Sumit Pokharna, VP-Fundamental Research, Kotak Securities, believes that higher crude oil prices are negative for refining companies like OMCs as it impacts its margins, operating costs, working ...

A $10 crude spike could sharply divide India’s energy pack — upstream oil and shippers may rally, but OMCs and gas firms face margin pain.

Oil prices opened stronger this morning following US and Israeli strikes on Iran over the weekend. There are significant ...

Iran sits on one side of the Strait of Hormuz — the shipping lane for about a fifth of the world’s crude from key suppliers ...

An Iranian drone struck Saudi Aramco's Ras Tanura oil facility, causing a fire. As per initial information there are no ...

The Strait of Hormuz has Iran on the northern side and the UAE and Oman on the southern side. It extends for around 100 miles ...

Asia depends on oil and gas from the Middle East, making it highly vulnerable if the widening conflict following Israeli and U.S. attacks on Iran causes prolonged supply disruption.

The United States and Israel's strikes on Iran are expected to spark a surge in oil prices when futures trading opens.

The uncertainty in the market, coupled with a tighter than expected balance, has also brought more speculative money into the oil market, with speculators buying more than 200k lots in ICE Brent since ...

Brent crude jumped 10% to about US$80 a barrel over the counter on Sunday, oil traders said, while analysts predicted that ...

Oil price reporting agency S&P Global Platts is suspending bids and offers for price assessments of Middle East refined products that transit the Strait of Hormuz because of shipping disruptions from ...

US-Iran conflict is the dominant issue, pricing in $10/bbl risk premium. Strait of Hormuz blockade could send Brent crude ...