Search For "crude"
"India has adequate energy supplies": Union Minister Puri amid Iran-Israel
Updated : 9 months ago IST
The oil supply update by the minister attaches importance, given that the international oil prices shot up sharply post the early morning attack on Iran by Israel. At the time of filing this report, crude oil WTI futures were trading 6 per cent higher at USD 72.04 per barrel.
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Centre reduces basic custom duty on major imported crude edible oils from
Updated : 9 months ago IST
The central government on Wednesday reduced Basic Custom duty (BCD) on major imported crude edible oils from 20 per cent to 10 per cent.
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US faces steeper crude oil production decline than previously anticipated:
Updated : 9 months ago IST
The US is facing a deceleration of crude oil production growth in 2025 than previously anticipated, according to a new analysis by S&P Global Commodity Insights.
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Visakh Refinery's processing capacity increases to 15 million tonnes
Updated : 9 months, 1 week ago IST
"At Visakh Refinery, 10 years ago, we were 8.33 million tonnes. That was our nameplate capacity. We used to process around 9 million, and now we have grown," the Executive Director of Visakh Refinery told ANI.
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India eyes expanded US energy imports to diversify sources, balance trade
Updated : 9 months, 1 week ago IST
India is exploring increased imports of American shale gas, liquefied natural gas, and crude oil to diversify its energy sources and leverage competitive US pricing, a senior official said as both countries prepare for fresh bilateral trade negotiations.
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Govt has taken measures to keep oil prices in control for consumers: Harde
Updated : 9 months, 2 weeks ago IST
Puri mentioned that the government had reduced the cess on petrol and diesel in November 2021 and May 2022, leading to price reductions of Rs 13 and Rs 16 per liter, respectively. He attributed this to the combined efforts of the central and state governments in reducing taxes.
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Global crude prices to trade with a downward bias in 2025 in range of USD
Updated : 9 months, 3 weeks ago IST
Global crude oil prices are likely to trade with a downward bias in 2025, according to a recent report by ICICI Bank.
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IIT Alumni Council to Co-Create India's first Global Shipbuilding Research
Updated : 9 months, 3 weeks ago IST
New Delhi [India], May 22: IIT Alumni Council to act as sponsor and knowledge partner to co-create a green-shipping-focused research institute and university. The institute would be a part of the shipbuilding megacity being created on the Indian coast. This greenfield facility will cater to
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Oil companies losses on LPG expected to decrease by around 45% in FY26 if
Updated : 10 months ago IST
LPG losses incurred by oil marketing companies (OMCs) are expected to decrease by around 45 per cent in FY26 if crude oil prices remain stable at USD 65 per barrel, according to a report by CareEdge Ratings.
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US may reduce oil production because of sluggish demand and falling crude
Updated : 10 months ago IST
United States may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.
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Police seize crude weapons in Andhra's Macherla
Updated : 10 months, 2 weeks ago IST
In a significant crackdown, police launched a massive cordon and search operation in Macherla town of Andhra Pradesh's Palnadu district on Saturday, recovering a large cache of crude weapons like knives, axes and seizing several vehicles without proper documents.
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Odisha Governor Kambhampati urges citizens to embrace renewable energy
Updated : 10 months, 2 weeks ago IST
In a strong push for environmental protection and sustainable living, Odisha Governor Dr Hari Babu Kambhampati has urged citizens to embrace green energy to reduce pollution, safeguard the planet and save much-needed foreign exchange by reducing the import of crude oil.
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