Libya typically produces around 1.2 million bpd, with the majority of its crude being exported to international markets.

The implementation of the price cap policy by the US and Western nations in late 2022 has had an impact on the transportation of Russian …

In the US, a decline in new jobless claims provided relief, easing recession fears and supporting oil prices.

Support for oil prices on Wednesday was driven by a significant 3.7 million barrel reduction in US crude inventories, which far exceeded the anticipated draw …

Higher supply from Nigeria and Iran offset the impact of voluntary supply cuts by other members and the wider OPEC+ alliance.

Tamas Varga, an analyst at PVM, noted that stronger fuel refining margins are providing optimism for those anticipating improvements in demand.

These unfolding events in key crude oil-producing regions have amplified concerns in the market over potential supply disruptions.

The voluntary cuts by OPEC+ members amount to reducing the output of crude by around 2.2 million barrels per day (bpd) for the first half …

Various widely tracked companies like ITC, ONGC, IRFC, Ircon International will be releasing their March quarter report cards this week.

The growth of crude oil exporters could be in unison with a contraction of as much as 42% of the global crude oil exports.