Crude jitters: Stocks dip as global prices react to ME tensions

With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz,...

Tripura: Police seize 1282 kg of dry ganja valued at Rs 65 lakh

Upon inspection, a total of 14 drums/barrels containing the contraband were discovered, totalling 1,282 kg of dry...

Madhya Pradesh ATS seizes 360 barrels from Surat, 3 held

The Madhya Pradesh Anti-Terrorism Squad (ATS) on Thursday claimed to have confiscated 360 barrels used in making...

Commodity watch: Global trends unveiled

In its monthly market outlook, OPEC made slight adjustments to its members' required oil production estimates,...

South Korean refiners optimistic about refining margins

According to S&P Global Commodity Insights, despite Saudi Arabia's commitment to production cuts in the first...

Fire breaks out at barrel company complex in Rangareddy

According to Rajendra Nagar Fire Officer, Chandra Nayak," Fire broke out in a barrel manufacturing company complex...

Venezuela agrees to supply oil to India; says Petroleum Secy

Venezuela, a historical player in the global oil industry, has been producing oil since 1914. With proven oil...

India's Russian crude imports prevented price surge in oil

The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal...

India’s October oil demand rises 1.6% MoM: Report

Overall, India's oil demand is expected to grow by 258,000 barrels per day in 2023, revised higher by 9,000 bpd from...

Russia to carry on voluntary oil export cuts by 300,000 barrels a

Russia will continue additional voluntary oil export cuts by 300,000 barrels a day until 2023 end, reported Russian...

S&P Global Commodity Insights revises India daily fuel demand

S&P Global Commodity Insights said oil demand in India is expected to grow by 249,000 barrels per day in 2023,...

US confirms seizing cargo containing Iranian oil

The United States Department of Justice confirmed on Friday that it seized a cargo containing nearly one million...