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Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

Govt hopes to finalise partners for strategic oil reserves within a...

India's government approved two strategic petroleum reserve sites with a total capacity of 6.5 million tonnes in June.

15 Oct 2018 9:42 AM

Brent crude futures were at $77.99 a barrel at 1345 GMT, down 25 cents.

Crude prices touch 3.5-year high despite Trump's demand

Opec together with a group of non-Opec producers led by Russia started to withhold output in 2017 to prop up the market.

6 July 2018 12:58 AM

Donald Trump (AFP)

Trump wants to use oil crash to fill national stockpile

The president had announced his intention on March 13 to fill the Strategic Petroleum Reserve (SPR) to the brim

21 April 2020 3:40 AM