Crude Oil
- World
Sanctions against Russia to have no major impact: IOC Chief
Davos: Any further sanctions against Russia will not have any impact on India’s crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all…
- Business
India’s demand for petroleum products expected to rise
New Delhi: India’s demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four percent in the current financial year ending on March 31, 2025,…
- Middle East
Turkey denies oil exports to Israel
Ankara: Turkey on Monday denied reports claiming that it is allowing crude oil shipments to Israel via the Baku-Tbilisi-Ceyhan (BTC) pipeline. The BTC pipeline, which originates in Azerbaijan and passes through Georgia…
- World
OPEC+ members extend voluntary oil output cuts by one month
Vienna: Eight member countries of the OPEC+ oil-producing group have announced to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to…
- India
Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar
New Delhi: With elevated crude oil prices amid global geo-political situations, the rupee on Friday, October 11 breached the 84-mark against the US dollar for the first time. The rupee traded lower…
- India
India likely to add 35-40 MT crude oil refining capacity by FY30
New Delhi: India’s oil marketing companies (OMCs) are expected to add 35-40 million tonnes (MTs) of crude oil refining capacity and take the installed base to 295 MT by the end of…
- Middle East
Iraq exports over 108 million barrels of crude oil in July
Iraq exported about 108.053 million barrels of crude oil in July, the country’s Oil Ministry announced on Thursday. During the month, about 106.125 million barrels were exported from oil fields in central…
- Business
Rupee falls 1 paisa to close at all-time low of 83.72 against US dollar
Mumbai: The rupee fell 1 paisa to close at an all-time low of 83.72 (provisional) against the US dollar on Thursday, dragged down by demand for the American currency in the overseas…
- India
Rupee falls 3 paise to close at 83.69 against US dollar post-budget
Mumbai: The rupee declined 3 paise to 83.69 against the US dollar on Tuesday after the government raised tax rates on capital gains in the FY25 Budget. Besides, a weak tone in…
- Business
Rupee rises 3 paise to settle at 83.58 against US dollar
Mumbai: The rupee consolidated in a narrow range and settled for the day 3 paise higher at 83.58 against the US dollar on Tuesday, on firm domestic markets and sustained inflow of…
- Middle East
Saudi Arabia announces discovery of seven oil, gas deposits
The Kingdom of Saudi Arabia’s energy minister has announced the discovery of seven new oil and gas deposits in the kingdom’s Eastern Province and Empty Quarter regions, the official Saudi news agency…
- India
Rupee falls 12 paise to 83.56 against US dollar in early trade
Mumbai: The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed down by the strengthening of the American currency in the overseas markets and elevated…
- Middle East
Saudi Arabia ends 50-year petrodollar deal with US
In a significant shift, the Kingdom of Saudi Arabia (KSA) has decided not to renew its 50-year petrodollar deal with the United States (US), which expired on Sunday, June 9. “Saudi Arabia’s…
- Business
Bear attack: Sensex crashes over 6,000 pts; Nifty dives nearly 2,000 points
Mumbai: Benchmark equity indices Sensex and Nifty tanked over 8 per cent on Tuesday as the initial trend showed BJP winning lesser number of seats than predicted in exit polls. The 30-share…
- Business
Rupee falls 26 paise to 83.40 against US dollar in early trade
Mumbai: The rupee plunged 26 paise to 83.40 against the US dollar in early trade on Tuesday as initial counting for the Lok Sabha elections indicated a mixed trend. A weak trend…
