Oil
- Business
Rupee falls 9 paise to settle at 89.45 against US dollar
Mumbai: The rupee dropped 9 paise to settle at 89.45 against the US dollar on Friday, tracking a strong greenback and a rise in international crude oil prices. According to forex traders,…
- 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…
- India
BPCL inks Rs 1 lakh cr MoU with OIL for Ramayapatnam refinery project
Hyderabad: Bharat Petroleum Corporation Limited (BPCL) on Tuesday signed three Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), and Fertilisers & Chemicals Travancore Limited (FACT). BPCL and…
- World
India to pay ‘massive tariffs’ if it continues to buy Russian oil: Trump
Washington: US President Donald Trump said that India is going to pay “massive tariffs” if it continues to buy oil from Russia, while reiterating that he got assurance from Prime Minister Narendra…
- World
‘India starting to diversify’: Trump’s trade advisor on Russian oil
New York: India’s purchase of Russian oil is not a “bedrock” of the Indian economy, and the country is starting to diversify its energy buys, US Trade Representative Jamieson Greer said, noting…
- India
GST cuts to spur growth, offset US tariffs; India to keep buying Russian oil
New Delhi: Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact of the…
- India
India’s gains from Russian oil imports exaggerated
New Delhi: India’s gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research…
- India
US tariffs on Indian oil imports from Russia a ‘big blow’ to Moscow: Trump
Washington: President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a “big blow” to Moscow’s economy, which is not doing well, as he referred…
- World
Russia defends India’s trade rights, slams US pressure as illegitimate
Moscow: Russia on Tuesday said sovereign countries have the right to select their partners in trade and economic cooperation based on their interests, a day after President Donald Trump threatened to “substantially”…
- India
Ministries, depts asked to display oil, sugar content in snacks like samosa, pizza
New Delhi: The Union health ministry has urged all ministries and departments to instal displays of boards mentioning the sugar and oil content in snacks such as samosa, kachori, pizza, burger, french…
- World
Oil prices ease as Trump delays decision on Iran-Israel conflict
New Delhi: Crude oil prices eased in the global market on Friday, with the benchmark Brent crude futures trading 2 per cent lower at $77.24 a barrel, amid reports that President Donald…
- 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…
