Enbridge has approved a $1.4 billion expansion across its Mainline and Flanagan South systems that will push more Canadian heavy crude into the U.S. Midwest and down to the Gulf Coast ...

U.S. crude oil production rose by 211,000 barrels a day, to just under 13.9 million barrels a day, the highest on record, according to EIA estimates. Crude imports were down by 703,000 barrels a day, ...

US oil giants ExxonMobil and Chevron reported lower earnings Friday as the decline in oil prices offset the lift from higher production. ExxonMobil reported that third-quarter profits had dipped 12.3 ...

Four-week average volumes from the country’s ports were 3.72 million barrels a day to Oct. 26, according to vessel-tracking data compiled by Bloomberg, down by about 70,000 from the revised figure for ...

New US sanctions on major Russian oil firms Rosneft and Lukoil are likely to lead India to halt crude oil procurement from Russia, which constituted over 36% of its imports this year. Indian refiners ...

HOUSTON, Oct 24 (Reuters) - Oil prices fell on Friday as skepticism crept into the market about the Trump administration's commitment to sanctions on Russia's two biggest oil companies over the war in ...

US President claims India will significantly reduce its Russian oil purchases by year-end, stating it's a gradual process. He also discussed China's relationship with Russia, suggesting it was forced ...

The sanction on Russian oil giants will force refineries, in India and China to curtail imports because the payments are mainly made in US dollars The US late on Wednesday announced sanctions on ...

Growing demand for fuel and other petroleum products amid stagnant domestic crude oil output led to India’s reliance on imported oil inching up further during April-September (first six months) of the ...

US President Donald Trump said on Wednesday (local time) that India will cut Russian oil imports by almost 40% by the end of the year. Trump said, "India, as you know, told me they would stop...it's a ...

Crude Oil prices jumped after the US announced sanctions on Russia’s biggest producers, as President Donald Trump ramps up pressure on his counterpart Vladimir Putin to negotiate an end to the war in ...