Commercial crude oil stocks were down by 9 million barrels last week. Analysts expected crude stocks to rise by 1.1 million barrels.

OMC stocks fall as rising crude prices and US-Iran tensions dampen investor sentiment, affecting HPCL, BPCL, and IOC shares.

Oil prices continued to jump during Wednesday's session as traders assessed the possibility of disruptions in supply after Vice President J.D. Vance said President Donald Trump reserves the right to use force against Iran if diplomacy fails.

The U.S. pumps more oil than any other country, so why do President Trump and officials including Secretary of State Marco Rubio think American refineries need Venezuelan crude? While the shale drilling boom has unleashed a flood of oil from places like ...

U.S. crude oil, gasoline, and distillate inventories all saw notable draws in the latest reporting period, contributing to a rise in Brent and WTI crude oil prices.

U.S. crude, gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday.

Valero is poised to buy up to 6.5M barrels of Venezuelan crude in March bound for its Gulf Coast refineries, which could make it the top foreign refiner of Venezuelan oil, Reuters reported.

Chevron’s push to ramp up Venezuelan heavy crude production reflects a structural refining mismatch in the United States that makes dense, sulfur-rich barrels strategically and economically essential.