Search For "global oil"
Policy overhaul, windfall tax removal to draw in global oil companies in I
Updated : 1 year, 3 months ago IST
India's move to broaden the scope of its exploration policy beyond petroleum and natural gas while lately abolishing a windfall tax on domestically produced crude oil will likely draw in private and foreign entities to the upstream energy sector, according to S&P Global Commodity Insight
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Global oil supply is secure, with countries like Brazil, the US and Canada
Updated : 1 year, 4 months ago IST
During an interaction with media in New Delhi on Thursday, he explained, "All concerned with is that the major consuming countries are not likely to face any shortfall of supplies on account of the fact, that more and more oil is coming onto the market. The Brazilians who have a production o
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Global oil prices would have hit the roof if India had not bought oil from
Updated : 1 year, 4 months ago IST
Union Minister Hardeep Singh Puri emphasized that global oil prices would have increased tremendously if India had not purchased oil from Russia.
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Union Minister Hardeep Puri holds key talks with OPEC chief, eyes balanced
Updated : 1 year, 4 months ago IST
Union Minister Hardeep Singh Puri met with HE Haitham Al-Ghais, Secretary General of Organization of the Petroleum Exporting Countries (OPEC) on Moday at the ADIPEC conference in Abu Dhabi to discuss India's partnership with OPEC.
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Singapore's Elite Global Oil & Gas Group Launches New Compex Training
Updated : 1 year, 4 months ago IST
Chennai (Tamil Nadu) [India], October 29: ELITE Global Oil & Gas, a Singapore-based Group of Companies, has recently inaugurated its CompEx Training Centre in Crescent University Campus, Chennai, India.
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US: Biden "in discussion" on possible strikes on Iran oil facilities
Updated : 1 year, 5 months ago IST
Oil prices added to earlier gains after President Joe Biden suggested that US and Israeli officials were discussing a possible strike by Israel against Iranian oil facilities, the Washington Post reported
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Pak govt raises petrol by PKR 9.99, diesel by PKR 6.18 due to global marke
Updated : 1 year, 8 months ago IST
According to a notification from the Finance Division, petrol prices surged by PKR 9.99 per litre, reaching PKR 275.6/ltr, while HSD saw a rise of PKR 6.18/ltr, settling at PKR 283.63/ltr for the upcoming fortnight.
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IEA's new outlook predicts era of abundant oil supply until 2030; good for
Updated : 1 year, 9 months ago IST
The International Energy Agency (IEA) has released its latest medium-term oil market outlook, which examines how India's involvement in the global oil market may change between now and 2030. The report examines energy transition patterns that may affect oil demand in various industries, and
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Hardeep Puri holds talks with OPEC Secy-General; discusses volatility in g
Updated : 1 year, 10 months ago IST
As one of the world's fastest-growing economies, India is committed to supporting efforts to achieve balance in global energy markets, said Hardeep Puri during the conversation, the Ministry of Petroleum and natural Gas said in a press release.
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If Middle east tension escalates, India's inflation, growth and BoP may se
Updated : 1 year, 11 months ago IST
With approximately 20 million barrels per day of crude oil and condensate passing through the Strait of Hormuz, equivalent to about a fifth of global consumption, any disturbance in this key maritime route reverberates across the world.
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Oil demand will grow 2.25 million bpd: OPEC
Updated : 1 year, 11 months ago IST
In its monthly report, OPEC predicted robust fuel use in the summer months and stuck to its forecast for relatively strong growth in global oil demand in 2024
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"Forcing Russia to sell oil at bigger discounts to India": US treasury off
Updated : 1 year, 11 months ago IST
"We know that the Indian economy is much at stake in the Russia World Trade and as much at stake for the global supply disruptions that the price cap is designed to afford the price caps calls or to limit these revenues and maintain global oil supply essentially by creating a mechanism fo
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