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Oil Prices Fall On China Covid Curbs, Weak Factory Activity Data
Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand.
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Oil Costs Spur India To Produce Ethanol From Farm Waste
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
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Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
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Massive Fire Breaks Out At Paper Plate Factory In Rajasthan
Rajasthan Fire: A major fire broke out at a paper plate factory in Rajasthan's Dausa. The police said they suspect crude oil allegedly stolen from a pipeline could be the reason which is making it difficult to douse the fire.
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Sensex, Nifty Slip As Metals, Banks Falter; Nykaa Soars In Debut
Risk sentiment in broader Asian markets was also down as surges in oil and Chinese factory prices added to worries of a hot U.S. inflation reading.
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Oil Prices Fall On Worries Over China Economy And Higher Crude Output
Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.
-
Ministry Of Petroleum & Natural Gas Flags Off India's First Supply Of Biodiesel
The initiative has been taken to create an eco-system for collection and conversion of UCO into Biodiesel and developing entrepreneurship opportunities.
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3 Labourers Die While Cleaning Underground Chemical Tank In Maharashtra
Three labourers died on Saturday while they were cleaning an underground tank which was used to store waste oil in a now-defunct chemical factory in Ambernath town in Thane district of Maharashtra, fire officials said.
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The Winners and Losers From Surging Oil Prices
Oil has climbed 75 per cent since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes
-
Fuel Sales Likely To Be Revived By Unlock 1.0: Indian Oil Corporation
Fuel demand massively dropped in April after Prime Minister Narendra Modi announced complete lockdown across the country to contain the spread the coronavirus pandemic. Prime Minister urged everyone to break the chain of the COVID-19 by staying at home, which resulted in a temporary closure of factories, offices, air travel suspension and more. Wit...
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Despite Low Demand, Crude Oil Prices Seen Rising
Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.
-
Factory Producing 'Fake' Dabur Oil Raided In UP's Mathura, 1 Arrested
Police today claimed to have busted a factory allegedly producing fake Dabur oil and arrested one person in connection with the incident in Uttar Pradesh's Mathura district.
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Sensex Recovers Most Of Day's Losses, Nifty Closes Above 10,400: 10 Points
The BSE Sensex closed 21 points lower at 33,835 on Wednesday, recovering most of the day's losses, while the NSE Nifty closed above the 10,400 mark. Banking stocks, which had dragged down the indices earlier during Wednesday's session, rose with the Bank Nifty - the NSE's sub-index for banking stocks - closing 0.5 per cent higher. Oil stocks such a...
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Hydrogen Tankers Explode In Andhra Pradesh Oil Factory, None Hurt
Three tankers carrying hydrogen gas exploded one after the other at a private oil factory at Samalkot in Andhra Pradesh's East Godavari district in the wee hours today, police said.
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50 Million Litres Of Crude Stolen From India's Largest Onshore Oilfield
Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India's largest onshore oilfield, an official said.
-
Oil Prices Fall On China Covid Curbs, Weak Factory Activity Data
Oil prices fell on Monday following weaker-than-expected factory activity data out of China and on concerns its widening COVID-19 curbs will curtail demand.
-
Oil Costs Spur India To Produce Ethanol From Farm Waste
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
-
Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
-
Massive Fire Breaks Out At Paper Plate Factory In Rajasthan
Rajasthan Fire: A major fire broke out at a paper plate factory in Rajasthan's Dausa. The police said they suspect crude oil allegedly stolen from a pipeline could be the reason which is making it difficult to douse the fire.
-
Sensex, Nifty Slip As Metals, Banks Falter; Nykaa Soars In Debut
Risk sentiment in broader Asian markets was also down as surges in oil and Chinese factory prices added to worries of a hot U.S. inflation reading.
-
Oil Prices Fall On Worries Over China Economy And Higher Crude Output
Oil prices fell on Monday on worries over China's economy after a survey showed growth in factory activity slipped sharply in the world's second-largest oil consumer, with concerns compounded by a rise in oil output from OPEC producers.
-
Ministry Of Petroleum & Natural Gas Flags Off India's First Supply Of Biodiesel
The initiative has been taken to create an eco-system for collection and conversion of UCO into Biodiesel and developing entrepreneurship opportunities.
-
3 Labourers Die While Cleaning Underground Chemical Tank In Maharashtra
Three labourers died on Saturday while they were cleaning an underground tank which was used to store waste oil in a now-defunct chemical factory in Ambernath town in Thane district of Maharashtra, fire officials said.
-
The Winners and Losers From Surging Oil Prices
Oil has climbed 75 per cent since the start of November as major economies vaccinate their populations and reopen after the pandemic shut down factories and grounded planes
-
Fuel Sales Likely To Be Revived By Unlock 1.0: Indian Oil Corporation
Fuel demand massively dropped in April after Prime Minister Narendra Modi announced complete lockdown across the country to contain the spread the coronavirus pandemic. Prime Minister urged everyone to break the chain of the COVID-19 by staying at home, which resulted in a temporary closure of factories, offices, air travel suspension and more. Wit...
-
Despite Low Demand, Crude Oil Prices Seen Rising
Currently, the global economy is witnessing a major slowdown and economies like China, Germany and India have reported declining factory output.
-
Factory Producing 'Fake' Dabur Oil Raided In UP's Mathura, 1 Arrested
Police today claimed to have busted a factory allegedly producing fake Dabur oil and arrested one person in connection with the incident in Uttar Pradesh's Mathura district.
-
Sensex Recovers Most Of Day's Losses, Nifty Closes Above 10,400: 10 Points
The BSE Sensex closed 21 points lower at 33,835 on Wednesday, recovering most of the day's losses, while the NSE Nifty closed above the 10,400 mark. Banking stocks, which had dragged down the indices earlier during Wednesday's session, rose with the Bank Nifty - the NSE's sub-index for banking stocks - closing 0.5 per cent higher. Oil stocks such a...
-
Hydrogen Tankers Explode In Andhra Pradesh Oil Factory, None Hurt
Three tankers carrying hydrogen gas exploded one after the other at a private oil factory at Samalkot in Andhra Pradesh's East Godavari district in the wee hours today, police said.
-
50 Million Litres Of Crude Stolen From India's Largest Onshore Oilfield
Police in Rajasthan have cracked a criminal syndicate accused of smuggling more than 50 million litres of crude oil inside water tankers from India's largest onshore oilfield, an official said.
