Industry fears that the consequences of India not buying Russian crude could be devastating. Market players speculate oil ...

Crude oil futures gain in futures trade due to increased spot demand. August delivery rises on MCX. WTI and Brent crude also up.

A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per ...

Geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further ...

India's top refiner, has bought one million barrels of Nigeria's Agbami crude oil for September delivery, trade sources said ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 4.2 million barrels in the week ending August 1.

U.S. crude-oil production was at 13.44 million barrels per day for the week ended June 20, down from 13.57 million three months ago, according to the Energy Information Administration.

Stocks of distillate fuels, mostly diesel, are forecast to be up by 600,000 barrels at 114.1 million barrels. Forecasts range from an increase of 3 million barrels to a decrease of 2 million barrels.

U.S. crude oil prices have been trending lower since January when the price per barrel was more than $78. Following the announcement of higher production, oil prices fell about 2% on Monday to ...

U.S. crude-oil production was at 13.44 million barrels per day for the week ended June 20, down from 13.57 million three months ago, according to the Energy Information Administration.