The refiners, which usually buy Russian barrels on a delivered basis, are now turning to alternative supplies in the spot market.

In a devastating blow to India, alleged friend Donald Trump, the 47th president of USA has slapped the country with a 25% ...

Kuwait’s state oil operator suffered a 6.5 percent fall in net profit during the 2024-2025 fiscal year, hit partly by a decline in petroleum prices. Net earnings at Kuwait Petroleum Corporation (KPC), ...

State-run oil marketing companies have decided to increase the fuel discount for the loss-making Maharashtra State Road ...

Oxford Flow has started commercial trials of its stemless control valve with ADNOC, marking a major step forward in ...

Shell Q2 profit drops 32% on weak oil, gas, and chemicals—but beats estimates; $3.5B buyback continues, shares rise.

Egypt signed an agreement with oil giants Eni and BP to start exploration activities in the Mediterranean Sea, the petroleum ...

Private refiners Reliance Industries and Nayara Energy are the biggest Russian oil buyers in India, but state refiners ...

Analysts are keeping their oil price forecasts mostly unchanged for 2025, as a rise in OPEC+ output and ongoing U.S. tariff ...

The U.S. has sanctioned a fourth Chinese oil terminal and 20 global entities for facilitating Iranian oil exports, ...

The U.S. Department of the Interior announced on Thursday that it will revoke three documents intended to form the basis for ...

Kornelia Shilunga, Head of Upstream Petroleum Unit, calls on all sides to create opportunities for under-35s in nascent ...