Search For "crude oil"
"We can process Venezuelan crude if made available": IOCL Chairman
Updated : 2 months ago IST
Chairman of Indian Oil Corporation Ltd (IOCL), A S Sahney, said that Indian refineries are "robust" and can process Venezuelan crude if it becomes available.
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India's chemical sector facing risk from China overcapacity, high crude pr
Updated : 2 months, 1 week ago IST
The chemical sector in the country is facing multiple structural and macroeconomic risks, with challenges ranging from China's persistent overcapacities to elevated crude oil prices and weak demand in key western markets, according to a report by Nuvama.
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IOCL, BPCL joint venture discovers light crude oil in Abu Dhabi's Onshore
Updated : 2 months, 1 week ago IST
In a boost for India's energy footprint, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday announced the discovery of light crude oil in Abu Dhabi's Onshore Block 1.
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Venezuela crisis to have no impact on India, its companies: Crisil
Updated : 2 months, 1 week ago IST
Crisil Ratings does not expect the US action in Venezuela to have any material impact on India's global trade or the credit quality of Indian corporates.
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Nifty, Sensex open cautious amid Iran unrest, rising crude prices; both in
Updated : 2 months, 1 week ago IST
The dark clouds of selling pressure continued to hover over Indian stock markets on Monday opening as investors remained cautious amid ongoing unrest in Iran and a surge in crude oil prices.
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Adani's Mundra Port berths nation's first fully laden very large crude car
Updated : 2 months, 2 weeks ago IST
Adani Ports and Special Economic Zone Ltd. (APSEZ) on Thursday announced the berthing of India's first-ever fully laden Very Large Crude Carrier (VLCC) at its Mundra Port.
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US continues to dictate terms in Venezuela; interim govt agrees to release
Updated : 2 months, 2 weeks ago IST
White House Press Secretary Karoline Leavitt on Wednesday stated that Washington is currently working closely with interim authorities in Venezuela, who have agreed to release millions of barrels of sanctioned crude to the US, underscoring Washington's leverage over the South American nation
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US to "selectively" roll back sanctions to sell Venezuelan crude, announce
Updated : 2 months, 2 weeks ago IST
he United States on Wednesday announced a major energy initiative with Venezuela following its military operations last week, rolling back select sanctions to market Venezuelan crude oil globally while stabilising the South American nation's energy sector.
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US-Venezuela tensions unlikely to impact India's oil security: Report
Updated : 2 months, 2 weeks ago IST
The resurgence of geopolitical tensions between the United States and Venezuela is unlikely to pose any significant risk to India's oil security or trade position, according to a research note by Bank of Baroda.
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Crude oil prices expected to decline to USD 50 per barrel by June 2026: SB
Updated : 2 months, 2 weeks ago IST
Global crude oil prices are expected to soften significantly in 2026, with Brent crude likely to decline to around USD 50 per barrel by June 2026, according to a report by State Bank of India.
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Reliance rejects claims of Russian Oil cargos coming to Jamnagar refinery,
Updated : 2 months, 2 weeks ago IST
In a statement posted on X on Tuesday, Reliance Industries Limited said a Bloomberg report claiming that "three vessels laden with Russian Oil are heading for Reliance Industries Limited's Jamnagar refinery" was incorrect. The company said its Jamnagar refinery has not received any Russia
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Venezuela crisis unlikely to have major impact on gold, silver and oil pri
Updated : 2 months, 2 weeks ago IST
The ongoing crisis involving Venezuela is unlikely to have a significant impact on global prices of gold, silver and crude oil, as the country has already been under sanctions for several years and plays a limited role in formal global supply chains, experts said while reacting to the rec
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