Oil Companies News

Oil prices surged past $100 a barrel due to US-Iran clashes, impacting retail fuel marketing margins with expected losses for petrol and diesel in September. Ho

President Trump announced a deal granting the U.S. control over 65 billion barrels of Venezuelan oil reserves. This move is part of the administration's effort

Diesel prices are nearing record highs, benefiting oil companies while burdening consumers. This surge is attributed to the war in Iran and Ukrainian attacks on

Soaring diesel prices are benefiting oil companies while negatively impacting consumers, driven by the war in Iran and Ukrainian attacks on Russian refineries.

Oil and gas companies are projected to receive a $495 billion cash windfall in 2026, leading to calls for windfall taxes from President Trump and several member

Ethanol-blended diesel has failed safety tests due to a significantly lowered flash point, leading the government to rule out its wider use for now, despite ong

State-run oil companies have refuted claims of E20 petrol contamination, stating that extensive nationwide testing found no quality issues. They confirmed that

Oil companies have dismissed claims of E20 fuel contamination, asserting that pan-India tests confirm the quality of the fuel.

Amid the US-Iran conflict, Brent crude prices surged to $126 per barrel, leading to significant profits for oil companies, who argue these earnings are necessar

Wednesday's UK newspaper headlines feature reports on oil companies' profits from the Iran war and the phenomenon of "super-rain" in Britain.

Eight major oil companies have reported over $90 billion in profits within three months, attributed to the Iran conflict driving up energy prices and the ongoin

Former President Trump has reiterated his demand for oil companies to lower gas prices, specifically criticizing the CEO of Chevron. He also accused major oil c

Oil companies, including Chevron, Shell, and ExxonMobil, have reported record-high profits, attributed to elevated crude prices during wartime.

The FTSE 100 has reached an all-time high, with UK stocks rebounding from an Iran war-related sell-off, driven by strong performance from banks and oil companie

HPCL and BPCL have reported losses due to under-recoveries, indicating financial challenges for the oil companies.

Following increased oil prices due to the Iran war, oil companies are reporting significant profits, leading some U.S. lawmakers to propose a windfall tax to be