Tag: Oil Export

  • Why is a Distant War Burning your Wallet?

    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 now), the government put out ads on TV advising citizens to save electricity and fuel. We were advised to walk to nearby places then use the car, switch off the lights […]

  • Saudi Arabia may shave light crude prices to Aisa in February

    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 slowing demand ahead of the region’s peak refinery maintenance season, six trade sources said on Monday. The official selling price (OSP) of flagship Arab Light crude in February could fall by […]

  • Crude oil futures gains 0.65 percent on a global trend

    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 the overseas market. At the Multi Commodity Exchange, crude oil for May delivery was trading higher by Rs 30, or 0.65 percent, at Rs 4,623 per barrel in a business turnover […]

  • Azeri Energy Ministry says Keeping Russia and China as main exporter Venezuela has suspended oil export to India

    Azeri Energy Ministry says Keeping Russia and China as main exporter Venezuela has suspended oil export to India

    Venezuela has suspended its oil exports to India and views Russia and China as its main export destinations, the Azeri energy ministry said on Tuesday, citing Venezuela’s oil minister. The Azeri ministry issued the statement on Tuesday following talks in Baku between Azerbaijan’s energy minister and Venezuelan oil minister and president of state-run oil company […]