"We have seen a 25% improvement over the last few years in rig efficiency, but the rig count has fallen over 30% over that ...

India requires a balanced crude oil import strategy, comprising roughly 60% medium, 30% light, and 10% heavy crude oil grades ...

SOMO revealed on Wednesday that crude oil exports to Jordan surpassed 1.8 million barrels in the first half of 2025.

Oil prices extended gains, supported by reports of a larger-than-expected U.S. crude inventory draw and Trump’s tariff threats against buyers of Russian energy.

Oil markets saw a modest uptick during Wednesday’s Asian trading hours, clawing back slightly after hitting a five-week low in the previous session. The prospect of enhanced U.S. sanctions against ...

Exxon Stock Slips After Earnings. The CEO Might Have Spooked Investors. Second-quarter earnings of $1.64 a share at the oil giant top analysts' estimates. The solar energy company posted ...

The price of gasoline in New York stands at $3.13 per gallon, unchanged from last week’s average, and the national average has increased, for a second week, up 1.2 cents from a week ago standing at $3 ...

Geopolitical tensions, such as U.S. pressure on countries like India to stop buying Russian oil, could lead to further ...

Oil prices slipped on Tuesday as rising OPEC+ supply and worries of weaker global demand countered concern about U.S.

Crude futures extended their losing streak to four sessions with the market focused on OPEC+ production plans and playing down the U.S. threat of sanctions against buyers of Russian oil.

India’s foreign ministry said in a statement that “the targeting of India is unjustified and unreasonable.” The ministry ...

Over the weekend, eight OPEC+ members agreed to raise the group's production by 547,000 b/d in September for a fifth-straight monthly increase in the oil cartel's output. That is on track to ...