Search For "crude"
South Korean refiners optimistic about refining margins, secure ample Saud
Updated : 2 years 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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Bengaluru: Customs seize gold pieces worth Rs over 17 lakh
Updated : 2 years, 1 month ago IST
Officials of Bengaluru Air Customs seized gold-cut pieces weighing 279. 5 grams worth Rs 17 lakh from a passenger on Thursday.
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OPEC+ output witnesses biggest drop in six months, falling short of agreed
Updated : 2 years, 1 month ago IST
In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary cuts implemented by some members and disruptions in Libya's largest oil field due to protests.
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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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Gaza conflict exposes China's weakness in Middle East
Updated : 2 years, 1 month ago IST
China is charting a careful path, simultaneously seeking to undermine the USA and curry favor with Arab states. Its risk-avoidance strategy can perhaps best be described as anti-Western neutrality. Approximately one million Chinese work in the Middle East, while the majority of China's oi
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Hardeep Puri met Nigerian junior petroleum minister, oil major NNPC's CEO
Updated : 2 years, 1 month 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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"First oil extracted...30 kilometres off the coast of Kakinada in Krishna
Updated : 2 years, 2 months ago IST
State-owned oil company ONGC has commenced "first oil" production from Krishna Godavari Deep-Water Block 98/2 in the Bay of Bengal, marking new crude discovery in the country.
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Red Sea threats unlikely to deter Russia's dominance as India's top crude
Updated : 2 years, 2 months ago IST
According to S&P Global Commodity Insights, India's resilient demand for Russian crude, constituting over 35 per cent of its total imports in 2023, remains steadfast.
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