Oil Supply

No effect on oil supply to India following attacks on Aramco centres, assures Petroleum Minister Dharmendra Pradhan

Petroleum Minister Dharmendra Pradhan on Tuesday expressed confidence that there will be no effect on oil distribution and supply in the country following attacks on the oil stabilisation centres of Saudi oil giant Aramco

US-Iran tensions present opportunity for Putin to fill leadership vacuum on world stage, prevent arch-rivals from going to war

Considering the good relations between US president Donald Trump and Russian president Vladimir Putin, it is time for the Russian leader to emerge as a hero who could avert a direct confrontation between the US and Iran

Iran's supreme leader Ayatollah Ali Khamenei says US oil sanctions won't go 'without a response'

Iran's foreign ministry said Monday that Iran "did not and does not attach any value or credibility to the waivers given to the sanctions.

Oil falls as supply still adequate despite Iran sanctions; shipment from US may grow by 1.6 million bpd this year

US sanctions against oil exporter Iran were introduced in November 2018, but Washington allowed its largest buyers limited imports of crude for another half-year as an adjustment period.

Petrol close to Rs 70 per litre in Delhi, diesel prices decline; crude oil edges up as market eyes tighter supply

Petrol and diesel prices declined by up to 16 paise and 11 paise respectively after the state-run oil marketing reduced the fuel prices.

Fuel prices rise after a gap of nearly three weeks as crude rates up on hopes of positive outcome in Sino-US trade talks

Crude oil prices jumped on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude.

IEA sees global oil market returning to surplus in early 2017

The agency said demand growth in 2017 is likely to be flat at around 1.3 million barrels per day (bpd), the same level at which it estimates growth for this year, having revised up its May 2016 forecast of 1.2 million bpd