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Crude Oil

Malaysia regains position as China's second-largest crude oil supplier

Russia held its position as China's top oil supplier, with volumes - including supplies via pipelines and seaborne shipments - increasing 15 per cent to 9.83 million tons, or 2.3 million bpd.

20 November 2024, 10:00 IST

Malaysia regains position as China's second-largest crude oil supplier

Malaysia regains position as China's second-largest crude oil supplier

Malaysia regains position as China's second-largest crude oil supplier

20 November 2024, 10:00 IST

India says oil prices would have rocketed without its Russian imports

New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices in check in the developing country of 1.42 billion people.

09 November 2024, 07:34 IST

India says oil prices would have rocketed without its Russian imports

India says oil prices would have rocketed without its Russian imports

India says oil prices would have rocketed without its Russian imports

09 November 2024, 07:34 IST

Reliance to move Dubai crude team back to India in global trade rejig: Sources

The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes, said one of the sources, who spoke on condition of anonymity as the information was private.

25 October 2024, 09:17 IST

Reliance to move Dubai crude team back to India in global trade rejig, sources say

Reliance to move Dubai crude team back to India in global trade rejig, sources say

Reliance to move Dubai crude team back to India in global trade rejig: Sources

25 October 2024, 09:17 IST

Windfall tax on crude petroleum slashed to zero

The last such revision took place effective August 31 when the windfall tax on crude petroleum was set at Rs 1,850 per tonne.

17 September 2024, 17:17 IST

Windfall tax on crude petroleum slashed to zero

Windfall tax on crude petroleum slashed to zero

Windfall tax on crude petroleum slashed to zero

17 September 2024, 17:17 IST

Why are petrol prices not decreasing, asks TMC's Derek O'Brien

The TMC leader said that in August 2014, crude oil was priced Rs 8,552 ($102) per barrel and petrol price was Rs 73, while in August 2024, crude oil is at Rs 6,542 ($78) per barrel, and yet petrol price is Rs 95.

16 September 2024, 09:30 IST

Why are petrol prices not decreasing, asks TMC's Derek O'Brien

Why are petrol prices not decreasing, asks TMC's Derek O'Brien

Why are petrol prices not decreasing, asks TMC's Derek O'Brien

16 September 2024, 09:30 IST

Duty hike on crude, refined oils to hugely benefit farmers: Official

According to a finance ministry notification, the basic customs duty on crude palm, soybean and sunflower seed oil has been increased from nil to 20%.

14 September 2024, 06:07 IST

Duty hike on crude, refined oils to hugely benefit farmers: Official

Duty hike on crude, refined oils to hugely benefit farmers: Official

Duty hike on crude, refined oils to hugely benefit farmers: Official

14 September 2024, 06:07 IST

India imports Rs 23,504 crore-worth of crude oil from Russia in July 2024

Russia emerged as India's biggest supplier of crude oil, which is converted into fuels like petrol and diesel in refineries, after Russian oil was available on discount following some European nations shunning purchases from Moscow over its invasion of Ukraine in February 2022.

15 August 2024, 08:12 IST

India imports Rs 23,504 crore-worth of crude oil from Russia in July 2024

India imports Rs 23,504 crore-worth of crude oil from Russia in July 2024

India imports Rs 23,504 crore-worth of crude oil from Russia in July 2024

15 August 2024, 08:12 IST

Reliance gets US approval to resume crude imports from Venezuela

Apart from Reliance, India’s state-owned Oil and Natural Gas Corp.’s overseas investment arm ONGC Videsh Ltd. has also applied for waivers to import crude from Venezuela.

24 July 2024, 07:11 IST

Reliance gets US approval to resume crude imports from Venezuela

Reliance gets US approval to resume crude imports from Venezuela

Reliance gets US approval to resume crude imports from Venezuela

24 July 2024, 07:11 IST

Windfall tax on crude petroleum hiked to Rs 7,000/tonne

The tax is levied in the form of Special Additional Excise Duty (SAED).

15 July 2024, 20:23 IST

Windfall tax on crude petroleum hiked to Rs 7,000/tonne

Windfall tax on crude petroleum hiked to Rs 7,000/tonne

Windfall tax on crude petroleum hiked to Rs 7,000/tonne

15 July 2024, 20:23 IST

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

Global Brent and US West Texas Intermediate (WTI) futures were up following the report.

10 July 2024, 16:50 IST

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

US crude and gasoline inventories fell last week, distillate stocks rose, EIA says

10 July 2024, 16:50 IST