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Global Oil Supply Buffer Running Scarily Thin,' Aramco CEO Says

Gulf producers are working to ramp up production and exports and have succeeded in boosting crude flows to near pre-war levels.

L&T bags ₹10,000-15,000 crore orders in India, Gulf

Saudis Slash Oil Prices to Asia in Battle for Market Share

Saudi Aramco has cut prices for its benchmark oil grade to Asia to a six-year low as Persian Gulf producers race for market share with flows through the Strait of Hormuz increasing.

Oil prices ease slightly as G7 and Middle East crude supplies set to hit market

Oil prices saw a modest decline as fresh shipments from the Middle East hit the market. The G7's move to tap into emergency reserves reflects growing energy apprehensions. Nevertheless, the crude oil market stays turbulent, as conflicts in the Gulf region persist. Notably, Yemen's Saudi-backed government has initiated…

US-Iran War Live Updates: Iran warns new war would ‘engulf everyone’, rejects IAEA nuclear claim