Search For "crude oil"
India leads surge in demand as oil anxiety subsides and gold prices rise
Updated : 1 year, 10 months ago IST
In April 2024, Brent Crude Oil prices hovered around USD 89.4 per barrel, experiencing a slight ease due to concerns over global demand and a stronger dollar index.
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Combined Index of eight core industries increases by 5.2 pc in March
Updated : 1 year, 10 months ago IST
The combined Index of Eight Core Industries (ICI) increased by 5.2 per cent (provisional) in March, 2024 as compared to the Index in March, 2023
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Indian warship responds to attack on Panama-flagged vessel
Updated : 1 year, 11 months ago IST
Indian warship, INS Kochi on Sunday responded to the maritime security incident involving an attack on a Panama-flagged crude oil tanker, MV Andromeda Star PM, Indian Navy said in a statement on Sunday.
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If Middle east tension escalates, India's inflation, growth and BoP may se
Updated : 1 year, 11 months 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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Crude oil prices can hit USD 100 a barrel in 2024 if OPEC maintains cuts:
Updated : 1 year, 11 months ago IST
According to S&P Global Commodity Insights, Russell Hardy, the CEO of Vitol, delivered this forecast, indicating that spot crude prices could surge to USD 100/b later this year if Organization of the Petroleum Exporting Countries (OPEC+) continues its production discipline and persists i
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Oil prices hit 6-month high, igniting inflation fears and economic uncerta
Updated : 1 year, 11 months ago IST
This sudden and significant uptick in oil prices has sent reverberations throughout global financial markets, reigniting fears of inflationary pressures and prompting deep concerns among central bankers, policymakers, and investors alike.
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Octa research: commodity performers in 2023
Updated : 1 year, 11 months ago IST
New Delhi [India], April 4: Commodity trading offers investors lucrative trading opportunities. In 2023, some commodity asset categories have shown double-digit returns, and some will do the opposite. Octa, in the article, talks about commodity performers in 2023.
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Asian crude buyers unlikely to face supply squeeze as OPEC+ navigates supp
Updated : 2 years ago IST
The recent decisions by OPEC+ and Russia to extend production cuts have provided a semblance of clarity in the near-term supply trajectory for global crude oil and Asian crude buyers are unlikely to face a supply squeeze as plentiful non-OPEC supplies are set to fill the potential void, trad
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Rs 2.2 lakh crore revenue foregone due to excise duty cuts on petrol, dies
Updated : 2 years ago IST
The minister talked about the steps taken by the Modi government to reduce and maintain fuel prices despite fluctuations in global crude oil prices
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Our policy of 'nation first' helped manage oil prices despite global confl
Updated : 2 years ago IST
Stating that India's policy was 'Nation First' and the consumer was 'paramount', Union Minister Hardeep Singh Puri said that the Centre was able to keep oil prices from shooting up despite global turbulence amid the Russia-Ukraine conflict and drone attacks on merchant ships in the Red Se
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India talking to Guyana, Suriname, Namibia for oil import: Union Minister
Updated : 2 years ago IST
India has been talking to Guyana, Suriname and Namibia regarding oil cooperation, informed Union Petroleum Minister Hardeep Singh Puri on Monday while asserting that there is no shortage of crude oil globally.
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Indian Coast Guard upgrades infra in crude oil hub in Gulf of Kutch near J
Updated : 2 years ago IST
Amid growing security concerns in the maritime zones, the Indian Coast Guard has upgraded its security infrastructure in India's crude oil hub in the Gulf of Kutch near Jamnagar where 70 per cent of Indian crude oil imports are received and major refineries, including that of Reliance are
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