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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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"Don't Have Political Strategy To...": India's Jab On Russian Oil Question
India - one of the world's biggest consumers of crude oil - does not have a "political strategy" that informs its purchases, Foreign Minister S Jaishankar said at a press conference in Kyiv, shortly after Prime Minister Modi met President Zelensky.
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Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
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Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
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Oil Climbs As Chances Of Gaza Truce Talks Appear Slim, Saudi Hikes Prices
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.
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Navy Assists Panama Oil Tanker With 22 Indians Onboard After Missile Attack
The Indian Navy swiftly assisted a Panama-flagged crude oil tanker with 30 crew members including 22 Indians after the vessel came under missile attack from Houthi militants.
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Rupee Weakens To Record Low Against US Dollar Amid Iran-Israel Conflict
The rupee depreciated 9 paise to 83.53 against the US dollar in early trade on Tuesday, weighed down by a strong American currency and elevated crude oil prices.
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Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
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Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
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Oil Tanker Hit By Projectile Off Yemen, None Hurt: UK Maritime Agency
A Panama-flagged crude oil tanker caught fire after being struck by an unidentified projectile off Yemen on Saturday, in the latest attack on commercial shipping in the Red Sea.
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New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
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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.
-
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.
-
"Don't Have Political Strategy To...": India's Jab On Russian Oil Question
India - one of the world's biggest consumers of crude oil - does not have a "political strategy" that informs its purchases, Foreign Minister S Jaishankar said at a press conference in Kyiv, shortly after Prime Minister Modi met President Zelensky.
-
Windfall Tax On Crude Petroleum Hiked To Rs 7,000 Per Tonne
The government on Monday hiked the windfall tax on domestically produced crude oil to Rs 7,000 per tonne, from Rs 6,000 per tonne.
-
Brent Crude Oil Price Falls Below $80 For First Time Since February
Brent crude oil prices fell to below $80 a barrel on Monday for the first time since February, after an OPEC+ meeting in which members agreed that countries could starting phasing out voluntary output cuts starting in October.
-
Oil Climbs As Chances Of Gaza Truce Talks Appear Slim, Saudi Hikes Prices
Oil futures climbed on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil-producing region.
-
Navy Assists Panama Oil Tanker With 22 Indians Onboard After Missile Attack
The Indian Navy swiftly assisted a Panama-flagged crude oil tanker with 30 crew members including 22 Indians after the vessel came under missile attack from Houthi militants.
-
Rupee Weakens To Record Low Against US Dollar Amid Iran-Israel Conflict
The rupee depreciated 9 paise to 83.53 against the US dollar in early trade on Tuesday, weighed down by a strong American currency and elevated crude oil prices.
-
Iran Attack On Israel: Crude Oil Futures Decline On Low Demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 113 or 1.57 per cent to Rs 7,074 per barrel with a business volume of 6,469 lots.
-
Indian Refiners Buy More US Crude Amid Tighter Russia Sanctions
More than 250,000 barrels per day of US crude is set to arrive in India next month, the highest in more than a year, ship tracking data showed, amid tighter enforcement of sanctions on Russian crude.
-
Oil Tanker Hit By Projectile Off Yemen, None Hurt: UK Maritime Agency
A Panama-flagged crude oil tanker caught fire after being struck by an unidentified projectile off Yemen on Saturday, in the latest attack on commercial shipping in the Red Sea.
-
New US Sanctions May Threaten Russian Oil Sales To India: Report
Fresh U.S. sanctions on Moscow threaten to dent Russian oil sales to India, the biggest buyer of Russian seaborne crude, and complicate efforts by Indian state refiners to secure annual supply deals, three industry sources familiar with the matter sa
