Search For "oil supply"
Despite geopolitical conflict, prolonged oil supply disruption is unlikely
Updated : 8 months, 3 weeks ago IST
There won't be a prolonged disruption to oil supplies, as there is no likelihood of escalation in the US-Iran conflict, noted a research report by UBS.
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"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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India will drive global oil consumption growth: Phillip Capital
Updated : 12 months ago IST
"With GDP growth projections above 6 per cent annually, India's energy demand will continue to soar, and the country will remain heavily reliant on fossil fuels, including oil, to meet its needs," said the report.
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Today there's more oil in market than takers: Union Minister Hardeep Puri
Updated : 1 year, 1 month ago IST
"India has diversified its sources of Oil supply, earlier we were importing crude oil from 27 countries now we are importing from 39 countries. If I can buy some from some source and I can buy it at a cheaper price, we are the winners," the Union Minister said in a BBC interview.
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Global oil supply is secure, with countries like Brazil, the US and Canada
Updated : 1 year, 3 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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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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Pak: Oil tanker owners halt fuel supply, demand fair treatment
Updated : 1 year, 11 months ago IST
The Association announced on Monday that fuel supply would remain suspended from Tuesday, citing what they deemed as 'unfair' measurement practices by the authorities.
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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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OPEC+ extends output cuts through Q2; Russia announces additional reductio
Updated : 2 years ago IST
According to S&P Global Commodity Insights (GCI), this decision comes amidst ongoing efforts to stabilize oil markets and counteract increasing output from rival producers such as the US and Brazil.
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India didn't undermine its commitment to sustainability: Hardeep Puri at W
Updated : 2 years, 1 month 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, 1 month 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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Venezuela agrees to supply oil to India in lieu of pending dividend, says
Updated : 2 years, 2 months ago IST
Venezuela, a historical player in the global oil industry, has been producing oil since 1914. With proven oil reserves of 299,953,000,000 barrels, as of 2016, Venezuela stands as one of the world's leading holders of oil reserves, representing about 18.2 per cent of the global total.
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