News

Lifting US sanctions on Iran could crush China’s 'teapot' oil refineries
The possible lifting of U.S. sanctions on Iran's oil exports could deal a fatal blow to independent Chinese refineries that ...
Global shares slide and US futures and dollar drop after Moody’s downgrade of US credit rating
HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the ...
Goldman Sachs trims oil forecast amid rising Iranian supply expectations
Goldman Sachs sees oil prices under pressure despite global growth, citing Iranian supply owing to the US-Iran nuclear deal, ...
Oil falls after US crude inventories rise
Oil prices eased on Wednesday after government data showed U.S. crude oil stockpiles rose unexpectedly last week, prompting ...
The Financial Express2h
Crude import bill down 17% in April
India’s crude oil import bill fell 17% to $10.8B in April FY26. Russian oil led imports at 40% share due to lower costs.
US Cut Forecast for Oil Output Before Crude’s Latest Plunge
The US cut its forecast for domestic crude production this year even before oil’s latest plunge below $60 a barrel prompted ...
With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline
China has emerged as the top customer for Canadian oil shipped on the expanded Trans Mountain pipeline, ship tracking data ...
The Business Times5d
Crude oil climbs more than US$1.60 a barrel on tariff cuts, economic outlook
HOUSTON] Crude oil futures climbed more than US$1.60 a barrel on Tuesday, lifted by a temporary cut in US-China tariffs and a ...
Anadolu Ajansi4d
US crude oil inventories up by 0.8% for week ending May 9
- In total, companies' combined net profits drop from approximately $259.2 billion in 2023 to $217.65 billion last year ...