Russian crude oil production dropped around 5% year-on-year last month to 8.7 million barrels per day, 10% below May's target, due to Ukrainian strikes on its energy infrastructure ...

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Lower crude eases inflation risks, but economists still see RBI rate hikes on the table

While economists agree that lower oil prices are a positive development for the economy, most believe it is too early to declare victory on inflation given the uncertainty surrounding weather ...

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Japan's May crude import price hits record high in yen terms amid Mideast war

Japan's crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply ...

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Two oil tankers start loading 4 million barrels of Iraqi crude as Hormuz reopens

A source at the GCPI reported on Tuesday that two oil tankers are being loaded with four million barrels of Iraqi crude.

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Crude oil prices fall from $126 to $76: Transportation costs, rupee to ease

Crude oil prices have decreased significantly, falling to approximately $76 per barrel from a peak of $126 during the Iran War, marking a near three-month low.

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