Are global oil prices the culprit for burgeoning trade deficit?  BusinessLineThe oil import bill is just one of the factors responsible for the rising trade deficit. Non-oil imports cannot be overlooked. Read more https://www.thehindubusinessline …

BreakingNews.ieBP receives approval to develop new oil field in North SeaBreakingNews.ieBP has been granted approval to develop the Vorlich Field in the North Sea, targeting 30 million barrels of oil equivalent. The field is expected to come on stream in 2 …

Wall Street JournalOil's Rise Puts Asia on a Slippery SlopeWall Street JournalPricey oil is making emerging markets' tough year even tougher, and the pain could spread wider this time round. Brent crude notched its highest close since 2014 Monday, …

The Japan TimesJapan logged ¥231 billion trade deficit in July as oil prices climbedThe Japan TimesJapan fell into red ink in the goods trade for the first time in two months in July as the cost of energy imports surged, government data showed Thursday. Th …

The HillUS crude oil setting sail for China in record numbersThe HillUnited States crude oil exports are soaring this year, and China is its single largest buyer for waterborne sales. This is likely to continue but it is important to separate temporary fac …

CNBCOil slump means energy producers must get competitive, WEF saysCNBCThe slump in global energy prices means oil-producing countries face a "clear need" to diversify their economies and improve competitiveness, the World Economic Forum (WEF) sa …