The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell this week, shrinking by 4.2 million barrels in the week ending August 1.

Crude futures extended losses. OPEC+ plans for higher output have raised concerns of oversupply while India pushes back against U.S. tariff threats over its Russian oil purchases.

Aggressive sanctions policy from Western powers could be driving dark fleet growth, BRS Shipbrokers argues. The broker said, ...

The US president threatened to "substantially" raise tariffs against India over its purchase of oil from Russia.

The FTSE 100 index fell 0.7% on Friday but is expected to show a recovery in today’s session, with futures pointing to a rise ...

FTSE 100 futures are up 0.4% as equity markets are set to extend a rebound into a second day. The pound is down a touch ...

New Delhi lambasts US and EU saying ‘very nations criticising India are themselves indulging in trade with Russia’ ...

Asian shares advanced on Tuesday, following U.S. stocks higher after they won back most of their sharp loss from last week.