Saudi Arabia is the world's largest exporter of crude oil and India's second-biggest source after Iraq
16 Jul 2021 3:52 PM
Investors remained wary of rising refined product inventories at a time when US bankers said rise in cases was slowing the economic recovery
06 Aug 2020 9:01 AM
The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd to global supply
30 Jul 2020 8:56 AM
Inventories of crude oil in the US dropped by 6.8 million barrels last week to 531 million barrels
29 Jul 2020 9:12 AM
The US dollar dropped to its lowest in nearly two years against a basket of six other major currencies on back of a surge in US virus cases
28 Jul 2020 9:02 AM
Oil demand has improved somewhat from the deep trough of the second quarter, supporting prices, although the recovery path is uneven
27 Jul 2020 2:21 PM
Imports from Saudi Arabia rose to 8.88 million tonnes or 2.16 million bpd in June
26 Jul 2020 4:17 PM
Prices have been marking time since hitting a four-month high earlier in the week on hopeful news about a coronavirus vaccine
23 Jul 2020 9:08 AM
Industry group American Petroleum Institute reported U.S. crude inventories rose last week by 7.5 million barrels
22 Jul 2020 8:44 AM
In the first big energy deal since COVID-19, Chevron said it would buy oil and gas producer Noble Energy Inc for about $5 billion in stock
21 Jul 2020 9:03 AM
In the US, energy drillers cut the number of oil and natural gas rigs operating to a record for an 11th week in a row
20 Jul 2020 8:05 AM
The two benchmark contracts fell 1% on Thursday after OPEC+ agreed to trim record supply cuts of 9.7 million barrels per day
17 Jul 2020 8:49 AM
OPEC+ agreed on Wednesday to scale back oil production cuts from August as the global economy slowly recovers from the coronavirus pandemic
16 Jul 2020 8:53 AM
The market will be watching next move from OPEC+ whose Joint Monitoring Committee will meet on Wednesday to recommend next level of cuts
14 Jul 2020 11:34 AM
Oil prices have recovered sharply in April after OPEC+ cut output by a record 9.7 million barrels per day for three months since May
13 Jul 2020 9:02 AM
The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week
07 Jul 2020 9:04 AM
The EIA data showed that gasoline imports hit the highest level since last August and peaked the most on a seasonal basis in nine years
02 Jul 2020 10:30 AM
Japan reported industrial output for May fell 8.4% in May from the previous month, compared with market forecasts for a 5.6% decline
30 Jun 2020 8:54 AM
Even as higher oil prices prompt producers to resume drilling, number of operating oil and natural gas rigs dropped to record low last week
29 Jun 2020 8:50 AM
The prospect of increased US crude production also kept a lid on gains on Friday
26 Jun 2020 9:25 AM