Notably, India's refined product demand grew 3 per cent year-over-year in 2024, compared to flat growth in China.

Oil India Ltd's Q3 FY25 net profit drops 23% due to lower oil prices, with EBITDA and turnover also declining.

Venezuela's state oil company PDVSA has resumed regular imports of light crude as its own output of medium and light grades ...

Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down ...

Experts warn that the energy sector is not contemplating a boost in production, despite the president’s messages. The country ...

Russia is facing a significant oil transportation crisis due to recent U.S. sanctions, according to Bloomberg oil strategist Julian Lee. On Jan. 10, the U.S. Treasury sanctioned 161 oil tankers ...

China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...

Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about US President Donald Trump's renewed ...

Oil prices finished with daily gains on Friday after new sanctions were imposed on Iran's crude exports but prices were down for the week as investors worried about U.S. President ...

The president made verbal and social media peace overtures to Iran — but also directed economic and legal measures to counter ...

A hefty rise in weekly U.S. crude supplies contributed to oil's losses this week. The Energy Information Administration reported Wednesday that commercial crude inventories climbed for a second week ...

Photos obtained by CBC News reveal the extent of the damage to an important oil terminal near Arnold's Cove — and the ...