Prime Minister Shehbaz Sharif has urged the implementation of stringent measures to curb petrol smuggling in Pakistan, following a significant rise in the country’s petroleum sales. Chairing a review meeting…
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The U.S. Energy Information Administration (EIA) has released its weekly petroleum data, showing an increase in crude oil refinery inputs and a notable decrease in commercial crude oil inventories for…
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Brent crude oil prices closed below the key $73.00 mark, signaling a potential continuation of the bearish trend. The price is expected to test the $72.06 level, with a break…
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The United States has imposed sanctions on 35 entities and vessels, including two Indian companies, over their involvement in transporting Iranian oil to various countries. The U.S. Department of the…
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Oil marketing companies (OMCs) in India update petrol and diesel prices every day at 6 a.m., keeping consumers informed despite the volatility in global markets. These daily revisions align with…
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A consortium of global energy giants, including American supermajor Chevron, French oil company TotalEnergies, Italy’s ENI, and British explorer BP—now incorporated into the independent entity Azule Energy—has signed a landmark…
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OPEC+ is grappling with a complex dilemma as it convenes this week to discuss the future of its production cuts. The alliance, which includes both OPEC and non-OPEC oil producers,…
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Brent crude oil prices saw a significant surge yesterday, breaking the $73.90 mark and closing above it, setting the stage for further gains in the coming sessions. Analysts are now…
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TFG Marine, the joint venture between Trafigura Group Pte, Frontline, and Golden Ocean, announced on Monday, December 2, the successful completion of its acquisition of a majority stake in Spanish…
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Oil marketing companies (OMCs) in India update petrol and diesel prices daily at 6 a.m. to maintain transparency amidst the volatile nature of these essential commodities. These price revisions reflect…