Diesel hits ₹100 mark in Kerala, Karnataka
Diesel price on Monday breached the ₹100-a-litre mark in Kerala and Karnataka as fuel prices were hiked again to align domestic rates with firming international oil prices.
Organisation of the Petroleum Exporting Countries
The latest Organisation of the Petroleum Exporting Countries news, analysis and data from India and across Asia, reported by Energy Asia.
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TotalEnergies signs $27 bn oil, gas & solar deal in Iraq
TotalEnergies signed a $27-billion contract to invest in oil, gas and solar production in Iraq, as the country faces an acute energy crisis.
India seeks reasonable price from oil producers
India has asked crude oil producers, including OPEC, to price oil at reasonable rates and to provide better commercial terms like enhanced credit period
OPEC, allies reach agreement after row over production
The energy minister of the United Arab Emirates said Sunday that OPEC and allied countries have reached a full agreement after an earlier dispute that roiled…
Puri conveys concerns over high oil prices to Saudi, UAE
Hardeep Singh Puri has conveyed to OPEC countries its concern over high oil prices that are threatening to impact the nascent economic recovery after the devastating…
Consumers may get respite from frequent fuel price hike
Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday to analyse the global oil price movement before making further revisions.
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 the first time ever as fuel…
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 demand countered concerns about patchy COVID-19…
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 improvement and tightening of the market.
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 players such as Ghana and Congo…
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 spot crude oil purchases in the…
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 tender as it speeds up diversification…
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 for weeks as workers try to…
Oil prices hit 13-month highs on tighter supplies
Oil prices rose for a fourth straight session to the highest levels in more than 13 months, underpinned by monetary easing policies and lower crude production…
Pradhan gives two main reasons behind rising fuel prices
Union Petroleum and Natural Gas Minister Dharmendra Pradhan said that reduced fuel production and oil-rich nations seeking more profits are the primary reasons behind spiralling petrol…