Crude Oil
- Business
Reliance receives US licence to import Venezuelan crude oil
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Limited has received a US general licence to purchase Venezuelan crude oil directly, enabling India’s largest private refiner to resume imports of discounted heavy feedstock…
- India
No message from India about stopping oil purchases, says Russia
Moscow: Russia has not received any statements from India about stopping Russian oil purchases, Kremlin spokesman Dmitry Peskov said on Tuesday, February 3. Peskov also said that Russia intends to continue to…
- Business
Crude oil futures fall on weak global cues
New Delhi: Crude oil prices fell Rs 18 to Rs 5,589 per barrel in the futures trade on Tuesday, February 3, amid weak global trends as oversupply concerns weighed on prices. On…
- World
Venezuela’s acting president signs law privatising state-owned oil sector
Caracas (Venezuela): Venezuela’s acting president Delcy Rodríguez on Thursday, January 29, signed a law that opens the nation’s oil sector to privatisation, reversing a tenet of the self-proclaimed socialist movement that has…
- India
Minimal impact of Iran unrest on India Inc: Crisil
Mumbai: Domestic credit ratings agency Crisil on Wednesday, January 28, said the unrest in Iran has not had any impact on Indian companies so far. However, if the tensions persist or escalate,…
- India
India pivots crude sourcing for certainty, keeps Russian barrels selectively
New Delhi: India’s crude oil sourcing strategy has shown a clear shift toward lower-risk and more execution-reliable supply, with the Middle Eastern barrels gaining share as Russian crude flows remain present but…
- World
Crude oil rises in futures trade amid Venezuela crisis
New Delhi: Crude Oil prices rose by Rs 42 to Rs 5,197 per barrel in the futures trade on Monday amid cautious sentiment over geopolitical developments. On the Multi Commodity Exchange (MCX),…
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Wednesday rose Rs 26 to Rs 5,280 per barrel in futures trade as participants increased their positions following firm spot demand. On the Multi Commodity Exchange,…
- India
Crude oil futures ease amid weak spot demand
New Delhi: Crude oil futures on Tuesday declined Rs 2 to Rs 5,158 per barrel as participants trimmed their positions amid weak demand in the spot market. On the Multi Commodity Exchange,…
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Thursday rose Rs 6 to Rs 5,362 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 Monday declined by Rs 2 to Rs 5,195 per barrel as participants trimmed their positions amid weak demand in the spot market. On the Multi Commodity…
- Business
Crude oil futures ease amid weak spot demand
New Delhi: Crude oil futures on Tuesday declined by Rs 15 to Rs 5,326 per barrel as participants trimmed their positions amid weak demand in the spot market. On the Multi Commodity…
- Business
Crude oil futures gain on spot demand
New Delhi: Crude oil prices on Monday rose Rs 55 to Rs 5,364 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 Monday rose Rs 32 to Rs 5,454 per barrel in futures trade as participants increased their positions following a firm spot demand. On the Multi Commodity…
- India
Enough crude oil available globally, says Union Minister Puri
Hyderabad: Asserting that trade is not governed by any established set of rules, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said there is adequate crude oil supply…
