Crude Oil Production
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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The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
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"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
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S Jaishankar's Reply On EU Call For Action Against India Over Russian Oil
Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time) advised him to look at EU Council regulations.
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Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
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Core Sector Production Rises At 3-Month High Of 7.4%
Crude oil output, however, contracted by 1.2 per cent in December last year.
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Core Sector Output Rises 5.4 % In November On Better Show By Coal, Steel
Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
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Core Sector Output Growth Slows To 0.1% In October
In October, crude oil, natural gas, refinery products, and cement output recorded negative growth rate.
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Base Import Price Of Palm Oil, Gold Reduced
India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.
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Oil Prices Slip As Dollar Soars To New Record High
Oil prices fell more 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.
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Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
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Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
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Oil Prices Ease To Below $98 A Barrel, Extend Losses On Supply Boost News
Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of Mexico platforms is resuming after a brief outage last week.
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Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
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Crude Oil Prices Fell Slightly On Global Inflation Concerns
Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.
-
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.
-
ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
-
"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
-
S Jaishankar's Reply On EU Call For Action Against India Over Russian Oil
Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time) advised him to look at EU Council regulations.
-
Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
-
Core Sector Production Rises At 3-Month High Of 7.4%
Crude oil output, however, contracted by 1.2 per cent in December last year.
-
Core Sector Output Rises 5.4 % In November On Better Show By Coal, Steel
Crude oil, natural gas and refinery products, however, recorded negative growth in November this year. The production growth of eight key sectors slowed down to 0.9 per cent in October.
-
Core Sector Output Growth Slows To 0.1% In October
In October, crude oil, natural gas, refinery products, and cement output recorded negative growth rate.
-
Base Import Price Of Palm Oil, Gold Reduced
India has slashed the base import prices of crude and refined palm oil, crude soya oil and gold, the government said in a statement late on Friday, as prices corrected in the world market.
-
Oil Prices Slip As Dollar Soars To New Record High
Oil prices fell more 1% on Wednesday, pressured by a strengthening dollar and crude storage builds that offset support from U.S. production cuts caused by Hurricane Ian.
-
Crude Prices Jump Nearly 4% As Oil Producers Agree On A Small Output Cut
Oil prices rose about 4 per cent on Monday, extending gains as OPEC+ members agreed to a small production cut to bolster prices.
-
Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
-
Oil Prices Ease To Below $98 A Barrel, Extend Losses On Supply Boost News
Oil prices dropped for a second session on Monday after the head of the world's top exporter, Saudi Aramco, said it is ready to ramp up output while production at several offshore US Gulf of Mexico platforms is resuming after a brief outage last week.
-
Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
-
Crude Oil Prices Fell Slightly On Global Inflation Concerns
Oil prices fell slightly in early Asian trade on Wednesday, pressured by global central bank efforts to tame inflation and ahead of expected builds in U.S. crude inventories as product demand weakens.
