In the 2023-24 fiscal year, BPC imported approximately 13 lakh tonnes of crude oil to meet national demand, which currently stands at around 65 to 70 lakh tonnes annually. ERL can refine up to 15 lakh ...

UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world's largest crude importer.

Shares are set to open higher. US stocks struggle. ASX files defence in ASIC proceedings. Sohn Australia Conference kicks off ...

Ukraine can expect billions more in aid along with increased sanctions targeting sea vessels carrying oil and gas originating in Russia.

A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

NMDPRA approves additional 3.5 billion litres for December There has been a rise in petrol importation by marketers in ...

Oil prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

TEXAS (KAUZ) - According to AAA Texas, the statewide gas price average in Texas is $2.69 per gallon for regular unleaded fuel ...

Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...

U.S. gasoline inventories fell to their lowest levels in two years as fuel supplies drew down unexpectedly last week amid ...