The central government is considering cutting fuel prices as crude oil prices fall to a nine-month low, top government sources told Business Today TV. Oil prices have plummeted to their lowest ...

The decline in oil prices since Jan led to positive marketing margins for the fuel retailers. Oil prices slumped to their lowest since Jan, boosting profitability of fuel marketing companies and ...

Crude oil exports from Iraq were reduced to around 3.3 million barrels daily last month in a boost to the country’s compliance with OPEC+ supply curbs. This was down from 3.48 million barrels ...

"OPEC+ extends oil output cut agreement for two more months" was originally created and published by Offshore Technology, a GlobalData owned brand.

The decision was declared following a virtual meeting that grouped oil and energy ministers and officials of Saudi Arabia, Russia, Iraq, the UAE, the State of Kuwait, the Republic of kazakhistan ...

Saudi Arabia may cut October crude prices to Asia by 50-70 cents per barrel due to weak refining margins in China and increased OPEC+ supply. Top oil exporter Saudi Arabia is expected to cut ...

Raising the windfall tax on the UK's oil and gas companies will hit the government's main goal of growing the economy, the industry has said. Offshore Energies UK (OEUK) said the planned hike ...

The government has cut windfall tax on domestically-produced crude oil to Rs 1,850 per tonne, from Rs 2,100 per tonne with effect from Saturday. The tax is levied in the form of Special Additional ...

Shell Plc is set to cut around 20% of its workforce in some oil and gas exploration and development divisions as Chief Executive Officer Wael Sawan works to boost efficiency and profitability. It ...

Shell plans to scale back its oil and gas exploration and development workforce by 20% as CEO Wael Sawan widens his cost-saving drive to the highly profitable division after deep cuts in renewables ...

Rodela Romero, director of the Department of Energy’s (DOE) Oil Industry Management Bureau, attributed the lower prices to the weak global demand, which “makes the market bearish.” ...

Rising consumption of liquid fuels in India, which is expected to touch 6.6 million barrels per day (mb/d) by 2028, and declining crude oil exports from West Asia due to production cuts by the ...