Brazil targets 400,000-Barrel daily refining capacity by 2030

Petrobras President Magda Chambriard announced on Tuesday that Brazil intends to expand its national oil-refining...

India continues to buy “huge quantities of Russian feedstock”

"If we look at October statistics, India continues buying huge quantities of Russian feedstock. Approximately at the...

  OPEC+ countries agree production adjustment

The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023,...

Minister Hardeep Puri highlights global oil supply stability

During an interaction with media in New Delhi on Thursday, he explained, "All concerned with is that the major...

Crude jitters: Stocks dip as global prices react to ME tensions

With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz,...

Commodity watch: Global trends unveiled

In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates,...

India's Russian crude imports prevented price surge in oil

The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal...

India’s October oil demand rises 1.6% MoM: Report

Overall, India's oil demand is expected to grow by 258,000 barrels per day in 2023, revised higher by 9,000 bpd from...

S&P Global Commodity Insights revises India daily fuel demand

S&P Global Commodity Insights said oil demand in India is expected to grow by 249,000 barrels per day in 2023,...

"Russia's oil exports hit 3-yr-high in Mar, revenues up USD 1 bn"

Russia's supplies by sea grew by 0.6 million barrels per day to 8.1 mn barrels per day, the agency said, adding...

OPEC Plus announces oil output cuts of around 1.16 mbpd

Riyadh, Saudi Arabia's capital and main financial hub said it would cut output by 500,000 barrels per day, or...

Iranian govt increases oil sales to China despite sanctions

According to VOA, Iran does not publish statistics about its oil sales, but analysts say Tehran has increased oil...