Crude Imports

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Crude Imports - Total results - 8
US crude hits 18-year low at $24.44 per barrel as lockdowns, travel restrictions spread; demand in April expected to fall
Business

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
Business

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
Business

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
Business

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 slides as US crude production hits record, China, Japan factory output weakens
Business

Oil slides as US crude production hits record, China, Japan factory output weakens

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
Business

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
Business

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
Business

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"