Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US ...

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What may happen if India does not buy Russian oil? What may be price of crude? Will it affect Western world, including US?

India currently imports approximately 1.7 million barrels per day of crude oil from Russia. Coming under pressure from Donald Trump and additional US tariffs, if it stops buying crude from its ...

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Saudi Arabia may cut October oil prices to Asia from five-month highs

Saudi Arabia, the world's biggest oil exporter, may cut October crude oil prices for Asian buyers amid ample supply and weaker demand, refining sources said.

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Latest: Petrol price in Pakistan may see hike from Sept 1, 2025

This steady upward trend in the international market is likely to impact Pakistan’s petroleum product prices in the coming days. The Shehbaz Sharif-led government last revised petrol prices on August ...

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Oil prices fall nearly 1% on oversupply concerns

Oil prices fell today, Aug. 28, as investors assessed potential shifts in crude supplies as India faces punitive US tariffs on its imports of Russian oil. Brent crude was trading down 0.9% at $67.43 a ...

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