Crude Oil
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Friday rose Rs 25 to Rs 5,798 per barrel in futures trade as participants increased their positions following a firm spot demand. On the Multi Commodity…
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Wednesday rose Rs 14 to Rs 5,646 per barrel in futures trade as participants increased their positions following a firm spot demand. On the Multi Commodity…
- Business
Crude oil futures ease amid weak spot demand
New Delhi: Crude oil futures on Tuesday declined Rs 16 to Rs 5,506 per barrel, as participants trimmed their positions amid weak demand in the spot market. On the Multi-Commodity Exchange, crude…
- Business
Crude oil futures ease amid weak spot demand
New Delhi: Crude oil futures on Wednesday fell Rs 37 to Rs 5,644 per barrel, as participants trimmed their positions, tracking weak demand in the spot market. On the Multi-Commodity Exchange, crude…
- World
Sanctions hit Nayara’s access to non-Russian oil
New Delhi: Nayara Energy – part-owned by Russian oil giant Rosneft PJSC and blacklisted by the European Union in July – is facing difficulties in securing non-Russian crude supplies for a second…
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Monday rose Rs 89 to Rs 5,523 per barrel in futures trade supported by fresh positions from traders. On the Multi Commodity Exchange, crude oil for…
- World
Unjustified, says Russia on US pressure on India for buying Russian crude oil
New Delhi: The US pressure on India for its procurement of Russian crude oil is “unjustified”, a senior Russian diplomat said on Wednesday. We are confident that India-Russia energy cooperation will continue…
- Business
Oil prices surge to five-month high amid Iran-Israel conflict
New Delhi: Oil prices rose to their highest level since January this year on Monday after the US strikes on nuclear facilities in Iran, with the country threatening to shut Strait of…
- News
Saudi oil giant Aramco reports 106 billion USD profit in 2024
Saudi Arabia’s state-owned oil giant Aramco reported a 106.25 billion USD profit in 2024 on Tuesday, down 12 per cent from the prior year, as lower energy prices now squeeze the kingdom’s…
- Middle East
87 years ago today, Saudi Arabia struck oil
Exactly 87 years ago, Saudi Arabia witnessed a historic breakthrough when an American-owned oil well in Dhahran struck a massive petroleum reserve on March 3, 1938. The discovery marked the beginning of…
- World
Sanctions against Russia to have no major impact: IOC Chief
Davos: Any further sanctions against Russia will not have any impact on India’s crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all…
- Business
India’s demand for petroleum products expected to rise
New Delhi: India’s demand for petroleum products such as petrol, diesel and LPG is expected to rise by three to four percent in the current financial year ending on March 31, 2025,…
- Middle East
Turkey denies oil exports to Israel
Ankara: Turkey on Monday denied reports claiming that it is allowing crude oil shipments to Israel via the Baku-Tbilisi-Ceyhan (BTC) pipeline. The BTC pipeline, which originates in Azerbaijan and passes through Georgia…
- World
OPEC+ members extend voluntary oil output cuts by one month
Vienna: Eight member countries of the OPEC+ oil-producing group have announced to further extend their voluntary output cuts by a month, pushing the reductions through the end of December in response to…
- India
Middle East tensions, high crude oil prices bring rupee to 84-mark against dollar
New Delhi: With elevated crude oil prices amid global geo-political situations, the rupee on Friday, October 11 breached the 84-mark against the US dollar for the first time. The rupee traded lower…
