Crude oil futures jumped after Iran said it is suspending cooperation with the International Atomic Energy Agency, returning ...

Illinois was a top-10 oil producing state from 1941 to 1945, producing 470 million barrels of oil, or 6% of overall U.S. production.

Billions of dollars were laundered after being misappropriated from 1MDB and used to fund luxury purchases for financier Jho Low and then-Malaysian prime minister Najib Razak. Infamously, some of the ...

Oil surged on Wednesday amid escalating friction between Iran and Israel, with Brent crude topping $76.60 and West Texas Intermediate reaching roughly $75.10 a barrel. Market momentum was powered by ...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has announced plans to start issuing import ...

As a net importer of crude, India faces mounting risks from rising oil prices — with potential implications for its economy, currency, and markets. As tensions escalate in the Middle East, here are ...

According to the Petroleum Planning & Analysis Cell (PPAC), India’s import dependency of crude oil, on POL (Petroleum, Oil & Lubricants) basis rose to its highest on record at 90.6 per cent in ...

Goldman Sachs estimates a geopolitical premium of approximately $10 per barrel on Brent crude, though it suggests oil could exceed $90 if Iranian supply is disrupted. The bank's base-case scenario ...

On Thursday, Russia’s chief oil official advocated for OPEC+ oil producers to move forward with their scheduled output increase, citing an anticipated rise in summer demand. “To ensure and ...

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.

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