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Crude Oil
Shell earns $1 billion a year from US crude trading, court filing shows
Testimony by a former head of Shell's US crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multi-million dollar bonuses bestowed on traders.
29 April 2024, 05:55 IST
Shell earns $1 billion a year from US crude trading, court filing shows
29 April 2024, 05:55 IST
Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns
Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and US inflation data further dimmed the prospects of interest rate cuts anytime soon.
29 April 2024, 03:19 IST
Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns
29 April 2024, 03:19 IST
Oil prices climb amid US stocks decline, Middle East conflict
Brent crude futures rose 26 cents, or 0.29 per cent, to $88.68 a barrel and US West Texas Intermediate crude futures climbed 26 cents, or 0.31 per cent, to $83.62 a barrel at 0634 GMT.
24 April 2024, 08:00 IST
Oil prices climb amid US stocks decline, Middle East conflict
24 April 2024, 08:00 IST
Pop-Up Russian oil traders emerge as US tightens sanctions grip
Between January and February this year, three previously unknown entities— Blackford, Black Pearl and Vertex, have together played a significant role in supplying India’s private and state processors with Russian crude, said the traders and refinery executives, who asked not to be named as they’re not authorized to speak publicly.
19 April 2024, 04:59 IST
Pop-Up Russian oil traders emerge as US tightens sanctions grip
19 April 2024, 04:59 IST
Iran's attack on Israel spurs banks to hike oil price forecasts
An all-out conflict between Iran and Israel could push oil to $100 plus per barrel.
15 April 2024, 15:58 IST
Iran's attack on Israel spurs banks to hike oil price forecasts
15 April 2024, 15:58 IST
US has not asked India to cut Russian oil purchases, says American officials
India has emerged as one of the top buyers of Russian sea-borne oil since Western nations imposed sanctions.
04 April 2024, 16:07 IST
US has not asked India to cut Russian oil purchases, says American officials
04 April 2024, 16:07 IST
India to build first commercial crude oil strategic storage
ISPRL, a special purpose vehicle created by the government for building and operating strategic petroleum reserves in the country, has invited bids for constructing 2.5 million tonnes of underground storage at Padur in Karnataka.
03 April 2024, 12:01 IST
India to build first commercial crude oil strategic storage
03 April 2024, 12:01 IST
Indian refiners buy more US crude as Russia sanctions tighten
About 7.6 million barrels of oil, or 2,56,000 barrels per day (bpd), were headed to India on three very large crude carriers and three Suezmax vessels.
26 March 2024, 03:06 IST
Indian refiners buy more US crude as Russia sanctions tighten
26 March 2024, 03:06 IST
Crude oil futures decline on low demand
On the Multi Commodity Exchange, crude oil for April delivery fell Rs 2 or 0.03 per cent to Rs 6,800 per barrel with a business volume of 3,770 lots.
19 March 2024, 09:07 IST
Crude oil futures decline on low demand
19 March 2024, 09:07 IST
Government hikes windfall tax on crude petroleum
The tax is levied in the form of a Special Additional Excise Duty (SAED).
15 March 2024, 15:55 IST
Government hikes windfall tax on crude petroleum
15 March 2024, 15:55 IST
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