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Indian refiners will issue fewer tenders for the purchase of crude oil on the spot market in the coming month as Russian supplies bounce back, Reuters has reported. Previously, Bharat Petroleum ...

NEW DELHI/SINGAPORE, March 24 (Reuters) - Indian refiners will issue fewer tenders for crude oil purchases on the spot market in the coming months, company sources said on Monday, as Russian ...

Flows between the nations had slipped in recent months as a transition period for tighter US sanctions on shipments from Russia came to an end, forcing the state-owned refiners to issue a slew of spot ...

CAIRO, March 23 (Reuters) - Iraq plans to raise oil production capacity to more than 6 million barrels per day (bpd) by 2029, the state news agency reported Iraq's oil ministry as saying on Sunday.

- China's dependency on foreign gas in 2024 calculated at 40.9% - Gas consumption of Asia's largest economy in 2024 reach 428 bcm ...

As per the US Energy Information Administration (EIA), Brent crude oil spot price averaged $75 per barrel in February, $4 a barrel lower than in January and $8 lower than at the same time last year.

As a result, the Brent crude oil spot price in EIA’s forecast rises from about $70 per barrel to $75 per barrel by the third quarter of 2025. However, the report expected that oil inventories ...

What is your sentiment on WTI/USD?

The oil and gas market dropped this week on a number of news items that seemed to hit the energy industry all at once. OPEC is increasing production, the U.S. economy may be slowing, and U.S ...

OPEC+ said that it will increase oil production, putting pressure on oil prices. Investors are also concerned that economic activity could slow, in part because of the effect of tariffs.