Indian Oil Corp. bought a record share of its crude oil from the spot market in the April-June quarter after the US-Iran conflict upended supplies from the Middle East. The shift shows how ...

July 31 (Reuters) - Indian Oil Corporation (IOC) (IOC.NS), opens new tab, the country's top refiner, reported its first quarterly loss since September 2022, as elevated crude oil prices weighed on ...

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Indian Oil Corp. is seeking 50% ownership stakes in very large gas carriers, a first for an Indian refiner, as the company prepares to transport higher volumes of U.S. liquefied petroleum gas under ...

Saudi Aramco said Aug. 4 that global refineries outside conflict zones are operating near maximum capacity, leaving little buffer against fuel supply disruptions. Fuel prices have remained elevated as ...

NEW DELHI, Aug 1 (Reuters) - Indian Oil Corp (IOC.NS), opens new tab, the country's top refiner, has sharply raised oil purchases from the spot markets to make up for ‌the loss of Middle Eastern ...

Oil prices are down more than 5% today after the Trump administration tabled plans to escalate strikes against Iran. The drop "clearly reflects the market's desperation for positive news," ING ...

Over 1,600 days into Russian President Vladimir Putin's 10-day special military operation and the situation for the Kremlin continues to deteriorate. Since Moscow ordered its troops illegally into ...

President Donald Trump on Saturday abruptly called off the “biggest attacks since World War II” against Iran in favor of negotiations, the latest in a seemingly endless series of whiplashes in the ...

Russia's war effort is under growing pressure, with mounting military losses, relentless Ukrainian drone strikes on refineries, and attacks damaging nearly 43% of Russia's refining capacity The U.S.

President Trump on Monday urged U.S. oil companies to take action to ease gasoline prices, saying that the energy giants "made too much money" from high oil prices due to the Iran war. Mr. Trump's ...

China is more in control of its oil consumption than anyone realized. That will unsettle oil bosses. During one of the worst energy crises in history, brought on by the Iran war, the crude market’s ...