Tag: crude oil
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…
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,…
India’s core sector growth slows down to 2.3 per cent in February 2026
Growth of India’s core industries slowed to 2.3 per cent in February driven by crude oil, natural gas and petroleum refinery products, as compared to…
Global oil prices jump over 30% as Middle East conflict escalates
Oil prices surged to $114 a barrel as more major Middle East producers cut production, the Strait of Hormuz remained largely closed, and the United…
View: For India, much more at stake than just oil this time
Past conflicts in the Middle East typically hit India at the gas station. This time, the risks transcend oil, threatening everything from smartphone exports to…
What’s at stake for crude oil markets as Israel, US pile up Iran attacks| Business News
The Iran attacks by the United States and Israel create new risks for a significant chunk of the world’s crude oil supply. The Strait of…
China’s Russian oil imports to hit new record in February as India cuts back
SINGAPORE: China‘s Russian oil imports are set to climb for a third straight month to a new record high in February as independent refiners snapped…
India’s crude import cost slips below $60 a barrel| Business News
NEW DELHI: India’s average crude oil import cost fell below $60 a barrel on Monday, among the lowest it has been in five years despite global geopolitical…
Reliance grabs Middle East crude amid US scrutiny of India’s Russian oil imports| Business News
Reliance Industries Ltd. bought middle-east crudes last week and may place more orders, in a sign that US pressure against India’s Russian oil imports may…
Gold prices new barometer of global uncertainty like crude oil in past, RBI Governor Malhotra says
RBI Governor Sanjay Malhotra on Friday said perhaps gold price is acting as a new barometer reflecting global uncertainties as the crude oil used to…