Large Indian refiners are ramping up their purchases of Russian oil, enticed by highly competitive prices. In contrast, Reliance Industries is treading carefully, opting to hold back amid the current geopolitical uncertainties, Bloomberg reports
Browsing: Global Oil Supply
Oil prices dipped as the US sharply criticized India’s newest energy policies, sparking concerns over a potential global supply glut. Market watchers remain on high alert, bracing for volatility amid geopolitical tensions and shifting demand forecasts
The U.S. Energy Information Administration (EIA) has revised its Brent oil price forecast for 2025 and 2026, signaling a more cautious outlook amid fluctuating global demand and production challenges. This adjustment reflects ongoing volatility in the energy market.
Spain’s Oil Imports from Venezuela Surge 60% Ahead of⤠U.S. Sanctions Amid Shifting Global Energy Dynamics In a notable shift…