Search For "crude"
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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Canada oil sands producers anticipate expansion in 2024, await pipeline im
Updated : 2 years, 2 months ago IST
According to a press release by the S&P Global Commodity Insights, industry participants anticipate that the Trans Mountain Expansion (TMX) pipeline, scheduled to commence commercial operations in the first quarter of 2024, will be a game-changer for Western Canadian oil sands crude expo
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S&P Global Commodity insights: Russian crude demand in India holds fir
Updated : 2 years, 2 months ago IST
Analysis from S&P Global Commodity Insights indicates that while Indian refineries have moderated their appetite for Russian crude in recent months compared to the first half of 2023, Russia maintains its position as the top supplier, contributing over 35 per cent of India's total crude
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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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India's Russian crude imports prevented price surge in global oil market
Updated : 2 years, 2 months ago IST
The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude oil market and preventing a surge in prices by approximately USD 30-USD 40 per barrel.
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Global oil diplomacy 2024: Abundant crude supplies offer Biden strategic l
Updated : 2 years, 2 months ago IST
As per S&P Global, while US gasoline prices hold significance in an election year, experts suggest that increased global oil supplies, driven in part by enhanced US oil production, provide the administration with some flexibility in its approach to geopolitical challenges.
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India's energy odyssey: Navigating global oil challenges and forging a sus
Updated : 2 years, 2 months ago IST
The International Energy Agency's (IEA) Oil Market Report (OMR) stands as a beacon of insight into this labyrinthine landscape, offering authoritative data and timely analysis.
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Houthi attack: Navy denies US claim, says MV SAIBABA tank not India-flagge
Updated : 2 years, 2 months ago IST
Following a drone attack on two vessels in the Red Sea by the Iran-backed Houthi militants, which included MV SAIBABA, a crude oil tanker; the Indian Navy on Sunday said all 25 Indian crew members on board are safe, clarifying that it wasn't an India-flagged vessel, as claimed by the US e
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Kuwait oil price up 33 cents to USD 81.98 pb
Updated : 2 years, 2 months ago IST
The price of Kuwaiti crude oil went up by 33 cents to USD 81.98 per barrel on Friday, compared with USD 81.65 pb on Thursday, said Kuwait Petroleum Corporation (KPC) on Saturday.
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