Reliance Industries is likely to shift back to its traditional Middle Eastern sources for oil if India yields to pressure ...

India turned to purchasing Russian oil sold at a discount after Western countries imposed sanctions on Moscow and shunned its ...

Asian imports of US West Texas Intermediate crude are set to increase due to rising Middle Eastern crude prices, reduced ...

The oil price rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what's at stake. For ...

Oil prices climbed this week as tensions in the Middle East escalated. Iran launched missiles at Israel and the Israelis threatened retaliation, raising the possibility of a disruption to the flow ...

NEW ORLEANS (WVUE) - Oil prices are not oblivious to the tensions between Israel and Iran and the recent bombing of Iran’s nuclear facilities by the U.S. Oil prices have slumped. A barrel of U.S ...

Oil Prices: WTI for December delivery advanced 0.3% to settle at $69.49 a barrel in New York. Brent for January settlement rose 0.4% to settle at $73.10 a barrel.

In August, the Middle East accounted for 44.6% of India’s crude imports, up from 40.3% in July. Iraq, Saudi Arabia, the UAE and Kuwait are the main Middle Eastern suppliers of oil to India.

Stay informed about oil market trends. Read about how easing tensions in the Middle East and rising U.S. crude inventories are impacting oil prices.

Oil prices soared on escalating Middle East tensions, after Israel and Hezbollah exchanged fire over the weekend, prompting concerns about Iran's potential involvement. Market expectations center ...

Oil futures climbed Friday, contributing to a gain for the week, with lingering worries over the potential for a wider Middle East conflict helping to put a floor under crude prices, analysts said ...

The oil price rally, which puts crude futures on track for gains of around 8% week-to-date, has surprised many market observers in that it appears to be somewhat subdued given what's at stake.