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Crude Oil - Ukrainian attacks push Russian oil output 10% below target in May, IEA says
Russian crude oil production dropped around 5% year-on-year last month to 8.7 million barrels per day, 10% below May's target, due to Ukrainian strikes on its energy infrastructure ...
Lower crude eases inflation risks, but economists still see RBI rate hikes on the table
While economists agree that lower oil prices are a positive development for the economy, most believe it is too early to declare victory on inflation given the uncertainty surrounding weather ...
Japan's May crude import price hits record high in yen terms amid Mideast war
Japan's crude oil import price hit a record high in yen terms in May, surpassing April levels, Ministry of Finance data showed on Wednesday, driven by a surge in crude prices resulting from supply ...
Two oil tankers start loading 4 million barrels of Iraqi crude as Hormuz reopens
A source at the GCPI reported on Tuesday that two oil tankers are being loaded with four million barrels of Iraqi crude.
Crude oil prices fall from $126 to $76: Transportation costs, rupee to ease
Crude oil prices have decreased significantly, falling to approximately $76 per barrel from a peak of $126 during the Iran War, marking a near three-month low.