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Despite large U.S. inventory draws, including a 5.8 million barrel EIA-reported decline, oil prices remained under pressure as markets focused on the bigger oversupply narrative.

Manama, June 29 (BNA): Field Marshal Shaikh Khalifa bin Ahmed Al Khalifa, Commander-in-Chief of the Bahrain Defence Force (BDF), paid an inspection visit to one of the Bahrain Defence Force units. The ...

As of 24 June, the Indian crude basket was priced at $68.83 per barrel. The average so far this month stands at $70.09 per barrel—up from $64.04 in May, though still below the January 2025 ...

The gauges showed that the volume of oil exiting the pipeline was less than the amount entering, with the output eventually dropping to zero around 12:30 a.m. the next morning.

NTSB says company failed to shut down oil pipeline for nearly 13 hours after pressure dropped by: JOSH FUNK, Associated Press Posted: Jun 26, 2025 / 02:40 PM MDT Updated: Jun 26, 2025 / 02:46 PM MDT ...

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Oil prices edged up on Friday following US President Donald Trump's announcement of a trade deal with China and renewed pressure on Federal Reserve (Fed) Chair Jerome Powell to cut interest rates.

The lube oil system is one of the critical systems for rotating machinery that requires forced lubrication. Insufficient oil pressure and flow can cause significant damage to these machines. Despite ...