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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 Extends Slide, Nymex Crude at More-Than...

By Eric Yep Crude-oil futures extended losses in Asian trade Monday after plunging last week, with the U.S. oil benchmark trading below $65 a... ...
Grip on oil weakening, Opec meet may come to naught

As oil prices continue to plummet, the once-dominant international cartel of producers is losing its sway over the global energy markets. At its... ...
Saudi Arabia adds to oil power with new refineries

1:30pm IST * Saudi becoming refining powerhouse with new plants * With excess volumes, Riyadh seeks foothold in global market * Saudi... ...
Subsidy shake-up to undercut Asian diesel demand

SINGAPORE (Reuters) - A recovery in Asia's diesel demand growth is likely to be pushed back as governments of major oil consumers in the region... ...

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