A report by the State Bank of India (SBI) said India could consider buying oil from Iraq, its top supplier before the Ukraine ...

India could see a significant rise in its crude oil import bill, up by USD 9-12 billion, if it ceases importing Russian oil ...

India's reliance on Russian oil has increased dramatically, reaching 35-40% of total imports, leading to US tariffs and ...

September WTI crude oil (CLU25) on Tuesday closed up +2.50 (+3.75%), and September RBOB gasoline (RBU25) closed up +0.0738 ...

The energy sector is dragging down the S&P 500’s Q2 earnings, with a projected -24% YoY profit drop due to lower oil prices.

Oil traders widely expect the Organization of the Petroleum Exporting Countries and its allies (OPEC+) to approve another significant oil ...

Russia currently provides 10% of the world’s crude supply. If multiple countries stop buying from Russia at once, crude oil ...

President Trump accused India of aiding Moscow’s war on Ukraine by purchasing Russian energy, derailing trade talks between ...

Oil prices are influenced by a complex interplay of supply, demand, and geopolitical events, not solely by OPEC or U.S. presidents.

India drastically increased its import of Russian oil after the Kremlin invaded Ukraine in 2022, while many other countries ...

India has bought a nearly constant flow of Russian oil for the past two years. Prices fluctuated, but each year’s sales have ...

The SBI report also highlighted that while the potential increase in the import bill is significant, India’s diversified ...