Crude Oil

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

Mangalore refinery gets first ONGC consignment of crude oil from Krishna Godavari basin

The Mangalore Refinery and Petrochemicals Limited (MRPL) has received 60,000 metric tonne crude oil for processing in the refinery, said MRPL Director (refinery) Sanjay Varma.

09 March 2024, 16:49 IST

Mangalore refinery gets first ONGC consignment of crude oil from Krishna Godavari basin

09 March 2024, 16:49 IST

Oil extends fall as China's pledge to transform economy fails to impress

Brent futures for May fell 3 cents to $82.77 a barrel by 0159 GMT, while US West Texas Intermediate (WTI) fell 11 cents, to $78.63.

05 March 2024, 03:19 IST

Oil extends fall as China's pledge to transform economy fails to impress

05 March 2024, 03:19 IST