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Oil

Europe is guzzling diesel from India, a key buyer of Russian oil

The region’s imports of diesel from India, one of the biggest buyers of Russian crude, are on course to soar to 305,000 barrels a day, the most since at least January 2017, data from market-intelligence firm Kpler show.

28 November 2023, 04:37 IST

Europe is guzzling diesel from India, a key buyer of Russian oil

Europe is guzzling diesel from India, a key buyer of Russian oil

Europe is guzzling diesel from India, a key buyer of Russian oil

28 November 2023, 04:37 IST

Russia has sold nearly all its oil well above the West's price cap

The European Union, G7 countries and Australia introduced the price cap on Russian oil last December, aiming to curb Russia's ability to finance the conflict in Ukraine.

23 November 2023, 13:59 IST

Russia has sold nearly all its oil well above the West's price cap

Russia has sold nearly all its oil well above the West's price cap

Russia has sold nearly all its oil well above the West's price cap

23 November 2023, 13:59 IST

Russia to lift remaining restrictions on diesel fuel exports soon

Last Friday, Russia lifted restrictions on gasoline exports unconditionally.

22 November 2023, 09:41 IST

Russia to lift remaining restrictions on diesel fuel exports soon

Russia to lift remaining restrictions on diesel fuel exports soon

Russia to lift remaining restrictions on diesel fuel exports soon

22 November 2023, 09:41 IST

India asks OPEC to ensure oil market stability

Oil Minister Hardeep Singh Puri said this at the 6th India-OPEC Energy Dialogue that took place on November 9 in Vienna, an official press statement said on Monday.

13 November 2023, 17:28 IST

India asks OPEC to ensure oil market stability

India asks OPEC to ensure oil market stability

India asks OPEC to ensure oil market stability

13 November 2023, 17:28 IST

India may buy Venezuelan oil if it's cheap, minister says

Indian refiners Indian Oil Corp and Reliance Industries have bought Venezuelan oil in the past.

01 November 2023, 15:42 IST

India may buy Venezuelan oil if it's cheap, minister says

India may buy Venezuelan oil if it's cheap, minister says

India may buy Venezuelan oil if it's cheap, minister says

01 November 2023, 15:42 IST

Castrol India posts Q3 profit rise on steady demand, lower crude prices

Crude oil prices declined, ranging between $75.4 and $97.69 a barrel in the quarter compared to the range of $83.65 and $114.75 a barrel in the year-ago quarter, helping Castrol India post a 1.3% fall in raw and packaging material costs.

30 October 2023, 13:53 IST

Castrol India posts Q3 profit rise on steady demand, lower crude prices

Castrol India posts Q3 profit rise on steady demand, lower crude prices

Castrol India posts Q3 profit rise on steady demand, lower crude prices

30 October 2023, 13:53 IST

Chevron to acquire Hess for $53 billion in latest major oil deal

The deal marks a further consolidation of the energy industry, especially in the United States, where smaller companies appear to be taking advantage of relatively high oil prices to join forces with bigger players.

23 October 2023, 17:29 IST

Chevron to acquire Hess for $53 billion in latest major oil deal

Chevron to acquire Hess for $53 billion in latest major oil deal

Chevron to acquire Hess for $53 billion in latest major oil deal

23 October 2023, 17:29 IST

OPEC plans no immediate action after Iran urges Israel oil embargo, say sources

OPEC is not planning to hold an extraordinary meeting or take any immediate action after Iran's foreign minister called on members of the Organisation of Islamic Cooperation (OIC) to impose an oil embargo and other sanctions on Israel.

18 October 2023, 13:29 IST

OPEC plans no immediate action after Iran urges Israel oil embargo, say sources

OPEC plans no immediate action after Iran urges Israel oil embargo, say sources

OPEC plans no immediate action after Iran urges Israel oil embargo, say sources

18 October 2023, 13:29 IST

Explained | How Middle East tension could ripple through markets

'A crackdown on Iranian oil exports could immediately remove somewhere from 1-2 mbd (million barrels per day) off (the) market almost instantly, said hedge fund Cayler Capital's founder and CIO Brent Belote.

18 October 2023, 10:23 IST

Explained | How Middle East tension could ripple through markets

Explained | How Middle East tension could ripple through markets

Explained | How Middle East tension could ripple through markets

18 October 2023, 10:23 IST

Explained | What impact will the Israel-Hamas war have on oil?

First, the U.S. could tighten or step up enforcement of sanctions on Iran should it be implicated in Hamas' attack on Israel, which could further strain an already undersupplied oil market. Second, a deal being brokered by Washington to normalise relations between Saudi Arabia and Israel, which could see the kingdom increase oil output, could be derailed.

13 October 2023, 13:54 IST

Explained | What impact will the Israel-Hamas war have on oil?

Explained | What impact will the Israel-Hamas war have on oil?

Explained | What impact will the Israel-Hamas war have on oil?

13 October 2023, 13:54 IST