Crude Oil
- World
Pakistan to place order for Russian oil next month: minister
Islamabad: Cash-strapped Pakistan plans to place its first order for Russian crude oil next month and it will take about four weeks for the commodity to reach the country, Minister of State…
- Middle East
Iraq exports over 100 mn barrels of crude oil in March
Baghdad: Iraq exported about 100.91 million barrels of crude oil in March, generating $7.4 billion in revenue, the country’s Oil Ministry announced. The average price for Iraqi crude oil in March was…
- Middle East
Iran says oil exports reach highest level since US reimposed sanction
Tehran: Iranian Oil Minister Javad Owji has said the country’s crude exports have reached the highest level since the reimposition of US sanctions in 2018, state media reported. Owji on Sunday added…
- India
Output of 8 key infra sectors grows at 4-month high of 7.8% in Jan
New Delhi: Production of eight infrastructure sectors expanded at a four-month high of 7.8 per cent in January 2023 on better show by coal, fertiliser, steel and electricity segments, according to official…
- Business
Rupee falls 11 paise to close at 82.75 against US dollar
Mumbai: The rupee depreciated 11 paise to close at 82.75 against the US currency on Friday, as the strength of the American currency in the overseas market and a muted trend in…
- India
Russia becomes third largest oil supplier to India; OPEC share shrinks
Ever since the beginning of the Ukraine war, India is stepping up its buying of Russian crude oil thereby resulting in the reduction of OPEC share in its crude import. At present…
- Business
Rupee tumbles 22 paise to all-time low of 83 against US dollar
Mumbai: The rupee pared initial gains and slumped 22 paise to close at its all-time low of 83 against the US dollar on Tuesday, pressured by a strong greenback overseas and sustained…
- Hyderabad
BRS leader K T Rama Rao hits out at Centre over cut in windfall tax on crude
Hyderabad: Ruling BRS leader and Telangana Industries Minister K T Rama Rao on Friday attacked the NDA government at the Centre over the reduction in windfall profit tax levied on domestically produced…
- World
Jaishankar strongly defends India’s import of crude oil from Russia
New Delhi: India on Monday stoutly defended its import of crude oil from Russia amid the Ukraine conflict with External Affairs Minister S Jaishankar asserting that New Delhi’s procurement was just one-sixth…
- India
Jaishankar strongly defends India’s import of crude oil from Russia
New Delhi: India on Monday stoutly defended its import of crude oil from Russia amid the Ukraine conflict with External Affairs Minister S Jaishankar asserting that New Delhi’s procurement was just one-sixth…
- Pakistan
Russia to provide fuel at discounted rates: Pak govt
Islamabad: Cash-strapped Pakistan on Monday said Russia has agreed to provide it with crude oil as well as petrol and diesel at discounted rates, as Islamabad battles to contain a current account…
- Business
Rupee falls 52 paise to close at 81.85 against US dollar on forex outflows, firm crude
Mumbai: The rupee pared its initial gains to settle down by 52 paise at a nearly two-week low of 81.85 against the US dollar on Monday weighed down by weak domestic markets,…
- Business
Crude oil, gold and other commodities fall in international markets
New Delhi: Crude oil, gold, silver and several other commodities fell in the international markets on Monday. Brent crude oil prices dropped to $85.86 per barrel on reports that Saudi Arabia and…
- Business
Centre hikes windfall tax on domestic crude oil
New Delhi: The Central government has hiked windfall tax on domestic crude oil and reduced the tax on export of diesel. The tax on crude oil produced by State-owned ONGC was hiked…
- World
India will ‘benefit’ from price cap on Russian oil: US Treasury Secretary Yellen
Washington: India will “benefit” from the proposed price cap on oil, Treasury Secretary Janet Yellen has said, arguing that the United States does not want Russia to “profit unduly” from the war…
