India’s refiners rely on discounted Russian heavy crude that is difficult and costly to replace. Switching to U.S. oil would raise costs and strain refinery operations. Washington’s tougher stance ...

LAUNCESTON, Australia, Feb 18 (Reuters) - Asia's imports of crude oil are on track to hit a record high in February as the recent strong run continues, but the mix of suppliers is starting to shift in ...

U.S. crude oil inventories fell last week as a decline in production amid winter storm Fern partially offset a rise in imports, according to data released Wednesday by the U.S. Energy Information ...

March WTI crude oil (CLH26) on Wednesday closed up +2.86 (+4.59%), and March RBOB gasoline (RBH26) closed up +0.0536 (+2.80%). Crude oil and gasoline prices rallied sharply on Wednesday amid mounting ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States decreased by 11.1 million barrels in the week ending January 30. Crude oil inventories decreased by 247 ...

U.S. crude oil inventories increased sharply last week as production recovered from winter storm disruptions and imports rose, according to data released Wednesday by the U.S. Energy Information ...

India maintains a strategically diversified mix of crude oil imports from multiple sources to ensure energy security, balancing affordability, logistics, and geopolitical risks. No gym, no ...

Crude oil stocks, not including the SPR, stood at 420.3 million barrels on January 30, according to the EIA's latest weekly petroleum status report. U.S. commercial crude oil inventories, excluding ...

Crude oil futures recovered some of the previous session's sharp losses Tuesday, after U.S. military forces shot down an Iranian drone that "aggressively" approached the aircraft carrier USS Abraham ...

Oil futures fell nearly 3% on Thursday, surrendering gains from the previous session, as talks between the U.S. and Iran set for Friday in Oman eased the immediate risk of military conflict and supply ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. FREEPORT, TEXAS - JANUARY 14: The Nave Photon crude oil tanker is ...