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US Blacklists 14 Russian Oil Tankers To Enforce Price Cap
The United States blacklisted 14 Russian oil tankers Friday as it sought to cut Moscow's petroleum revenues by enforcing a price cap imposed by the West after the Ukraine invasion.
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Russia's Oil Revenue Sinks As West Tightens Sanctions: Energy Body
Russia's oil export revenue sank 42 percent in February as Western powers tightened sanctions on the country in the wake of the Ukraine war, the International Energy Agency said on Wednesday.
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India Buying Crude Oil At Lowest Price From Russia Furthering G7 Approach: US
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering policy of G7 to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues relating to energy security, said US.
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Adani Wilmar Quarterly Profit Up 16% On Higher Demand For Oil
Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, said revenue from the edible oil business, its largest, climbed nearly 4% on the festive and wedding demand.
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G7's Oil Price Cap Sanctions To Have Little Impact On Russian Revenue
The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues.
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Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time: Chairman
Metals to oil conglomerate Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, as it looks to ramp up production, including metals used in electric car batteries, its chairman said.
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Windfall Tax Will Be Revoked Only If Oil Prices Fall By $40 A Barrel: Official
India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, Revenue Secretary Tarun Bajaj told Reuters on Monday.
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Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
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Reliance Becomes First Indian Company To Hit $100 Billion Revenue In A Year
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 24.5 per cent rise in earnings for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in retail business.
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Canada Announces Ban On Oil Imports From Russia Over Ukraine Crisis
Canadian Prime Minister Justin Trudeau announced Monday a ban on Russian oil imports, saying oil revenues have helped to prop up President Vladimir Putin and Russian oligarchs.
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ONGC Net Profit Zooms 565% To Rs 18,348 Crore In September Quarter
ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.
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Indian Oil Net Profit Rises Marginally To Rs 6,235 Crore In September Quarter
Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period
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Reliance Industries Profit Rises 43% To Rs 13,680 Crore In September Quarter
The country's most valued company - Reliance Industries - on Friday reported net profit of Rs 13,680 crore in quarter ended September 30, 2021, marking a rise of 42.99 per cent from the same quarter last year on the back of higher demand of oil products. Reliance Industries total expenses in the quarter jumped almost 45 per cent annually to Rs 1,59...
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Nearly 25 Kg Heroin Concealed In Oil Cans Seized At Mumbai Port
Over 25 kg of heroin was seized from a container in Nhava Sheva Port in Navi Mumbai in a raid by the Directorate of Revenue Intelligence's (DRI) Mumbai zonal unit.
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India Seeks Lower Oil Prices As High Pump Prices Bite
Last year, India raised taxes on sales of gasoil and gasoline, instead of passing on the benefits of lower oil prices to consumers, to boost revenue to fund welfare schemes
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US Blacklists 14 Russian Oil Tankers To Enforce Price Cap
The United States blacklisted 14 Russian oil tankers Friday as it sought to cut Moscow's petroleum revenues by enforcing a price cap imposed by the West after the Ukraine invasion.
-
Russia's Oil Revenue Sinks As West Tightens Sanctions: Energy Body
Russia's oil export revenue sank 42 percent in February as Western powers tightened sanctions on the country in the wake of the Ukraine war, the International Energy Agency said on Wednesday.
-
India Buying Crude Oil At Lowest Price From Russia Furthering G7 Approach: US
By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering policy of G7 to reduce Russian oil revenues and Washington is comfortable with New Delhi on issues relating to energy security, said US.
-
Adani Wilmar Quarterly Profit Up 16% On Higher Demand For Oil
Adani Wilmar, a joint venture between Adani Group and Singapore's Wilmar Group, said revenue from the edible oil business, its largest, climbed nearly 4% on the festive and wedding demand.
-
G7's Oil Price Cap Sanctions To Have Little Impact On Russian Revenue
The Group of Seven (G7) nations' proposed price cap of $65-$70 a barrel on Russian oil would have little immediate impact on Moscow's revenues.
-
Vedanta Expects Revenue To Jump To $50 Billion In Two Years' Time: Chairman
Metals to oil conglomerate Vedanta Ltd expects annual revenue of $50 billion in the next two to three years, as it looks to ramp up production, including metals used in electric car batteries, its chairman said.
-
Windfall Tax Will Be Revoked Only If Oil Prices Fall By $40 A Barrel: Official
India will only withdraw its windfall tax introduced last week for oil producers and refiners if global prices of crude fall as much as $40 a barrel from present levels, Revenue Secretary Tarun Bajaj told Reuters on Monday.
-
Windfall Tax On Oil Firms To Compensate Most Losses From Excise Cut On Fuel
The windfall tax on oil produced within India and fuel exported overseas will make up for more than three-fourths of the revenue that the government lost when it cut excise duty on petrol and diesel to cool soaring inflation, industry sources said.
-
Reliance Becomes First Indian Company To Hit $100 Billion Revenue In A Year
Billionaire Mukesh Ambani's Reliance Industries Ltd on Friday reported a 24.5 per cent rise in earnings for the quarter ended March on the back of bumper oil refining margins, steady growth in telecom and digital services and strong momentum in retail business.
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Canada Announces Ban On Oil Imports From Russia Over Ukraine Crisis
Canadian Prime Minister Justin Trudeau announced Monday a ban on Russian oil imports, saying oil revenues have helped to prop up President Vladimir Putin and Russian oligarchs.
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ONGC Net Profit Zooms 565% To Rs 18,348 Crore In September Quarter
ONGC Q2 Results: ONGC reported a net profit of Rs 18,384 crore, compared to Rs 2,758 crore in the corresponding period last year, marking a sharp growth of 565 per cent year-on-year.
-
Indian Oil Net Profit Rises Marginally To Rs 6,235 Crore In September Quarter
Indian Oil Q2 Results: The state-run oil refiner's revenue from operations stood at Rs171,787.19 crore, compared to Rs 1,16,717.62 crore in the year-ago period
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Reliance Industries Profit Rises 43% To Rs 13,680 Crore In September Quarter
The country's most valued company - Reliance Industries - on Friday reported net profit of Rs 13,680 crore in quarter ended September 30, 2021, marking a rise of 42.99 per cent from the same quarter last year on the back of higher demand of oil products. Reliance Industries total expenses in the quarter jumped almost 45 per cent annually to Rs 1,59...
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Nearly 25 Kg Heroin Concealed In Oil Cans Seized At Mumbai Port
Over 25 kg of heroin was seized from a container in Nhava Sheva Port in Navi Mumbai in a raid by the Directorate of Revenue Intelligence's (DRI) Mumbai zonal unit.
-
India Seeks Lower Oil Prices As High Pump Prices Bite
Last year, India raised taxes on sales of gasoil and gasoline, instead of passing on the benefits of lower oil prices to consumers, to boost revenue to fund welfare schemes
