Crude oil futures drop as API reports US inventory increase, while market anticipates impact of potential trade tariffs.

HDFC Securities has issued a reduce call on Indian Oil Corporation (IOC) with a target price of Rs 124 due to margin ...

Ampol's fourth-quarter 2024 Lytton refiner margin was 56% below the previous corresponding period at USD 4.60 per barrel. The refined fuel retailer is guiding for underlying 2024 EBIT and EBITDA of ...

“The Gulf is critical for American energy security – 15% of our oil [and] 5% of our natural gas comes from the Gulf," said ...

Oil prices steadied on Wednesday as investors weighed the impact of potential U.S. tariffs on Canadian and Mexican imports, ...

Oil futures were little changed in early Asian trade. Signs of stronger oil supply were offset by a broader risk-on tone across markets, the ANZ Research team said.

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has said the issuance of gas distribution ...

U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...

Oil prices settled up on Tuesday, bouncing back from multi-week lows, after the White House reaffirmed U.S. President Donald ...

American Petroleum Institute reportedly shows a build of 2.86M barrels of oil in U.S. commercial stockpiles for the week ending January 24.

In 2024, crude oil inventories dropped by more than 12 million barrels, according to the API’s inventory data, with the downward trend continuing beyond the new year.

Crude and gasoline inventories saw moderate increases while middle distillate inventories saw a strong draw last week ...