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India's Crude Oil Imports From Russia Hit Lowest Level Since January 2023 - Here's Why

In December, India witnessed a significant drop in crude oil imports from its primary source, Russia, reaching the lowest level since January 2023. The decline, attributed to payment challenges amidst escalating sanctions, prevented the delivery of six Sokol grade oil tankers, as reported by data intelligence firm Kpler., Economy News, Times Now ....

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U.S. Crude Inventories Dive By 4.210 Million Barrels, API Reports

The American Petroleum Institute reports a significant drawdown in U.S. crude inventories, while product inventories, including gasoline and distillate, see a build, amidst fluctuating oil prices. ....

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OPEC+ On Alert As World Bank Slashes China's Growth Forecasts

The UAE Minister of Energy expresses concerns about long-term undersupply of cru ....

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U.S. To Lose 2.5M BPD In Refining Capacity This Maintenance Season

Fall refinery maintenance in the United States will see almost 2.5 million barrels per day of capacity taken offline. ....

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BRICS Nations Surge Ahead In Nuclear Energy Commitment

China is leading the global commitment to nuclear power, with several countries, including BRICS members, also making significant investments in new reactors. ....

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