Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

OPEC+ jolted markets by announcing it would flood the market with more oil.

Crude oil futures traded lower on Monday morning due to factors such as US President Donald Trump’s decision to impose an ...

Saudi Aramco is raising crude prices globally next month despite OPEC+’s decision to significantly increase oil supply.

Two questions stand out after the decision by OPEC+ to accelerate increases in crude oil output: who is going to buy the ...

Analysts and investment banks predict oil prices will remain below $70 per barrel for the rest of 2025 due to market ...

Nigerian elites and their international collaborators may have stolen over $25.7 billion crude oil in the past 23 years, ...

Crude oil futures were lower and OCBC said prices were expected to face further downward pressure in 2H following OPEC+’s announcement to quicken supply hikes.

OPEC+ attributed the production hike to steady global economic conditions and strong market fundamentals, pointing to low ...

Petrol and Diesel Prices on July 7, 2025: Oil marketing companies (OMCs) update petrol and diesel prices daily at 6 AM, ...

Oil prices dropped slightly on Monday after the OPEC+ group surprised markets by hiking output more than expected in August, ...

OPEC+ has agreed to hike oil production by 5.48 lakh barrels per day (bpd) in August. This is significantly higher than the 4 ...