Independent refiners are increasingly purchasing discounted Russian crude as India reduces its purchases, driven by concerns over potential US strikes on Iran and the relative competitiveness of ...

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New record! China laps up discounted Russian crude as India reduces purchases; threat of US strikes on Iran adds to jitters

Supplies of Urals, along with other export grades such as Sokol and Varandey, have added to regular shipments of Russia’s flagship ESPO blend exported from the Far East port of Kozmino, which is ...

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No decision made on transfer of disputed oil wells to any state, says RMAFC

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says disputed crude oil and gas wells have not been proposed for transfer to particular oil-producing states.

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Natural Gas and Oil Forecast: Record 3.7M bpd Surplus Sparks Selloff—WTI Below $63, $60 Next?

Oil prices slide as IEA warns of a 3.7M bpd surplus. WTI dips below $63, Brent tests $67, while natural gas holds $3.15 amid mild weather forecasts.

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Crude oil futures trade flat on reports of second round of US-Iran talks

Crude oil futures traded flat on Monday morning amid reports that a second round of talks between the US and Iran is scheduled for later this week.

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