The price of Russia's Urals crude has plunged to its lowest in nearly three years, hitting $36 per barrel, as new U.S.

Russia is offering discounts of up to $23 per barrel before the US president’s measures on its two major oil companies take ...

Oil prices fell on Wednesday, with Brent crude falling near $60 per barrel (~4 percent) before rebounding back to $62 at the ...

The price increase in 2027, according to the report, reflects a projected rebalancing of the oil market, as low prices in ...

However, sentiment remained broadly bearish, with expectations of a supply glut extending into late 2025 and 2026 on rising ...

Crude oil prices on Friday declined Rs 82 to Rs 5,181 per barrel in futures trade tracking weakness in global markets as a ...

Crude oil prices have fallen sharply, Nadir Belbarka, an analyst at XMArabia, said in a statement sent to Rigzone on Friday.

Oil production is running at full capacity. In other words, every oil-producing nation is focused on maximizing output for production and export, regardless of its impact on prices. Any increase in ...

Oil Marketing Companies (OMCs) are forecast to see their operating profit increase over 50% to $18–20 per barrel this fiscal ...

Oil marketing companies (OMCs) are poised for a sharp rebound, with operating profits expected to surge more than 50 per cent to USD 18-20 per barrel this fiscal year, driven by stronger marketing ...

Crisil Ratings forecasts a significant rebound for oil marketing companies (OMCs) with operating profits expected to rise ...