Indian oil prices are increasing and various factors are causing petroleum and diesel costs to surge even more.
The U.S. oil industry is recovering from its struggles in the past few weeks. The decline started after rumors about Iran providing fewer supplies emerged.
Low prices of butane and propane hindered the restocking of these LPG during the spring and the summer in Northwest Europe.
President Donald Trump is open to the possibility of selling some of America's oil reserves in order to subdue the looming global oil deficit.
As traders push for a higher oil demand, crude oil prices in Saudi Arabia could reportedly increase to as high as $100 per barrel.
Icahn now owns a 7.9 percent stake in Energen Corporation.
India's Nayara Energy has already reduced its oil imports from Iran.
Homebuyers adapt by choosing closer neighborhoods, but upscale ones remain attractive to buyers regardless of what happens to gas prices.
The U.S. also requested some OPEC members to increase their daily output.
The slow growth of India's GDP is largely attributed to the country's oil crisis and weak performance of the rupee in the global economy.