Latest News on Crude Oil
Showing of 0 - 10 from 199 results
Crude Oil - Total results - 199
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Oct 16, 2018
US sanctions against Iran: Govt says no issues with crude oil supplies, sentiment hurting price
Ahead of the US sanctions against Iran, India on Tuesday said availability of crude oil to replace lost volumes is not an issue but the "sentiment" around losing a big oil supplier is driving prices higher. -
Oct 15, 2018
Rupee snaps three-session gaining streak, slumps 26 paise to 73.83 against US dollar on rising crude prices
Dealers said a spurt in US dollar demand from importers dragged down the rupee -
Oct 15, 2018
India has optional volumes of crude oil from Saudi, others to make up for shortfall from Iran: Senior official
India, the world's third-biggest oil consumer, meets more than 80 percent of its oil needs through imports. Iran is its third-largest supplier after Iraq and Saudi Arabia and meets about 10 percent of total needs. -
Oct 15, 2018
Fuel price hike: Diesel rates rise again by eight paise to Rs 75.46 per litre in Delhi; wipes out benefit of excise duty cut
Diesel price rose for the 10th consecutive day Monday to wipe out all of the Rs 2.50 per litre cut in rates announced earlier this month through excise duty cut and oil company subsidy. -
Oct 13, 2018
US State Department says India's oil imports from Iran, purchase of S-400 defence system from Russia 'not helpful'
The US is reviewing "very carefully" India's decision to continue buying Iranian oil and purchase of the Russian S-400 air defence system, days after President Donald Trump observed that New Delhi would soon find out if it faced punitive measures. -
Oct 11, 2018
Jet fuel prices cut by 2.6% as govt lowers excise duty; to cost less than petrol, diesel
The government had on Wednesday cut excise duty on jet fuel to 11 percent from 14 percent previously to give relief to the aviation industry that has been in recent weeks hit hard by rising fuel prices and plummeting rupee. -
Oct 10, 2018
Saudi Arabia to supply extra oil cargoes to India in November to make up for US sanctions on Iran
One of the reasons for the additional demand of oil from Saudi Arabia is that the crude arbitrage from the US is shut. -
Oct 08, 2018
Petrol, diesel rates: Fuel price reduction may dent oil companies EBITDA by Rs 6,500 cr, says Moody's
The recent cut in petrol and diesel prices by Rs 2.50 by the Centre is estimated to reduce the combined EBITDA margins of IOCL, HPCL and BPCL by Rs 6500 crore during current fiscal, rating agency Moody's said on Monday. -
Oct 07, 2018
Rahul Gandhi and his allies' tweets, TV bytes will not resolve challenges thrown up by increase in crude oil prices: Arun Jaitley
Jaitley accused the government critics of doing a 'volte-face' by terming the cut in petrol and diesel prices by Rs 2.5 per litre by the Centre as 'bad economics'. -
Oct 03, 2018
As rupee plumbs new lows, RBI eases overseas borrowing norms for oil companies
With the rupee continuing to touch new lows, the Reserve Bank on Wednesday allowed forex borrowings for working capital by oil marketing companies--the largest consumers of foreign currency--under the automatic route with immediate effect.
