Topics: Oil business

Why is a Distant War Burning your Wallet?

In the late 80s, India faced a balance of payments crisis. Unable to pay for its oil imports (a fraction of what we import...

Market Analysis by Abhishek Goenka: Global Risk sentiment holds positive

Overall global risk sentiment was positive heading into the weekend with China reaffirming its commitment to adhere to the one phase trade deal with...

Fire Breaks out at Assam’s Oil well in Tinsukia

A huge fire broke out at a natural oil-producing well in the Tinsukia district of Assam.

Saudi Arabia cabinet asks OPEC+ countries to reduce oil production rate

The cabinet of Saudi Arabia has urged the OPEC+ countries to reduce the rate of oil production to restore balance in global crude markets. Quoting...

Market Analysis: OPEC+ agrees to a historic production cut

OPEC+ agreed to the largest production cut ever of 9.7 mbpd which accounts for 10% of the daily global crude supply. US, Brazil, and...

GAIL to infuse Rs 1.05 lakh crore to create infrastructure for gas-based economy

GAIL India Ltd, the country's largest gas utility, will invest Rs 1.05 lakh crore over the next five years to expand pipelines, lay city...

Report: India to import record high volumes of LNG, as prices hit an all-time low on coronavirus outbreak

India is set to import record volumes of liquefied natural gas (LNG) this month, data shows, taking advantage of the super-chilled fuel's price hitting...

Coronavirus Outbreak: Oil prices steady as coronavirus related demand concerns weigh

Oil prices were little changed on Monday as concerns of falling fuel demand caused by the economic fallout from the coronavirus outbreak in China...

India to finalise $25 billion crude oil import deal with Russia

India and Russia have finalised the broad contours of an ambitious government-to-government agreement for long-term import of crude oil by India from Russia's Far...

Petronet LNG Ltd records the highest profit of Rs 675 crore in Q3

India's largest liquefied natural gas importer Petronet LNG Ltd on Monday reported a profit of Rs 675 crore in the third quarter of December...

Samridhi Highway Solutions launches “Fuel Humsafar,” a door-to-door fuel delivery service in Delhi NCR

Delhi-based fuel delivery startup Samridhi Highway Solutions has announced the launch of 'Fuel Humsafar,' a doorstep fuel delivery service in Delhi NCR. The new service...

Saudi Arabia may shave light crude prices to Aisa in February

Saudi Arabia, the world's biggest oil exporter, may cut the prices of its light crude grades sold to Asia in February on signs of...

Iran OPEC envoy: "Tehran would back majority decision to cut oil output"

Iran would support a majority decision by members of the Organization of the Petroleum Exporting Countries (OPEC) to cut oil production, the country's OPEC...

Mohammad Barkindo says, “OPEC and its allies are committed to maintain oil market stability beyond 2020”

The Organization of the Petroleum Exporting Countries and its allies are committed to maintaining oil market stability beyond 2020, with physical supplies relatively tight...

Crude oil futures gains 0.65 percent on a global trend

Crude oil futures rose by Rs 30 to Rs 4,623 per barrel on Tuesday as speculators created fresh positions, tracking a firm trend at...

Crude oil futures up by 0.93 percent on positive overseas market signs

Crude oil prices rose by Rs 41 to Rs 4,430 per barrel in futures market Friday as speculators created fresh positions, taking positive cues...

Crude oil falls 0.87 percent amid weakens in overseas trend

Crude oil prices plunged 0.87 percent to Rs 4,435 per barrel on April 11 as speculators reduced bets amid a weakening trend overseas. On...

“Absolutely not,” says Saudi on changes in oil trading policy in dollars.

Saudi Arabia's Energy Minister Khalid al-Falih said that "there is no change in the Kingdom's long-standing policy." Speaking with the media on Monday, Khalid al-Falih...

Oil jumps Five months high on firmer China data, prospect of fresh supply crubs

Oil prices climbed to nearly five-month highs on Tuesday, supported by firm Chinese economic data that eased demand concerns, the possibility of more sanctions...

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