By Monday afternoon, the price of a barrel of benchmark U.S. oil was down 6.1% at $69.34. Brent crude, the international standard, dropped 5.3% to $71.50 per barrel.

Oil settles up 7% as Israel, Iran trade air strikes Commodities Published 06/12/2025, 08:48 PM Updated 06/13/2025, 07:26 PM ...

Indian Oil Corp plans to shut its 300,000 barrels-per-day diesel desulphuriser unit at its Panipat refinery for an upgrade ...

Dr Esmond Birnie said it is now “quite likely” the Iranian retaliation against the US air strikes over the weekend, will push the wholesale price of crude oil above $100 per barrel.

India is planning to build three new strategic petroleum reserve sites to strengthen its energy security and meet the ...

India is exploring building three new strategic oil reserves to boost its emergency stockpile and strengthen energy security, ...

Indian refiners' throughput saw a slight increase of 0.4% year-on-year in May, reaching 5.47 million barrels per day, driven by strong domestic fuel demand. Despite record-high crude oil imports ...

Oil prices could surge to $120 per barrel if the Israel-Iran conflict disrupts supply through the Strait of Hormuz, where almost a third of global seaborne oil trade flows daily.

Analysts at Goldman Sachs Group Inc. raised their oil price forecasts for the coming months by $2-$3 a barrel, but laid out possible scenarios ranging from a surge in prices above $100 a barrel in ...

The initial round of Israeli attacks sent oil prices 7 percent higher on Friday. Still, at about $74 a barrel, Brent crude remains below the $80 average for 2024, the Deutsche Bank analysts wrote.