Tag: crude oil

The decline comes as a parliamentary panel has emphasised the need for India to invest in oil and gas assets abroad. (Representative Image/Bloomberg)
Posted in Business

India’s overseas oil and gas output falls over 12% in 5 years

Production of oil and gas from nearly four dozen overseas assets in which Indian energy firms hold stakes fell more than 12.3% over five years…

Continue Reading
File photo: The Bombay Stock Exchange logo is seen under a bull statue at the entrance of their building in Mumbai (REUTERS)
Posted in Business

Sensex, Nifty open flat amid US-Iran war anxieties

Equity benchmark indices Sensex and Nifty opened flat on Wednesday as signs of recovering exports from the Middle East impacted crude oil prices positively, even…

Continue Reading
The Bombay Stock Exchange (BSE) building, back, in Mumbai (Bloomberg/File)
Posted in Business

Nifty, Sensex open positive despite concerns over inflation, global oil prices

Stock market indices Sensex and Nifty opened in green on Monday even as elevated crude oil prices kept investors worried about their impact on inflation…

Continue Reading
Goldman Sachs warns oil could hit $120 as US-Iran tensions threaten Strait of Hormuz shipping. (Pexel/Representative image) (Pexel)
Posted in Business

Could oil hit $120? Goldman warns as US-Iran attacks threaten Hormuz shipping

Goldman Sachs sees oil rising as high as $120 a barrel if attacks on Middle East shipping get worse. The bank warned that a bigger…

Continue Reading
Rising crude import costs and climbing domestic consumption place intense financial strain on Indian households. (AFP)
Posted in Business

Petrol, diesel prices today: Check Delhi, Mumbai, Bengaluru rates amid crude surge

Fuel prices have caused a severe burden on households and vehicle owners in India as people face high costs at fuel stations. The average price…

Continue Reading
Stock market indices open lower amid rising crude oil prices and renewed geopolitical concerns on Tuesday. (REUTERS File)
Posted in Business

Sensex falls over 300 pts; Nifty hovers below 24,300 as Brent crude climbs

The Indian benchmark indices opened on a bearish note on Tuesday, with Sensex sliding over 300 points and Nifty below the 24,300 level as elevated…

Continue Reading
Samudra Manthan budgets  ₹43,200 crore for 60 offshore oil wells and offers government support for drilling costs. (Reuters/Representative image)
Posted in Business

Why it’s tough to go digging for oil in the oceans — and why India is spending ₹84,084 crore trying to

The Union cabinet on Friday approved Samudra Manthan, a ₹84,084 crore scheme to hunt for oil and gas off India’s coast. The plan, over five…

Continue Reading
ET logo
Posted in Economy

Ind-Ra says West Asia tensions, El Nino to drag FY27 growth to 6.7%

New Delhi: Higher crude oil and food prices amid uncertainty arising from the West Asia conflict, along with the likely impact of an evolving El…

Continue Reading
FILE PHOTO: A cargo ship in the Gulf, near the Strait of Hormuz, as seen from northern Ras al-Khaimah, near the border with Oman’s Musandam governance, amid the U.S.-Israeli conflict with Iran, in United Arab Emirates (REUTERS)
Posted in Business

Tanker carrying Iranian crude oil headed for India after a 7-year gap| Business News

A tanker with Iranian crude oil has been flashing India’s west coast as its destination, according to maritime tracking sites, in what could be the…

Continue Reading
Further, duties have been imposed on exports of diesel at  ₹21.5 per litre and on ATF at  ₹29.5 per litre. (HT file photo)
Posted in Business

Government cuts excise duty on fuel, raises export costs amid West Asia crisis| Business News

The Union government has reduced excise duty on domestic petrol and diesel by ₹10 per litre each to protect consumers from rising international oil prices,…

Continue Reading