AS Sahney, Chairman of Indian Oil Corporation (IOC) said increased sourcing of US crude will not impact IOC’s profitability, as procurement decisions are driven by economic viability.

Crude futures edged lower in early trade but were still poised for weekly gains of more than 1.5% on rising supply concerns and a weaker dollar.

Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, ...