- February 2nd, 2026
U.S. President Donald Trump pressed top American oil executives on Friday to invest in Venezuela’s vast oil reserves, following the capture of President Nicolás Maduro, but received a cautious response, with some industry leaders warning that the country remained “uninvestable”...
India’s private refiner Reliance Industries said on Tuesday (Jan 6) it does not expect to receive any Russian crude oil deliveries in January and has not taken such cargoes for the past three weeks, signalling a further pullback by India’s...
India Diversifies Oil Imports as U.S. Sanctions Reshape Global Trade U.S. crude oil exports to India surged to their highest levels in over two years in February, reaching approximately 357,000 barrels per day (bpd), according to ship tracking data from...
Oil prices dropped on Tuesday, retracing a portion of the previous day's nearly 2% gain, as U.S. diplomatic efforts to negotiate a ceasefire in the ongoing Middle East conflict, coupled with persistent concerns about China's sluggish economic recovery, weighed on...
Asian trade on Thursday, oil prices rebounded slightly, reversing some of the sharp losses seen in the previous two sessions. This rally came after surprising industry data revealed an unexpected drop in U.S. crude oil stockpiles, countering broader market trends...
Global Crude Prices Fall Amid Disappointment Over China's Economic Plans, Middle East Tensions Loom Oil prices took a sharp plunge on Tuesday, with global benchmark Brent crude dropping as much as 5.6%, and West Texas Intermediate (WTI) retreating by as...
Russia’s crude oil shipments have surged to their highest levels in three months, a development linked to the country's refineries embarking on seasonal maintenance. This rise in exports highlights the resilience of Russia’s oil industry despite production cuts and international...