NEW YORK (AP) — The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran. The price of Brent crude oil, the international ...