Oil traders hold a record position in a contract that lets them bet on the price difference between Middle Eastern crude and ...

According to the International Renewable Energy Agency (Irena), the Middle East has less than 1 per cent of the world’s ...

Indian Oil Corp (IOC) , the country's top refiner, has bought 7 million barrels of spot Middle Eastern and African crude oil via tenders, including a rare purchase of Abu Dhabi's Murban, as U.S.

Oil traders are making big moves in the Brent-Dubai spread, a contract that lets them bet on the price gap between Middle Eastern crude and global benchmark Brent. The action has hit record levels ...

Amid the fresh sanction warnings from US on Russia, Indian oil refiners are exploring all available options to replace ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets. The lack of variety and volume in Middle Eastern benchmarks, such as Dubai ...

Industry officials maintain that enough oil supply is available in the global market and replacing the lost Russian oil ...

Russian oil accounted for more than a third of India's imports last year, but US sanctions are tightening supply, pushing the ...

Dubai Hedge funds are recalibrating their positions in the oil market as geopolitical tensions in the Middle East introduce new uncertainties. The recent escalation of conflicts, particularly ...

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