Oil futures rose, with U.S. diesel and European gasoil futures resuming upward moves and continuing to put a floor under crude.

India has scaled back purchases of Russian crude for arrival in December, showing that Western sanctions and trade talks with the US are having a major impact on buying patterns.

Oil prices eased on Thursday as investors assessed a potential truce in a trade spat between the United States and China, as President Donald Trump lowered tariffs on China after a meeting with President Xi Jinping in South Korea.

The US and India skirt around trade deals and tariff talks as the latter continues its reliance on Russian crude.

Crude oil futures traded higher on Friday morning after recent declines, despite concerns about oversupply in the market.

Abu Dhabi’s five-year-old oil trading arm plans to boost the volume it handles by two thirds in the next few years as its expands internationally, its CEO said.

President Donald Trump’s U.S.-China trade truce may be overshadowing a new report that has helped raise the alarm about a potential global surplus of crude oil next year.

NEW YORK (Reuters) -Oil prices eased on Wednesday to a five-month low on escalating U.S.-China trade tensions and the International Energy Agency's prediction of a supply surplus in 2026. Brent crude futures fell 48 cents, or 0.8%, to settle at $61.91 a ...

India’s largest state-run refiner, plans to form a joint venture with energy trading giant Vitol early next year

Stocks in the energy sector were trading higher early Tuesday. The S&P 500 Energy Sector Index was up 1.5%, while exchange-traded funds like the Energy Select Sector SPDR ETF were up 1.2%. The sector gained on Monday as well and is up over 2% for the week.