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A top executive at an Indian oil company said the Middle East crisis has pushed the firm to source about 85% of its crude from the spot market, up from roughly 50% previously.

2026-08-01

A top executive at an Indian oil company said the Middle East crisis has pushed the firm to source about 85% of its crude from the spot market, up from roughly 50% previously.

Other News
2026-08-01

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending July 28, crude oil speculators increased their net long positions in WTI crude oil by 28,159 contracts to 106,507 contracts.

According to the U.S. Commodity Futures Trading Commission (CFTC), in the week ending July 28, crude oil speculators increased their net long positions in WTI crude oil by 28,159 contracts to 106,507 contracts.
2026-08-01

Trump said the US and Israel have reached a consensus on a plan to disarm Hamas and that Israel has "performed very well." He said many had considered such a deal impossible, cautioned it may experience ups and downs given the complex situation on th

Trump said the US and Israel have reached a consensus on a plan to disarm Hamas and that Israel has "performed very well." He said many had considered such a deal impossible, cautioned it may experience ups and downs given the complex situation on the ground, and called it a "huge breakthrough," linking the development to US progress on Iran and saying such an agreement would have been impossible four to five months ago.
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