India has increased the basic import tax on crude and refined edible oils by 20 percentage points to support local oilseed farmers. This change will raise the total import duty on these oils, ...

NEW YORK, Sept 13 (Reuters) - Oil prices fell on Friday as U.S. Gulf of Mexico crude production resumed following Hurricane Francine and rising data showed a weekly rise in U.S. rig count.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oil-rich nations are making a concerted effort to slow progress on a landmark UN climate agreement to end ...

Swifties managed to clock the star revealing her go-to fragrance brand. A fan on X (formerly Twitter) shared a video of the pop star hanging out with drag queen Xunami Muse, who seemingly asked ...

What is the current oil price today? WTI futures traded at $68.04 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 7.35%. Brent futures traded at $71.28/bbl, an increase of 1.64% ...

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. World consumption increased by 800,000 ...

A rapid slowdown in Chinese oil-demand growth is driving down global consumption, reinforcing expectations that demand will peak by the end of the decade, the International Energy Agency said.

The descent that saw prices for Brent crude drop below US$70 for the first time in three years was driven mainly by concerns about demand after the world’s top two oil consumers, China and the United ...

Shares of state-owned oil and gas heavyweights Oil India and ONGC have witnessed sustained selling in the recent past, in sync with BSE Oil & Gas Index, amid sharp decline in crude oil prices. Though ...

Investopedia / Julie Bang Crude oil futures slipped to multi-month lows Tuesday as OPEC cut its 2024 forecast, citing weakness in demand from China. Brent crude futures fell more than 4% Tuesday ...

Oil prices plunged on Tuesday to hit their lowest level since December 2021. Prices for brent crude, the international benchmark, fell 4% on Tuesday to $68.99 a barrel, representing a significant ...

Plunging oil prices helped drive Russia's revenues from crude sales to the lowest since February, highlighting the challenges Moscow faces from a weakening global market. The price slump sent ...