Search For "oil"
India well prepared to deal with closure of Strait of Hormuz by Iran: Unio
Updated : 9 months, 1 week ago IST
"The Modi government has, over the past several years, not only ensured the stability of supplies but also affordability. We will take all necessary measures to ensure that," Puri told ANI.
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Iran is considering closing the Strait of Hormuz: Reports
Updated : 9 months, 1 week ago IST
Roughly 20 per cent of global oil and a significant portion of natural gas pass through the Strait. Europe imports oil and liquefied natural gas (LNG) from Gulf states--Saudi Arabia, Qatar, UAE-- much of which travels through the Strait. If Iran blocks it, global oil prices would spike, a
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If Iran attacks US bases in other countries, then America will want to str
Updated : 9 months, 1 week ago IST
Sareen, while talking to ANI, said that if Iran blocks the Strait of Hormuz, from where almost 30% of the world's oil flows, it will have a global impact.
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Russia unveils innovation to derive fats from microbes
Updated : 9 months, 1 week ago IST
Traditional fat extraction methods are heavily dependent on agriculture, requiring costly equipment, seasonal crops and a significant labour force.
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Duty reduction on crude edible oils beneficial for both refiners, consumer
Updated : 9 months, 1 week ago IST
On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm Oil (CPO), Crude Soybean Oil, and Crude Sunflower Oil -- lowering it from 20 per cent to 10 per cent.
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Abram Food Limited plans to raise up to Rs. 13.99 crore from public issue,
Updated : 9 months, 1 week ago IST
New Delhi [India], June 21: New Delhi based Abram Food Limited is planning to raise Rs. 13.99 crore from its SME public issue. Incorporated in the year 2009, the company is engaged in the manufacturing and trading of Chana Dal, Flour (Chakki Atta), Besan, Multi Grain Atta, Maida, Sooji, Spic
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Brent crude prices to remain at USD 70/bbl in FY26 despite Israel-Iran con
Updated : 9 months, 1 week ago IST
Despite recent volatility and rising conflicts between Israel and Iran, Brent crude oil prices are expected to average around USD 70 per barrel in FY26, according to a report by Emkay Research.
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Surge in oil prices amid middle east tensions poses fresh challenges for I
Updated : 9 months, 1 week ago IST
Indian airlines are facing renewed pressure on profitability as escalating tensions in the Middle East threaten to push global crude oil prices to USD 100 per barrel, according to a report by Nuvama.
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US Fed keeps benchmark interest rate unchanged
Updated : 9 months, 1 week ago IST
The US Federal Reserve on Wednesday decided to keep benchmark interest rate unchanged at a range of 4.25 to 4.5 percent, amid ongoing trade policy shifts and growing pressure from President Donald Trump, The Hill reported.
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"There will be stability in prices": Union Minister Puri on shortage fear
Updated : 9 months, 1 week ago IST
Amid escalating tensions between Israel and Iran, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday assured that India has sufficient petrol and diesel reserves and that India need not to worry, as it also has enough energy supplies for the coming months.
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"There will be no shortage of crude oil," assures Hardeep Singh Puri
Updated : 9 months, 1 week ago IST
Hardeep Singh Puri, Union Minister for Petroleum and Natural Gas, on Wednesday assured that there will be no shortage of crude oil and projected stability in fuel prices, despite global uncertainties.
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Surge in crude prices poses risk to India's current account deficit as eve
Updated : 9 months, 2 weeks ago IST
Amid rising global crude prices, India's current account deficit (CAD) for FY25 faces an upward risk, as every USD 10 per barrel increase in oil prices can worsen the annual CAD by nearly USD 15 billion, according to a report by Union Bank of India (UBI).
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