Results for "oil"

Sinopec's new leadership aims to revitalize the company through strategic changes amid evolving energy challenges and market dynamics.

Saudi Arabia’s economy contracted 4.8% year-on-year in the second quarter of 2026, underscoring the continued vulnerability

The complex brings together every stage of the oil palm value chain under one roof – seed and genetics, nursery, R&D center, and upcoming state-of-the-art refinery in the complex.

A S Sahney, Chairman and Managing Director of Indian Oil Corporation Limited said the OMCs are currently processing crude purchased earlier at higher prices and have not yet received fresh cargoes procured at the recent lower rates.

Global oil markets are watching the US-Iran talks in Doha closely as crude prices move lower amid hopes of easing tensions. The outcome could directly impact India’s fuel costs, inflation, and economy.

Traffic through the Strait of Hormuz remained active on Tuesday, with 31 verified vessel crossings recorded as global shipping continued cautiously through the key energy route. Indian-linked shipping movements remained under close watch amid regional uncertainty.

Speaking to NDTV, the Petroleum Minister stated that the country's Russian crude oil imports have increased. He maintained that New Delhi was never asked to completely stop purchasing oil from Russia.

According to officials, the fire erupted aboard the oil tanker, prompting an immediate emergency response from Oman's maritime and rescue agencies.

Responding to the US lawmakers, Rubio said that the decision ultimately rests with the US Treasury Department and depends on the circumstances at the time.

Now, US Treasury Secretary Scott Bessent has, to some extent, tried to answer the question around the stability of crude oil prices in the international oil market.