Unless Western governments are ready to accept higher prices, Russia, Venezuela and Iran will continue to evade sanctions.

The interim government has imposed a 25 percent export duty on rice bran oil, following unsuccessful efforts to stabilise ...

West Texas Intermediate traded above $72 a barrel after climbing nearly 2% on Monday, while Brent closed higher for a second ...

The temporary crisis in the edible oil market will be resolved within a few days, Commerce Adviser Sk Bashir Uddin said yesterday.

Highlighting that India has diversified its sources of oil supply for cheaper purchases, Union Petroleum and Natural Gas ...

Oil companies cheered Trump’s recent calls for a more streamlined process and a series of energy-related executive orders he ...

With domestic production covering just 10% of edible oil demand, Bangladesh relies heavily on imports. Moreover, a few conglomerates dominating the market raises concerns over competition and consumer ...

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

Europe’s Oil Market Flashes Price Weakness on Refinery Halts Major crudes in North Sea, Mediterranean markets fall sharply Light, sweet supply set to rise as new streams come online ...

"Despite the 'energy emergency' claims, the US is producing energy in record quantities," JPMorgan Asset Management wrote.

Asharq Al Awsat Oil prices ticked higher on Monday, rebounding after declines last week on concerns about a global trade war, as investors appeared to shrug off US President Donald Trump's latest ...

Singapore's 380-cst high-sulphur fuel oil (HSFO)/Brent crack for March reached a discount of about 70 cents a barrel in Wednesday morning trade, according to market sources. Cracks compared over ...