The decline in net profit can be attributed to a crash in average gross refining margins (GRMs)—the revenue refiners accrue from transforming each barrel of crude oil into refined fuel products. IOCL ...

Oil settled higher the first two sessions this week as buyers emerged. U.S. crude inventories rose by 5.5 million barrels to 426 million barrels in the week ended Oct. 18, the Energy Information ...

Brent crude futures dipped 31 cents, or 0.4 per cent, to $75.73 a barrel by 0011 GMT. U.S. West Texas Intermediate crude futures shed 32 cents, or 0.5 per cent, to $71.42 per barrel. Crude futures ...

According to industry body American Petroleum Institute (API), crude oil inventories in the US increased by 1.64 million barrels for the week ended October 18. Market was expecting it to increase ...

At the same time, power sector demand was slipping. At an estimated 32.8 Bcf/d, Wednesday, utility sector demand was off the recent seven-day average of 33.0 Bcf/d. Power sector demand was ...

Brent crude futures for December delivery were at $42.93 a barrel, down 23 cents, or 0.5%, as of 0332 GMT, while December U.S. West Texas Intermediate (WTI) crude futures slipped 20 cents, or 0.5%, to ...

McDonald’s issues statement after Trump campaign stop at Pa. location 6 Cars You Should Buy Now Before Prices Skyrocket in 2025 Angel Reese: My $73,000 WNBA salary can't cover my bills—'I'm ...

Weekly EIA data showed a rather large drop in ethanol production of 55,000 barrels per day during the week that ended on September 20 to 994,000 barrels per day. That was the lowest production ...