crude oil

Pradhan puts the blame on global crude oil price surge
Oil & Gas

Pradhan puts the blame on global crude oil price surge

Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday put the blame on recent surge in global crude oil…
First time ever Petrol crosses Rs 95 a litre in Delhi
Oil & Gas

First time ever Petrol crosses Rs 95 a litre in Delhi

Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for…
Crude Oil increases towards $72 on demand prospects
Oil & Gas

Crude Oil increases towards $72 on demand prospects

Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Brent crude above $71/bbl amid tightening market
Oil & Gas

Brent crude above $71/bbl amid tightening market

Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand…
Africa’s share in India’s oil imports at 7-month high
Oil & Gas

Africa’s share in India’s oil imports at 7-month high

Africa's share in India's oil imports surged to a seven-month high in April as refiners boosted purchases from small regional…
Relentless efforts to control fire onboard MV X-Press Pearl
Oil & Gas

Relentless efforts to control fire onboard MV X-Press Pearl

Indian Coast Guard (ICG) is working tirelessly to extinguish the massive fire onboard container vessel MV X-Press Pearl off Colombo,…
Fire broke out at HPCL refinery at Visakhapatnam
Oil & Gas

Fire broke out at HPCL refinery at Visakhapatnam

A fire broke out at Hindustan Petroleum Corporation Ltd's oil refinery on Tuesday afternoon but it was doused within hours…
India’s gas output rises 23% as RIL-BP fields start production
Oil & Gas

India’s gas output rises 23% as RIL-BP fields start production

India's natural gas production jumped 22.7% in April after Reliance Industries Ltd and its partner BP Plc ramped up output…
Indian refiners set to make room for Iranian oil
Oil & Gas

Indian refiners set to make room for Iranian oil

Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing…
Jet fuel price cut by 1% due to softening crude oil
Oil & Gas

Jet fuel price cut by 1% due to softening crude oil

Jet fuel price on Friday was cut by 1 per cent, the second reduction in rates this month following softening…
OIL’s acquisition of NRL will ensure India’s energy security
Oil & Gas

OIL’s acquisition of NRL will ensure India’s energy security

Oil India Limited (OIL) on Tuesday said its acquisition of shares of Numaligarh Refinery Ltd (NRL) in Assam will be…
OMCs to explore fuel price revision post elections
Oil & Gas

OMCs to explore fuel price revision post elections

Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping…
Sri Lanka seeks $ 17M from Greek ship owner over oil spill
Sustainability

Sri Lanka seeks $ 17M from Greek ship owner over oil spill

Sri Lanka on Friday lodged a claim for $17.38 million with the Greek owners of an oil tanker that caught…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas

Indian Oil buys its first Johan Sverdrup crude cargoes

Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Gas producers bleed as govt dictated prices remain low
Oil & Gas

Gas producers bleed as govt dictated prices remain low

Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains…
Jet fuel price cut by 3% amid softer global crude rates
Oil & Gas

Jet fuel price cut by 3% amid softer global crude rates

In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line…
Oil companies cut LPG price by Rs 10 per cylinder
Oil & Gas

Oil companies cut LPG price by Rs 10 per cylinder

After raising cooking gas prices by Rs 125 per cylinder last month, state owned oil firms on Wednesday announced a…
China’s Sinopec raises 2021 capital expenditure by 23.8%
Oil & Gas

China’s Sinopec raises 2021 capital expenditure by 23.8%

Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and…
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil & Gas

Oil jumps 4% on fears Suez Canal blockage may last weeks

Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted…
Reliance-Aramco deal if crude oil averages USD 65/barrel
Oil & Gas

Reliance-Aramco deal if crude oil averages USD 65/barrel

A fall in crude oil price and Aramco's USD 75 billion annual dividend commitment may have delayed Saudi company picking…
Not possible to bring petrol under GST for next 8-10 years
Oil & Gas

Not possible to bring petrol under GST for next 8-10 years

BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for…
Petrol, diesel prices cut by 18 paise & 17 paise respectively
Oil & Gas

Petrol, diesel prices cut by 18 paise & 17 paise respectively

In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per…
Upcoming polls keep oil companies from hiking prices
Oil & Gas

Upcoming polls keep oil companies from hiking prices

Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
ONGC’s oil & gas production share jumps to 70%
Oil & Gas

ONGC’s oil & gas production share jumps to 70%

ONGC which is often perceived as a drag on the crude oil and natural gas produced in the country, has…
LPG price, petroleum taxes rise since BJP came to power
Oil & Gas

LPG price, petroleum taxes rise since BJP came to power

Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the…
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