Commodity

India’s oil imports surge to $10.91 billion in September

MUMBAI (Reuters) – India’s crude oil imports in September touched $ 10.91 billion, up 33.6 percent from a year ago,

Saudi to meet India’s oil demand, absorb supply shocks – Falih

NEW DELHI (Reuters) – Saudi Arabia is committed to meeting India’s rising oil demand and is the “shock absorber” for

Oil market is balanced, says Qatar energy minister

DUBAI (Reuters) – The oil market is balanced in terms of supply and demand, Qatar’s Energy Minister Mohammed al-Sada said

U.S. oil exports fall as India turns to Iran ahead of sanctions

HOUSTON (Reuters) – Indian buyers reduced U.S. crude purchases and loaded up on Iranian oil ahead of the restart of

How the world’s oil refiners plan to grapple with their fuel oil output after 2020

SINGAPORE/TOKYO/LONDON (Reuters) – High-sulphur fuel oil (HSFO), essentially the leftovers of an oil refiner’s output, will still flow from refineries

Rising oil prices catch emerging economies at a vulnerable moment

OIL prices have a knack of jumping at the most inconvenient times. As in 2007, for instance, when the price

Global Markets: Oil above $80 lifts stocks, offsets trade and bond market chill

LONDON (Reuters) – European shares rose and Wall Street was set for a stronger open on Tuesday, as oil above

Barrick is buying Randgold to create the world’s top gold miner

The gold industry has a new king. Canada’s Barrick Gold (ABX) is buying rival Randgold (GOLD) to create the world’s

Oil could rise to $100 by 2019 as global markets tighten, merchants warn

SINGAPORE (Reuters) – Oil prices could rise towards $ 100 per barrel towards the end of the year or by

America is now the world’s largest oil producer

Move over Russia and Saudi Arabia. America has reclaimed its throne atop the oil world. For the first time since