Search For "crude oil"
Govt may save over Rs 60,000 crore on Crude imports this fiscal: Experts
Updated : 1 year, 6 months ago IST
With the softening of crude prices in the international market, it is estimated that the government may save up to Rs 60,000 crore on crude imports this fiscal as compared to last year.
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Decreased oil exports, because of lower crude prices increasing India's tr
Updated : 1 year, 6 months ago IST
India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in the country's overall exports in August, according to a report by CRISIL.
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Declining shipments of petroleum products hurting India's overall export f
Updated : 1 year, 6 months ago IST
A substantial decline in the prices of crude oil and similarly petroleum products is one of the key reasons behind the moderating exports globally, including India which exports refined products to various countries.
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India's exports to Kuwait surged by 34.78 per cent Y-o-Y to USD 2.1 bn
Updated : 1 year, 6 months ago IST
India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an impressive USDS 2.10 billion in the fiscal year 2023-24, as per the official data by Ministry of Commerce and Industry.
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Ethanol blending percentage surges from 1.53 pc in 2014 to 15 pc in 2024:
Updated : 1 year, 6 months ago IST
The government has set a goal of reaching 20 per cent blending by 2025 and is making strides towards this target. Over the past decade, this initiative has yielded substantial benefits, such as saving Rs 99,014 crore in foreign exchange, cutting CO2 emissions by 519 lakh metric tons, and sub
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Union Minister Hardeep Puri wishes Indian Oil on 65th establishment day
Updated : 1 year, 6 months ago IST
On the 65th establishment day of Indian Oil, Union Minister of Petroleum and Natural Gas Hardeep Singh Puri stated that when the entire world suffered 40-70 per cent fuel inflation in the last three years, Indian Oil kept Indian citizens insulated from soaring global fuel prices.
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Index for Core Industries increases 6.1% in July 2024
Updated : 1 year, 6 months ago IST
The index measures the combined and individual performance of the production of eight core industries -- coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.
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Indian stock indices witness a steady start to a new week; Sensex-Nifty la
Updated : 1 year, 7 months ago IST
The benchmark indices Sensex and Nifty closed flat on Monday. The market in the initial trading hours was buoyed by the reduction in windfall tax on crude oil and favourable global cues, ending flat after the trading session.
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OPEC cuts oil demand forecast for 2024 due to weak intake from China
Updated : 1 year, 7 months ago IST
The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.
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Numaligarh Refinery's expansion will augment crude refining capacity: Hard
Updated : 1 year, 7 months ago IST
A pipeline of around 1640 km is being laid from Paradip Port to Numaligarh for transporting imported crude. Numaligarh Rfinery's expansion will increase overall crude oil processing capacity and it is scheduled to be completed by 2024. Environmental clearance was obtained for the project on
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Crude prices to average at USD 83-88 in FY25, may increase govt fiscal bur
Updated : 1 year, 8 months ago IST
The average crude oil prices are expected to surge in the fiscal year 2025 as compared to the previous year, highlights a report by Crisil.
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Coal sector leads core industries with record 10.2 pc growth in May 2024
Updated : 1 year, 8 months ago IST
According to a press release by the Ministry of Coal, the ICI, which monitors the production performance of eight core industries--cement, coal, crude oil, electricity, fertilizers, natural gas, refinery products, and steel--reported a combined index increase of 6.3 per cent for May 2024.
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