Numaligarh Refinery Ltd will soon process imported crude oil. This follows its capacity expansion to nine million tonnes per annum. The project is set for completion by the end of the year. Imported ...

The decline was largely driven by a web of middlemen and buyers who know Tehran has limited options for unloading its ...

China’s latest oil import data has been rather bullish, with November imports rising 5% year on year. Not only that, but China is building new storage capacity, so it can keep buying more crude, ...

GOA, India, Jan 27 (Reuters) - India's state-run Hindustan Petroleum Corp Ltd is seeking Venezuelan crude for the first time ...

Crude oil futures traded higher on Wednesday morning as a severe winter storm in the US disrupted crude oil production and exports from the US Gulf Coast.

Annual conventional discoveries have fallen from over 20 billion boe in the early 2010s to about 8 billion boe since 2020.

The light sweet crude oil market has pulled back in early Thursday morning trading, as we continue to see the market try to ...

Nigeria and China’s crude oil trade is set to expand as Venezuela’s import suffers the biggest disruptions. China is expected to witness a plunge in oil imports from Venezuela in February, as the now ...

Glencore (GLNCY) could gain from renewed Venezuelan oil flows and heavy crude demand. Read the latest analysis on the stock ...