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Sensex Rallies 610 Points To Reclaim 74,000 On Buying In RIL, Global Equity Gains
Benchmark stock index Sensex rallied nearly 610 points to reclaim the 74,000 mark while Nifty closed above 22,500 in their second day of gains on Thursday following heavy buying in Reliance Industries on easing crude oil prices.
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India Bought 112 Billion Euro Worth Of Russian Oil Since Ukraine War: Report
The world's third largest oil consuming and importing nation, spent 102.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday.
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Rupee Settles 19 Paise Higher At 87.00 Against US Dollar
The rupee appreciated by 19 paise to close at 87.00 (provisional) against the US dollar on Wednesday on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices.
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How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
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If Russia Sells Crude Oil On Discount, India Will Buy It: Hardeep Singh Puri
Union Minister Hardeep Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is "committed" to buying the most economically-priced crude oil.
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Sanctions On Russia Won't Have Big Impact On Oil Prices: Indian Oil Chief
Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the $75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman said.
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NDTV Explainer: How Joe Biden's Russian Oil Sanctions Can Impact India
Indian and Chinese refiners are in a quest to find new suppliers of crude as they adapt to fresh US sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
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China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Russia Is Now Largest Supplier Of Crude Oil To India: Hardeep Singh Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday that Russia has become the largest supplier of crude oil to India, accounting for more than 35 per cent of the country's imports.
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India's Russian Oil Imports Rise 11.7% In Sept From Aug, Data Shows
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.
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Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
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Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
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OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
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Windfall Tax On Crude Petroleum Cut To Zero
The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.
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Sensex Rallies 610 Points To Reclaim 74,000 On Buying In RIL, Global Equity Gains
Benchmark stock index Sensex rallied nearly 610 points to reclaim the 74,000 mark while Nifty closed above 22,500 in their second day of gains on Thursday following heavy buying in Reliance Industries on easing crude oil prices.
-
India Bought 112 Billion Euro Worth Of Russian Oil Since Ukraine War: Report
The world's third largest oil consuming and importing nation, spent 102.5 billion euro (about Rs 1.5 lakh crore) on buying crude oil from Russia since the start of the Ukraine war, a European think tank said on Thursday.
-
Rupee Settles 19 Paise Higher At 87.00 Against US Dollar
The rupee appreciated by 19 paise to close at 87.00 (provisional) against the US dollar on Wednesday on sharp pullback in domestic equities, a weak American currency and a decline in crude oil prices.
-
How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
-
If Russia Sells Crude Oil On Discount, India Will Buy It: Hardeep Singh Puri
Union Minister Hardeep Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is "committed" to buying the most economically-priced crude oil.
-
Sanctions On Russia Won't Have Big Impact On Oil Prices: Indian Oil Chief
Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the $75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman said.
-
NDTV Explainer: How Joe Biden's Russian Oil Sanctions Can Impact India
Indian and Chinese refiners are in a quest to find new suppliers of crude as they adapt to fresh US sanctions on Russian producers and tankers that are designed to curb the revenues of the world's second-largest oil exporter.
-
China, India Refiners Scour The World For Oil Amid US Sanctions On Russia
Chinese and Indian refiners are scouring the globe for supplies of crude as fresh US sanctions on Russian producers and tankers curb shipments to Moscow's top customers, traders said.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Russia Is Now Largest Supplier Of Crude Oil To India: Hardeep Singh Puri
Union Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday that Russia has become the largest supplier of crude oil to India, accounting for more than 35 per cent of the country's imports.
-
India's Russian Oil Imports Rise 11.7% In Sept From Aug, Data Shows
India's crude oil imports from Russia rose by 11.7% to about 1.9 million barrels per day (bpd) in September, accounting for about two-fifths of the South Asian nation's overall crude imports in the month.
-
Oil Prices Rise Amid Escalating Middle East Tensions
Oil prices inched up in early Asian trading hours on Friday, holding on to their strong weekly gains, as investors weighed the Middle East conflict and the potential disruption in crude flows against an amply-supplied global market.
-
Oil Prices Rise More Than $1 Amid Escalating Tensions In Middle East
U.S. West Texas Intermediate (WTI) crude futures rose by $1.09, or 1.56%, to $70.92 per barrel at 2254 GMT on fears of oil supply disruptions in the Middle East after Iran fired ballistic missiles at Israel.
-
OMCs Making Huge Profit On Petrol, Diesel As Crude Prices Fall: ICRA
As the crude prices have come down, oil marketing companies are making profits of Rs 15/litre and Rs 12/litre on petrol and diesel, respectively.
-
Windfall Tax On Crude Petroleum Cut To Zero
The government on Tuesday slashed windfall tax on domestically produced crude oil to 'nil' per tonne with effect from September 18.
