Asian refiners slow Middle East crude buying as Hormuz risk and high freight costs offset falling prices, even as Gulf producers ramp up output.

Shipping through the crucial Strait of Hormuz is showing signs of recovery, with daily transits increasing significantly, though still far below pre-war levels. Indian refiners,…

Oil prices fell more than 1 percent on Wednesday, extending this week's losses and trading near four-month lows, on signs that more oil tankers stranded in the