The U.S. extracts crude oil and has reserves along the Gulf of Mexico, but that won't save you at the pump if there's trouble ...

Oil India Limited has achieved a record 1,202 barrels per day of heavy crude oil production from Jaisalmer's Thar Desert, a ...

Jet fuel prices have nearly doubled in weeks as global supply routes tighten, exposing vulnerabilities in crude-based aviation fuel.

Crude oil cannot be used directly and must go through refining. At refineries, it is separated into petrol, diesel, kerosene ...

The state-run company has increased production by around 70 per cent compared to last year's 705 barrels per day, marking a major milestone in efforts to boost domestic output and strengthen energy ...

China holds an estimated 1.2–1.3 billion barrels of crude in strategic and commercial reserves, enough to cover roughly four months of imports, cushioning it from short-term supply shocks. Beijing has ...

WTI, Brent and Dubai oil are the three major oil benchmarks that serve as reference prices for traders. Meanwhile, the ...

As Australian leaders scramble to secure fuel supplies on the international market, Queensland Premier David Crisafulli has ...

Benchmark Brent oil ​prices jumped above $119 a barrel on Thursday, March 19 after Iran attacked energy facilities across ...

This week, as the US and Israeli war against Iran continued to expand across the Middle East, traders and analysts have been fretting about “Brent” as if he’s an old, wayward friend: “Brent” got the ...

Russia will see revenue from its biggest single oil tax double to $9 billion in April due to the oil and gas crisis triggered ...