crude oil

WPI inflation hits double digits in April at 10.49%; crude prices harden

WPI inflation hits double digits in April at 10.49%; crude prices harden

The wholesale price-based inflation shot up to an all-time high of 10.49 percent in April, on rising prices of crude oil and manufactured...Read More

Crude oil prices likely to witness bullish trend in week ahead

Crude oil prices likely to witness bullish trend in week ahead

For the week ahead, global prices are likely to witness a bullish trend as the demand in the western countries continue to increase. Howe...Read More

Day 9th: Petrol, diesel prices unchanged on April 24

Day 9th: Petrol, diesel prices unchanged on April 24

Oil marketing companies in India have not revised prices of petrol and diesel in the country. For the last nine days, prices of petrol an...Read More

Reliance-Aramco deal likely if crude oil averages USD 65

Reliance-Aramco deal likely if crude oil averages USD 65

A fall in crude oil price and Aramco's USD 75 billion annual dividend commitment may have delayed Saudi company picking a stake in Relian...Read More

Petrol and diesel prices revised after three days: Petrol price crosses Rs 91-mark in New Delhi

Petrol and diesel prices revised after three days: Petrol price crosses Rs 91-mark in New Delhi

After a break of three days, oil marketing companies on Saturday revised petrol and diesel prices upwards. In Mumbai and Delhi, petrol wa...Read More

SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur

SAIL planning to set up India's first gas-to-ethanol plant in Chandrapur

Mukesh Kumar, the Director of Steel Research & Technology Mission of India (SRTMI) told PTI that the plan is in line with the government'...Read More

As year draws to a close, petrol and diesel prices remain static

As year draws to a close, petrol and diesel prices remain static

The price of petrol remained at Rs 83.71 a litre and diesel Rs 73.87 a litre in Delhi on Monday, whereas in Mumbai the petrol price remai...Read More

PM Modi calls for 'responsible' pricing of crude oil

PM Modi calls for 'responsible' pricing of crude oil

New Delhi: Prime Minister Narendra Modi on Monday said that the world needs to move towards responsible pricing of crude oil.In his addre...Read More

India tops up strategic reserves with cheaper crude, saves over USD 685 million

India tops up strategic reserves with cheaper crude, saves over USD 685 million

Taking advantage of low prices in major oil-producing centres in Saudi Arabia and UAE, India has filled up its strategic crude oil reserv...Read More

OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s

OPEC cuts oil demand forecasts, BP sees 'peak oil' in 2020s

Developing countries' difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly ...Read More

India's oil import bill declines by two-third on fall in international prices: Dharmendra Pradhan

India's oil import bill declines by two-third on fall in international prices: Dharmendra Pradhan

India's crude oil import bill fell to a third in the first four months of the current fiscal after international oil rates nosedived on d...Read More

ONGC unlikely to buy overseas oil, gas assets at current prices

ONGC unlikely to buy overseas oil, gas assets at current prices

State-owned Oil and Natural Gas Corp (ONGC) is unlikely to invest in overseas oil and gas assets at current crude prices of USD 40-45 per...Read More

Oil prices rise as Iraq pledges to cut output amid COVID-19

Oil prices rise as Iraq pledges to cut output amid COVID-19

Crude oil prices rose on Monday on supply concerns after Iraq said that it will further cut production.Last week, Iraq said it would cut ...Read More

Eight core industries' output contracts 15% in Jun

Eight core industries' output contracts 15% in Jun

The eight core sectors had expanded by 1.2 per cent in June 2019, data released by the Commerce and Industry Ministry on Friday showed.

Global oil demand to record historic growth in 2021: OPEC

Global oil demand to record historic growth in 2021: OPEC

The Organization of the Petroleum Exporting Countries (OPEC) predicts that global oil demand will register a historic high growth of seve...Read More

Oil prices fall again, WTI down 20% on supply glut

Oil prices fall again, WTI down 20% on supply glut

US oil prices tumbled again on Tuesday with the June contract of WTI crude on the NYMEX falling nearly 20 per cent amidst a supply glut a...Read More

Crude tanks 25% as traders run out of space to store excess oil

Crude tanks 25% as traders run out of space to store excess oil

MUMBAI: Crude oil contracts on Multi Commodity Exchange of India tanked over 25% today as traders ran out of space to store excess oil in...Read More

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

Despite crash in international oil prices, govt keeps fuel prices unchanged for 40 days

This is one reform initiative of the government that has not yielded the desired results on ground. A collapse in global crude oil prices...Read More

China pounces on crude as prices collapse, adds to stockpiles

China pounces on crude as prices collapse, adds to stockpiles

China, the world's biggest energy consumer, is building up stockpiles of crude oil as global prices plunge due to the coronavirus outbreak.

Will take advantage of the crash in oil prices to fill national stockpile: Trump

Will take advantage of the crash in oil prices to fill national stockpile: Trump

President Donald Trump said Monday the United States would take advantage of the historic drop in oil prices to replenish its national st...Read More

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