Search For "crude oil"
South Korean refiners optimistic about refining margins, secure ample Saud
Updated : 2 years, 1 month 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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Crude recovers slightly after last week's losses
Updated : 2 years, 1 month ago IST
According to S&P Global Commodity Insights, the Intercontinental Exchange (ICE) April Brent futures contract rose by 21 cents/b (0.27 per cent) to USD 77.54/b, while the New York Mercantile Exchange (NYMEX) March light sweet crude contract increased by 11 cents/b (0.15 per cent) to USD 7
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Hardeep Puri met Nigerian junior petroleum minister, oil major NNPC's CEO
Updated : 2 years, 2 months ago IST
Nigeria is a major hydrocarbons producer in Africa and its production is the mainstay of the country's economy. Oil and natural gas revenue is the country's primary source of foreign exchange earnings.
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India didn't undermine its commitment to sustainability: Hardeep Puri at W
Updated : 2 years, 2 months ago IST
Union Petroleum Minister Hardeep Singh Puri on Tuesday said that India is making a transition to sustainability so as to deliver basic welfare to a large and growing population amidst the multiple crises the world is facing.
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"India's ascent to USD 4 trillion economy fueled by robust growth": Hardee
Updated : 2 years, 2 months ago IST
India, the world's third-biggest oil importer and consumer, is dependent on crude oil from various sources in the global market to meet its domestic demand.
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Crude oil prices surge after US, UK strike Houthi targets
Updated : 2 years, 2 months ago IST
The attacks by the Houthi rebels have forced ships to take longer routes around Africa, presenting challenges to global trade logistics.
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Shell and Harbour energy enter arbitration over pricing for UK crudes amid
Updated : 2 years, 2 months ago IST
According to S&P Global Commodity Insights This conflict arises as a consequence of EU sanctions against Russia, which triggered changes in Urals crude oil price assessments by Platts, affecting the pricing mechanism for West Shetland crudes, as revealed by Harbour Energy on January 11.
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Crude oil futures surge to six-session high amid rising tensions in Middle
Updated : 2 years, 2 months ago IST
According to S&P Global Commodity Insights (GCI), the decision by A.P. Moller-Maersk, one of the world's largest shipping lines, to divert its ships from the Red Sea and the Gulf of Aden to the Cape of Good Hope for "the foreseeable future" heightened apprehensions about the impact on se
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Cabinet approves MoU between India, Guyana on cooperation in hydrocarbons
Updated : 2 years, 2 months ago IST
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the signing of a Memorandum of Understanding (MoU) between the Ministry of Petroleum and Natural Gas, India and the Ministry of Natural Resources, Guyana, on cooperation in the hydrocarbon sector.
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"No control on looting by Modi government": Congress Chief slams centre ov
Updated : 2 years, 2 months ago IST
In a post on X, the Congress chief claimed that oil companies in the country are earning Rs 8 to Rs 10 profit from the public on every litre of petrol and Rs 3 to Rs 4 profit on diesel.
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UAE: Dragon Oil commences production of crude oil from Al Wasl field in Eg
Updated : 2 years, 2 months ago IST
The agreement, which was reached with APM Terminals, has obtained all regulatory and stakeholder approvals and the change of ownership will take place effective immediately
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Priyanka Gandhi slams Centre over rising fuel prices, inflation
Updated : 2 years, 2 months ago IST
Congress leader Priyanka Gandhi Vadra on Saturday slammed the Centre over the rising fuel prices and inflation in the country. "Crude oil has become cheaper by 29% in the international market in 19 months. Oil companies have earned Rs 1.32 lakh crore profit in six months. The burden of their
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