Search For "barrels"
If Middle east tension escalates, India's inflation, growth and BoP may se
Updated : 2 years, 1 month ago IST
With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
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Tripura: Police seize 1282 kg of dry 'ganja' valued at Rs 65 lakh; one arr
Updated : 2 years, 1 month ago IST
Upon inspection, a total of 14 drums/barrels containing the contraband were discovered, totalling 1,282 kg of dry ganja. The seized substance holds an estimated market value of approximately Rs 65 lakh, added the police.
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Madhya Pradesh ATS seizes 360 barrels from Surat in crackdown on illegal a
Updated : 2 years, 1 month ago IST
The Madhya Pradesh Anti-Terrorism Squad (ATS) on Thursday claimed to have confiscated 360 barrels used in making pistols from Gujarat's Surat, along with the arrest of three persons for their alleged involvement in the illegal arms trade.
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Commodity watch: Global trends unveiled for OPEC Adjusts, EU carbon plumme
Updated : 2 years, 3 months ago IST
In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates, trimming the "call" on its crude by 90,000 barrels per day (b/d) in 2024 and 110,000 b/d in 2025 compared to January's figures. Despite this, OPEC remains bullish on global consumpt
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South Korean refiners optimistic about refining margins, secure ample Saud
Updated : 2 years, 3 months ago IST
According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first quarter, feedstock managers ensured a steady flow of Saudi barrels, reflecting confidence in the market's resilience.
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Telangana: Fire breaks out at barrel company complex in Rangareddy; no cas
Updated : 2 years, 4 months ago IST
According to Rajendra Nagar Fire Officer, Chandra Nayak," Fire broke out in a barrel manufacturing company complex in Rangareddy district. The complex where the fire broke out manufactures barrels and paints them."
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Venezuela agrees to supply oil to India in lieu of pending dividend, says
Updated : 2 years, 4 months ago IST
Venezuela, a historical player in the global oil industry, has been producing oil since 1914. With proven oil reserves of 299,953,000,000 barrels, as of 2016, Venezuela stands as one of the world's leading holders of oil reserves, representing about 18.2 per cent of the global total.
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India's Russian crude imports prevented price surge in global oil market
Updated : 2 years, 4 months ago IST
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.
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India's October oil demand rises 1.6% MoM; 2023 annual growth revised: S&a
Updated : 2 years, 6 months ago IST
Overall, India's oil demand is expected to grow by 258,000 barrels per day in 2023, revised higher by 9,000 bpd from the last update citing strong diesel sales.
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Russia to carry on voluntary oil export cuts by 300,000 barrels a day unti
Updated : 2 years, 6 months ago IST
Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until 2023 end, reported Russian news agency TASS.
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S&P Global Commodity Insights upwardly revises India daily fuel demand
Updated : 2 years, 7 months ago IST
S&P Global Commodity Insights said oil demand in India is expected to grow by 249,000 barrels per day in 2023, revised higher by 10,000 bpd from its last update.
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US confirms seizing cargo containing Iranian oil earlier this year
Updated : 2 years, 8 months ago IST
The United States Department of Justice confirmed on Friday that it seized a cargo containing nearly one million barrels of Iranian oil earlier this year, Al Jazeera reported.
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