Oil
- World
US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of…
- World
India imports 49 bn euro worth of Russian oil in 3rd year of Ukraine invasion
New Delhi: India, the world’s third largest oil consuming and importing nation, bought crude oil worth 49 billion euros from Russia in the third year of Moscow’s invasion of Ukraine, a global…
- Middle East
India, Iraq explore ways to diversify trade from oil to non-oil sectors
New Delhi: India and Iraq on Monday discussed ways to further increase and diversify trade from oil to non-oil sectors, while stressing the importance of expanding economic partnership and technology engagement. The…
- India
India reaps pricing benefits of crude oil imports from Russia
Chennai: In the case of oil imports, India till now is on a firm path of sourcing the product cheaply from Russia since the latters invasion of Ukraine. This is much against…
- India
‘No contradiction’ in India remaining US partner & its buying crude oil from Russia: US
New Delhi: By driving a hard bargain with Russia in procuring crude oil at the lowest price possible, India is furthering the policy of G7 and Washington is “comfortable” with New Delhi…
- Andhra Pradesh
7 die of asphyxiation while cleaning oil tank in AP factory, FIR registered
Kakinada: Seven workers of an edible oil packaging factory in a village in Kakinada district were asphyxiated on Thursday when they got into an oil tank to clean it, police and district…
- India
UAE minister says governments should frame pro-growth, pro-climate policies
Bengaluru: The UAE, India’s fourth largest supplier of crude oil, on Tuesday made a pitch for policies that hold back emissions but not progress as it saw hydrocarbons continuing to play a…
- World
Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
Houston: Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast. Partly as the result, crude oil…
- Pakistan
Taliban signs 1st agreement with Chinese firm to drill for oil
Kabul: The Taliban-led government in Afghanistan is to sign a contract with a Chinese firm to drill for oil in the war-torn country’s north. It would be first major energy extraction agreement…
- India
Bangladesh PM hopes to import oil from India by 2023 via proposed pipeline
Dhaka: Bangladesh Prime Minister Sheikh Hasina expressed hope to import oil from India by 2023 through a proposed pipeline project. She made the remarks on Sunday during a meeting with Speaker of…
- Middle East
Saudi Aramco announces largest investment in South Korea, worth $7 billion
Riyadh: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company on Thursday announced its largest ever investment in South Korea for a project to develop a world-class integrated petrochemical steam…
- Middle East
Yemeni Houthis send ‘warning’ to foreign oil tanker
Sanaa: Yemen’s Houthi group has said that they have warned a foreign oil tanker not to load crude oil in a government-controlled port in the Yemeni southeastern province of Shabwa. “We have…
- Pakistan
Pakistan’s oil sector warns of looming petrol, diesel crisis
Islamabad: The Oil Companies Advisory Council (OCAC) of Pakistan has said that the country is expected to face petrol and high-speed diesel shortage in the days ahead, calling for special measures to…
- Top Stories
Russia becomes India’s top oil supplier in October
New Delhi: Russia has become India’s top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa. Russia, which made up for just…
- Middle East
Explosions rock government-controlled oil port in Yemen
Sanaa: Two explosions ripped through a key government-controlled oil port in Yemen’s southeastern province of Hadramout, a security official said. “Initial reports indicate that the Houthi militia launched the attack against Dhabah…
