crude

NEW DELHI: A freeze on petrol and diesel prices amid declining crude during the July-September period helped IndianOil, the country’s largest oil refiner and fuel retailer, bounce back into black with a handsome profit of Rs 12,967 crore in…

Representational image only. The government has hiked the windfall profit tax on crude oil produced in the country and on export of diesel, while bringing back the levy on overseas shipments of ATF.The tax, levied in the form of special…

Higher discounts on crude oil offered by the United Arab Emirates (UAE) to wean India away from Russian crude may soon see Indian refiners ramping up purchases from the Gulf nation, officials at multiple refiners said. Photograph: Vasily…

TOKYO : Oil prices eased on Wednesday, sliding from three-month highs hit the previous day after industry data showed an expected rise in U.S. crude stockpiles, but losses were capped amid signs of tighter global supply and hopes for…

Lower crude oil costs and higher marketing margins are expected to raise the fortunes of oil marketing companies (OMCs) in the first quarter (Q1) of 2023-24 (FY24), while city gas distribution (CGD) companies could also benefit from lower…

Oil prices edged higher in early trade on Tuesday after sinking in the previous session on weaker-than-expected Chinese economic growth, as investors eyed a possible tightening of U.S. crude supplies. Brent crude gained 11 cents to…

NEW DELHI: A top buyer of Russian oilis bracing for trading trouble as the price of Urals, the country’s main export grade, breaks through a $60-a-barrel cap set by Western nations to curb Moscow’s revenue.India and China have been the two…

BEIJING : China's crude oil imports in June jumped 45.3 per cent on the year, customs data showed on Thursday, with refiners building up inventories despite tepid domestic demand. Crude imports in June totalled 52.06 million metric…

Oil prices were largely unchanged in early Asian trade on Wednesday as hopes for higher demand in the developing world and supply cuts by the world's biggest oil exporters offset fears of an economic downturn driving up U.S. crude…

Representational image of oil pump jacks in Russia | Photo Credit: Reuters The Congress on Monday questioned the Narendra Modi government’s decision to purchase Russian crude oil, using the Chinese currency Yuan.  Addressing a press…