Crude Oil
Crude Oil News
Investors wealth tumbles over Rs 4.47 lakh crore amid market crash
Weak global markets, unabated foreign fund outflows and firm crude oil prices played spoilsport for equities
Germany expects to quit Russian crude oil imports by late summer
Germany has been under strong pressure from Ukraine and other nations in Europe to cut energy imports from Russia
Fuel pricing: The devil is in the nuances
Despite the pandemic and geopolitical challenges, the government has largely been able to protect people from the full brunt of the global oil price vagaries without comprising fiscal prudence
Russia offers deep discounts on crude oil to India: What does it means for New Delhi?
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
Here's how global trade responded to the Russian invasion of Ukraine
Fears over Russia’s huge fossil fuels export being interrupted has led to global oil and gas prices spiking
Iran offers to meet India's energy needs by relaunching rupee-rial trade for export of oil and gas
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
Prices of Brent crude oil surge over $10, shares sink as Ukraine-Russia conflict deepens
Amid mounting calls for harsher sanctions against Russia, price of oil jumped more than $10 a barrel and markets have swung worldwide today
India to release five million barrels of crude oil from strategic reserves to challenge OPEC grips
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
India likely to release oil from petroleum reserves: What they are and why they are set up
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.
Why Opposition’s claims on oil price rise are nothing but crude propaganda
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
LPG price hiked by Rs 15/cylinder; petrol, diesel rates at all-time high
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
India’s wholesale inflation drops to 11.16% in July from 12.07% in June as food prices soften
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%
WPI inflation eases to 12.07% in June as food, crude prices soften
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
Saudi Arabia unveils new plan to tackle climate change, reduce carbon emissions
The new initiatives are part of Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the kingdom’s oil-reliant economy.
Bruising 2020 for Big Oil: Fossil fuel industry left to confront its diminished future, cope
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.