Tag: oil
Rising costs squeeze intermediaries out of thriving Russian oil trade with India
Three trading houses have become dominant sellers of Russian oil to India as many smaller players dropped out of the business due to high funding…
Israel-Iran crisis: Escalating conflicts cause global oil prices to shoot up
Oct 03, 2024 01:10 PM IST Global oil prices rose for a third consecutive day, reaching towards $75 a barrel, after Israel and the US…
Windfall tax: Government scraps windfall tax on crude oil
The government of India on Tuesday announced the scrapping of windfall tax on crude oil from Rs 1,850 per tonne. This will be effective from…
Adani Wilmar to invest ₹600 crore to expand edible oil business, solar power capacity
Adani Wilmar Ltd plans to invest around ₹600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more…
How rising oil prices can impact Indian economy
Crude oil prices have shot up since June…Brent crude has jumped to a 10-month high and breached $93/barrel in mid-September. It has averaged $83.5 in…
Saudi Arabia says oil cuts show not at odds with Russia
VIENNA: Saudi Arabia on Wednesday dismissed talk of discord with oil ally Russia, praising their coordinated decisions to remove barrels from the market in efforts…
India’s palm oil imports fall 15 pc to 4.39 lakh tonne in May
India‘s palm oil imports declined 14.59 per cent to 4,39,173 tonne during May this year, but there was a sharp rise in shipments of crude…
Indian brothers, fighting fraud charges at home, flourishing in Nigeria
At a ceremony in November, the Nigerian government celebrated the discovery of as many as 1 billion barrels of oil in the country’s arid northeast,…
India becomes Europe’s largest supplier of refined fuels: Kpler
A recent report by analytics firm Kpler showed India has become Europe‘s largest supplier of refined fuels this month while simultaneously buying record amounts of…
RBI MPC: Will oil and rain pour over the RBI MPC decision?
Recent happenings can dash hopes of those who have been expecting that the Reserve Bank of India’s (RBI‘s) rate-setting panel, the Monetary Policy Committee (MPC),…