Processors will have to pay more for their feedstock, but a global oversupply should provide plenty of options.

Indian state-run refiner HPCL states it does not need Russian crude due to economic unviability, as US sanctions on major ...

HPCL, in an exchange filing, said its Mumbai refinery encountered operational issues, including corrosion in downstream units, after processing crude oil sourced from HOECL’s B-80 Mumbai Offshore oil ...

India’s refiners are rushing to buy U.S., Iraqi, and UAE crude to offset losses from new sanctions on Russian oil exports.

The US exported a total of 568,000 barrels per day of crude oil to India in October, which is the highest since March 2021.

Oil futures extended losses Thursday, giving up early gains made after President Trump said India will in time stop buying oil from Russia, as market concerns about oversupply remain a burden on ...

Oil prices have plunged to multi-year lows. Macroeconomic concerns have hit demand forecasts at a time when supply has been robust. That could be good news for borrowing costs, with the 10-year yield ...