The very large crude carrier Eagle Verona crossed into the Arabian Sea from the Gulf of Oman carrying about 2 million barrels of Iraqi crude to China, vessel tracking data compiled by Bloomberg show ...

Read More »

Two LNG Vessels, Iraqi Crude Supertanker Exit Hormuz, Head For Pakistan, China

Two LNG tankers carrying cargoes for Pakistan and China have exited the Strait of Hormuz amid continued tensions between the United States, Israel and Iran.

Read More »

Crude Oil Prices Plunge Up to 6% to 2-Week Lows on US-Iran Deal Hopes

Global crude oil prices tumbled to their lowest levels in two weeks on Monday as optimism over a possible breakthrough in US-Iran negotiations eased fears of prolonged supply disruptions in West Asia.

Read More »

Sensex jumps over 900 points, Nifty surges amid fall in crude oil prices

Indian benchmark indices Sensex and Nifty rallied sharply in early trade on Monday as crude oil prices declined and global sentiment improved amid optimism surrounding US-Iran negotiations. Investors ...

Read More »

Crude oil falls below $100, so why are petrol prices still rising in India?

Global crude oil prices have slipped below $100 a barrel, but petrol and diesel prices in India continue to rise. The gap reflects earlier oil company losses, a weaker rupee, heavy taxes and lingering ...

Read More »