oil

Crackdown on Iranian fuel smuggling and price cuts drive 15% YoY growth to 1.58m tonnes

Fire at one tank was quickly extinguished but 82 firefighters tried to put out fires at the other two tanks

Gasoline demand in US, the world's biggest oil consumer, expected to ramp up as the summer travel season picks up

Widening war in the Middle East could draw in countries like Iran, one of the top oil exporters in the region

Currency has largely remained stable as it continued to move in range of Rs278-278.50/$ over the past several weeks

Worries over slow demand growth in top oil importer China have weighed on prices

Oil set for weekly loss as markets worry about demand

US WTI crude gained 83 cents, or 1.1%, to $80.06. For the week, Brent gained about 1%

29 projects aim to develop reserves, attract investments

Companies call on govt to waive 15% extra royalty on ageing fields

MPCL says Shawal-1 well yielding 1,040 barrels of oil and 2.5 cubic feet of natural gas daily

Iran’s downplaying of Israeli attack brings relief to market

Oil benchmarks had risen on Friday in anticipation of Iran’s retaliatory assault

Iran’s retaliation concern pushes oil prices to near six-month high

Court rules Frontier Holdings Limited must bear arbitration costs, set at $250,000

Iraq owes Turkey payments as long as the pipeline is technically operational

Estimates show mixed trend in movement of petroleum product prices

Recent data emanating from China has suggested weakening demand

Russia’s decision to cut oil output and exports surprises analysts

HSD rates hold steady as oil market volatility continues

Indications of healthy fuel demand, supply concerns could revive prices

Halt in oil expansion plan to reach net zero emissions by 2060

Amid persistent tensions in Middle East after Israel rejected ceasefire offer

Move aims to streamline trade processes, involves amendments to Customs Rules, 2001

US pledge to continue air strikes in ME keeps tensions high

Company head believes new OPEC+ supply cuts will balance market

Geopolitical tensions in Middle East remained in focus

Sign agreements with govt for eight exploration blocks

Govt awards new blocks to ramp up exploration activities

Surprise jump in US crude stockpiles raises worries about demand in largest oil market

Maersk announced it will divert all vessels away from Red Sea for foreseeable future

Low fuel demand, large inventory increases in data from the US Energy Information Administration weighed on prices

Petroleum consumption dips 7% to 1.24m tons in December

Oil climbed after falling 3% previous day as more shipping firms prepared to transit Red Sea route

Attacks at commercial shipping force shippers to take longer routes

Angola’s decision to leave OPEC raises questions over group’s effectiveness in supporting prices

Angola’s oil production is around 1.1 million bpd.

Houthis have vowed to defy US-led naval mission and keep hitting Israeli targets in region.

Businessmen ask govt to ensure benefits of lower fuel prices reach common man

Shell restarted efforts to sell the stake earlier this year after the German government put the local units of Rosneft

Drop comes as manufacturing survey shows third month of declines in new orders

Riyadh, Moscow call for all OPEC+ members to join output cuts

Latest uptick came after Saudi Arabia slashed price of its flagship Arab Light crude for Asian buyers

Bigger-than-expected rise sparks concerns over demand

Submit bids for only 6 out of 10 onshore blocks offered

Crude benchmarks on track to post weekly gains

Shrugs off US oil stockbuild on worries of extended supply cut

Brent crude futures were up $2.07, or 2.6%, at $82.05 a barrel by 1801 GMT

Moscow reluctant to agree on $60 price cap; delegation arriving for talks

Arabs in the MENA region should leverage their oil wealth in the Gaza-Israel War to call for a ceasefire