Crude Oil News
Weak global markets, unabated foreign fund outflows and firm crude oil prices played spoilsport for equities
Germany has been under strong pressure from Ukraine and other nations in Europe to cut energy imports from Russia
According to data compiled by commodities research group Kpler, India did not import any oil from Russia in January and February but March and April contracts have already touched six million barrels for the Urals grade oil
Fears over Russia’s huge fossil fuels export being interrupted has led to global oil and gas prices spiking
Iran used to be India's second largest oil supplier but New Delhi had to halt imports after the former US president Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on its oil exports
Pakistan's anti-graft watchdog initiates probe against four-star army general for illegal sale of crude oil
According to documents attached with the petition, 17 individuals, including two lieutenant colonels, three majors, six soldiers of varying ranks and four civilians were among those found guilty of embezzling oil and dismissed by the military authorities on 26 January, 2005 for running an illegal crude oil business
Amid mounting calls for harsher sanctions against Russia, price of oil jumped more than $10 a barrel and markets have swung worldwide today
India plans to release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to cool prices, a top government official said on Tuesday
Amid talk of India releasing oil from its petroleum reserves in tandem with the US, here’s a look at what we know about it.
Fuel prices have risen not only in India, but elsewhere too. Even if one ignores it, the fact is that state government taxes account for 41.67 per cent of the final petrol price
Rates of both subsidised and non-subsidised LPG were hiked, taking the total increase in rates since July to Rs 90 per 14.2-kg cylinder
Inflation in food articles eased for the third straight month, and was at 'zero' percent in July, down from 3.09% in June, even as onion prices spiked. Inflation in onions was high at 72.01%
Inflation in fuel and power basket eased to 32.83 percent during June, against 37.61 percent in May
Rahul Gandhi must ask Congress-ruled states to cut tax on petrol, diesel, says Dharmendra Pradhan on rising fuel prices
The petroleum minister, however, did not suggest a similar action for BJP-ruled states like Madhya Pradesh and Karnataka, where petrol has crossed Rs 100-mark
The new initiatives are part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the kingdom’s oil-reliant economy.
Oil majors are considering expanding to offshore wind farms and hydrogen fuel, to prepare for a world that uses less oil and gas.
Govt to release IIP data tomorrow: All you need to know about Index of Industrial Production, its eight core sectors
The eight core sectors have a combined share of above 40 percent in the Index of Industrial Production (IIP) which gives the growth rates of different industry groups of the economy over a specified period
Coronavirus Lockdown: Eight core sector output contracts by record 38.1% in April; cement falls 86%, steel by 84%
The output of eight core infrastructure industries shrank by a record 38.1 per cent in April due to the coronavirus-induced lockdown, according to the official data
Oil prices fall on Sino-US tensions over Hong Kong; global energy investment expected to fall by about 20% this year
Gloomy forecasts over the economic impact of the pandemic also weighed on crude oil prices.