Crude Oil Barrel

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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 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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  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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  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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  5 Million Barrels Of Russian Sokol Oil Stuck En Route To India: Report

  Almost five million barrels of Russia's Sokol grade crude has failed to reach Indian refiners over the past four weeks, Bloomberg News reported on Wednesday.

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  India's Russian Oil Imports Now Double Of Iraq

  India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in March and is now double of the purchases from Iraq - the nation's traditional top oil supplier.

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  Pakistan Making Efforts To Purchase Russian Oil At $50 Per Barrel: Report

  Pakistan, which is currently grappling with high external debt and a weak local currency, is desperate to purchase cheap crude at discounted rates from Russia.

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  India's Russian Oil Imports Hit Record High In Feb, 35% Share Of Total Now

  India's imports of crude oil from Russia soared to a record 1.6 million barrels per day in February and is now higher than combined imports from traditional suppliers Iraq and Saudi Arabia.

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  Oil Prices Fall By Over $1 A Barrel On Lower Chinese Demand Concerns

  Oil prices fell by more than $1 a barrel on Tuesday as rising COVID-19 cases in China renewed fears of lower fuel consumption from the world's top crude importer.

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  Oil Prices Rise To Near $96 A Barrel On Strong Demand, Weaker Dollar

  Oil prices continued to rise in early Asian trade on Thursday after surging more than 3% in the previous session.

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  Crude Rebounds 3% As Oil Producers Weigh Biggest Output Cut Since 2020

  Oil prices jumped more than 3% in early Asian trade on Monday, as OPEC+ considers cutting output by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.

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  Crude Prices Fall Below $85 Per Barrel For First Time Since January

  Oil prices fell for a second day on Monday on fears of lower fuel demand from an expected global recession sparked by rising worldwide interest rates and as a surging U.S. dollar limits the ability of non-dollar consumers to purchase crude.

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  Oil Prices Crash 4% For The Week, Below $90 Per Barrel On Demand Fears

  Oil prices turned down in early trade on Friday after a slight rebound in the previous session, leaving them set to fall for a second straight week.