Tag: Crude oil
17 Results
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Demand for Russian crude rises in India, China: Reports
Vessel tracking data suggest that the demand for Russian crude oil seems to be picking up, especially among India, China, and Turkey, according to media reports.
October 19, 2022 -
Several measures taken to control crude oil volatility: Puri
Puri, who was speaking at a programme called the ‘Open House with the Union Minister of Petroleum and Natural Gas, and Housing and Urban Affairs’ here, said India has demonstrated a great deal of resilience in the face of global energy crisis.
September 10, 2022 -
From 2 per cent to 13 per cent, Nirmala Sitharaman explains India’s Russian crude oil import
Addressing an event organised by the ICRIER, Sitharaman said credit must be given to PM Narendra Modi's statesmanship to take the decision of boosting imports of Russian oil at discounts as it helped in reducing the import bills.
September 8, 2022 -
Indian stocks decline for second straight session, latest rally seems to fade
Indian stocks seemed to have lost some steam as they declined for the second consecutive session on Monday primarily due to mild profit booking.
August 22, 2022 -
The impact of high crude oil prices in India
As OPEC evidently doesn't have a role in the demand for crude oil, it has full control over the supply chain, and hence in order to influence the price, they simply increase or decrease the price.
January 19, 2022 -
India plans to release about 5 million barrels of crude oil from strategic reserves
Further, sources said that some other countries are also likely to come with such measures to cool off crude oil prices in the international market.
November 23, 2021 -
Crude oil futures dip on weak spot demand
On the Multi Commodity Exchange, CRUDE oil for the October delivery dropped by Rs 154, to Rs 5,662 per barrel with a business volume of 8,389 lots.
October 7, 2021 -
WPI inflation spikes to over 8-year high of 7.39% in March
Inflation in food articles in March was 3.24 per cent as prices of pulses, fruits and paddy hardened.
April 15, 2021 -
Petrol, diesel prices remain unchanged as crude prices firm
Earlier, the petrol and diesel prices increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year.
April 14, 2021 -
OPEC, allies will gradually increase oil production in the coming months
The oil cartel and its allied nations agreed to add back some 2 million barrels per barrel per day of oil production from May to July.
April 2, 2021 -
OMCs reduce petrol price by 22 paise, diesel by 23 paise
Diesel, on the other hand, was at Rs 87.96 in Mumbai, Rs 85.88 in Chennai and Rs 83.75 per litre in Kolkata.
March 30, 2021 -
Domestic fuel prices may slip soon. Here’s why
This latest fall comes after a massive wave of Covid-19 infections continued to impact large parts of Europe.
March 29, 2021 -
India’s firm stand on OPEC+ production cut ensures complete oil supply
India has been hit hard by soaring oil prices and urged producers to ease the output cut to back the global economy to recover.
March 13, 2021 -
OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year
Earlier this week, Pradhan had said India, where fuel demand is recovering to pre-pandemic levels, wants reasonable and responsible oil prices.
March 5, 2021 -
Petrol at Rs 89 in Delhi, crosses Rs 100-mark in Rajasthan, MP
In the last seven days, the price has gone up by Rs 2.36 per litre for petrol while diesel rate has risen by Rs 2.91 a litre.
February 16, 2021 -
Petrol, diesel prices hiked for 4th day in a row. See fuel rates in your city
Petrol prices in Mumbai remained close to Rs 100 as its retail prices now are Rs 94.64 a litre. Diesel is also the most expensive in Mumbai at Rs 85.32 a litre.
February 12, 2021 -
Oil marketing companies increased petrol, diesel prices again. Check latest fuel rates here
Petrol prices in Mumbai inched closer to Rs 100 as its retail prices now are Rs 94.12 a litre. Diesel is also the most expensive in Mumbai at Rs 84.63 a litre.
February 10, 2021