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India scrambles to reduce oil bill inflated by sinking rupee

The oil minister is grasping at desperate measures to cut the country's oil costs by nearly $20 billion after the rupee's slide to record lows has left India facing an oil bill potentially 50......

Iran crude exports rise to highest since EU sanctions

Iran's crude oil exports in December leapt to their highest level since European Union sanctions took effect last July, analysts and shipping sources said, as strong Chinese demand and tanker fleet......
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Oil Traders See Glimmer of Profit Ahead in Storing Crude at Sea

05-08-2016 profit from floating storage. But with front-month futures sliding since early June and tumbling into a bear market this month amid... ...
Oil down again, heads for weekly loss as glut fears persist

By Barani Krishnan NEW YORK (Reuters) - Oil prices were on track to a weekly loss, with Brent hitting two-month lows on Friday, weighed by... ...;_ylt=AwrHgaecPZJXcnMA0AE5UblG;_ylu=X3oDMTQ3cmxtNDAwBG1pdANtaXhlZCBsaXN0IG5ld3MEcGtnA2Y3YWNkYzFiLTlmNjYtM2UxYi1iMjgxLTI5NDdiZWJjZGQwOARwb3MDMQRzZWMDTWVkaWFCTGlzdE1peGVkTFBDQVRlbXAEdmVyAzA1ODI1ODMxLTUwMjEtMTFlNi04ZjZmLTU4MTczMWUwNjU2YQ--;_ylg=X3oDMTFpczA2OW5oBGludGwDaW4EbGFuZwNlbi1pbgRwc3RhaWQDBHBzdGNhdANuZXdzBHB0A3NlY3Rpb25z;_ylv=3
Asian oil refiners cut output to fight oversupply, low margins

* Refiners struggling with sharp fall in processing margins * Asia swamped with refined fuel after crude price plunge * Several refiners to... ...
Why the monsoon is good for our diesel exports. Yes, exports

NEW DELHI: If India's monsoon does bring -- as has been forecast -- above-average rainfall, it is likely to lead to a boost in its export of... ...

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