India's Russian oil imports declined in July after jumping the previous month as some refiners slowed purchases due to smaller discounts, while Indian fuel demand also typically dips during the monsoon season,

Angshu Mallick, MD & CEO of AWL Agri, discusses India’s edible oil outlook ahead of the festive season, highlighting stable supplies, rural demand revival, and the growing role of mustard oil in self-sufficiency efforts.

Oil prices are lower this morning following Trump-Zelensky talks, with focus now turning to a possible meeting between the Ukrainian leader and Russian President Putin. Read more here.

U.S. Treasury Secretary Scott Bessent on Tuesday accused India of profiteering from its sharply increased purchases of Russian oil during the war in Ukraine, saying Washington viewed the situation as unacceptable.

Plentiful supply and weak demand has helped bring down fuel prices, which President Trump has often cited as a measure of his success.

The price of crude oil dropped to $62.46 a barrel Monday morning, part of a downward trend that some analysts say could continue into next year. The lower cost may be a sign of a global economic slowdown,

Most stock markets in the Gulf were restrained on Tuesday as oil prices fell and investors awaited signals from the U.S. Federal Reserve’s annual Jackson Hole conference later this week.

It is lashing out at the world’s leading energy organization for saying oil and gas use could start declining as the world pivots to cleaner alternatives.

Oil swung between gains and losses as traders awaited a meeting between Presidents Donald Trump and Volodymyr Zelenskiy, with the Ukrainian leader facing US pressure to agree to ceding territory to Russia.

By Fransiska Nangoy and Jeslyn Lerh JAKARTA/SINGAPORE (Reuters) -Indonesia plans to build a network of small modular refineries to process U.S. and domestic oil, aiming to reduce gasoline imports, but analysts warn the switch in strategy from large-scale refining facilities could prove uneconomical.

Shark fishing regulations introduced three years ago that ban recreational fishing for most species in Bermudian waters are killing a long-held tradition: shark oil barometers. Years ago, hurricane