US crude hits 18-year low at $24.44 per barrel as lockdowns, travel restrictions spread; demand in April expected to fall
Brent crude was trading down $1.39, or nearly 5 percent, at $27.34 a barrel, after dropping to $27.31, its lowest since early 2016.
Coronavirus impact: BPCL procures 500 mn barrels of 'opportunity' crude from distress sale after prices plunge
BPCL will not buy more such crude as it will make inventory management unwieldy, said R Ramachandran, director of refineries
Crude oil declines below $70 as Sino-US trade dispute deepens; supply concerns prevent steeper price fall
China’s crude oil imports in April hit a record for the month, at 10.64 million barrels per day (bpd), customs data showed on Wednesday. The country is the world’s biggest oil importer.
US says door is open if India is prepared to bring serious proposal to address trade, market access issues
The US in November last year revoked duty-free concessions on import of at least 50 Indian products
Oil markets remain relatively well-supported by supply cuts by the Organization of the Petroleum Exporting Countries (OPEC)
Govt to offer special incentives to ONGC, OIL for natural gas discoveries in unviable areas, to raise output
State-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) have not been able to develop the discoveries
Rupee depreciation: Why currency trade with 'vulnerable' countries is the antidote to dependency on US dollar
The rupee trade is any day better than the hare-brained idea of curbing non-essential imports which are bound to invite retaliation on a wide front
US diktat to stop Iranian oil imports: Dharmendra Pradhan says national interests to guide govt response
Petroleum minister Dharmendra Pradhan on Thursday reacted cautiously to the US demand to stop crude imports from Iran, saying the government "will go by the national interest"