Higher crude prices typically weigh on oil marketing companies such as HPCL, BPCL, and IOC, as rising input costs can compress margins. Sectors like paints are also impacted, given that nearly 50% of their raw material costs are linked to crude derivatives.

The U.S. is a net exporter of "crude oil and petroleum products," but in the narrower measure of crude oil by itself — which is the most important factor in determining gasoline prices — the U.S. is a net importer.

BofA raises 2026 Brent crude forecast to $77.50 from $61 after Strait of Hormuz disruptions drain 200M barrels. E&P stocks FANG, DVN, OVV get price target boost.

U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?

The Nigerian National Petroleum Company Limited has intensified efforts to ensure a steady crude oil supply to the Dangote Petroleum Refinery as part of

As the flow of the most traded commodity globally gets hit, global crude oil prices are on the rise

Before the war, 40 tankers carrying 20 million barrels of crude oil and refined petroleum products traversed the Strait of Hormuz every day. This week Iran has allowed just a handful of tankers to slip through Hormuz,

The Petroleum Ministry confirms no crude oil shortage and stable fuel supply in India, with refineries at full capacity. Vessels carrying LPG and crude are arriving safely, while diplomatic talks with Iran are ongoing to secure key shipping routes.