Indian refiners shun Russian oil, eye US trade deal
Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that…
India, U.S. Seal Trade Deal on Oil, Defence, Planes; Farm Sector Partly Open
India has agreed to buy petroleum, defence goods, and aircraft from the U.S., while partly opening up its highly-guarded agriculture sector under a trade deal, according to a government official,…
Oil steady after 2% jump as supply worries persist
Singapore: Oil prices were little changed on Monday after climbing more than 2% in the previous session, as supply concerns kept a lid on benchmarks despite production disruptions in major…
JPMorgan Poised to Gain as U.S. Reopens Door to Venezuela Oil
New York/Houston: The U.S. involvement in Venezuela's oil sector offers a potential opportunity for international banks, with JPMorgan Chase in an advantageous spot due to its history in the country…
Oil jumps over $1 as Ukraine peace talks clash with Middle East supply fears
Oil prices rose by more than $1 on Monday as investors weighed talks between the U.S. and Ukrainian presidents on a possible deal to end the war in Ukraine against…
Oil falls over 2% on global supply glut fears, Ukraine peace talks in focus
Oil prices settled more than 2% lower on Friday as investors weighed a looming global supply glut, while also keeping an eye on a potential Ukraine peace deal ahead of…
Oil jumps after U.S. intercepts Venezuelan oil tanker
Oil prices climbed in early trade on Monday after the U.S. intercepted an oil tanker off the coast of Venezuela in international waters. Brent crude futures rose 44 cents, or…
Oil rises as U.S.–Venezuela tensions spark supply fears despite oversupply concerns
Oil prices climbed on Monday as supply disruptions linked to escalating U.S.-Venezuela tensions outweighed oversupply worries and the impact of a potential Russia-Ukraine peace deal. Brent crude futures were up…