India’s oil product demand in May was up 860,000 barrels per day or 22 per cent year-on-year from a low base in 2021, S&P Global Commodity Insights said in a note. New Delhi, June 14 (IANS) India’s oil product demand in
Orenburgneft, Rosneft’s subsidiary and part of its oil and gas production segment, has achieved record oil production results from introducing domestic innovations. New Delhi, May 26 (IANS) Orenburgneft, Rosneft’s subsidiary and part of its oil and gas production segment, has achieved
The US on Sunday announced new sanctions on Russia, targeting management consultancies and accounting services and media outlets funded directly or indirectly by the state. Also, among the new curbs, were export controls on equipment and machinery such as bulldozers.
New Delhi, April 14 (IANS) High prices of fuels are likely to dampen near-term demand for energy, however, recovery is expected in the second half of calendar year 2022 (July-December). Driven by a more broad-based pickup in economic activity as the
New Delhi, April 5 (IANS) The state-run oil marketing companies on Tuesday raised key transport fuel prices for the 13th time in the last 15 days. Consequently, in the past 15 days, petrol prices have increased by Rs 9.40 per litre
New Delhi, March 31 (IANS) State-owned oil marketing companies (OMC) on Thursday raised the prices of petrol and diesel for the ninth time in the last 10 days. These prices were revised for the very first time on March 22, after
New Delhi, March 30 (IANS) The domestic retail selling prices of petrol and diesel were increased for the seventh time in eight days on Tuesday. Consequently, in the past eight days, petrol and diesel prices have increased by Rs 4.80 per
New Delhi, March 26 (IANS) Centre has the room to isolate consumers from roughly 15 per cent hike in international crude oil prices, said Motilal Oswal Financial Services. According to the brokerage house’s estimates, the Centre has the financial capacity to
New Delhi, March 26 (IANS) State-owned oil marketing companies (OMC) on Saturday raised petrol and diesel prices for the fourth time this week. These prices were revised for the very first time on Tuesday, March 22, after a gap of more
State-owned oil marketing companies (OMC) on Friday raised petrol and diesel prices for the third time this week. New Delhi, March 25 (IANS) State-owned oil marketing companies (OMC) on Friday raised petrol and diesel prices for the third time this week.
New Delhi, March 23 (IANS) State-owned oil marketing companies on Wednesday raised petrol and diesel prices for the second consecutive day. These prices were revised for the very first time on Tuesday after a gap of more than 4-months. Accordingly, the
Union Minister for Petroleum Hardeep Singh Puri on Monday informed the Rajya Sabha that the government is looking for an alternate market for fuel purchase amid the ongoing Russia-Ukraine conflict. New Delhi, March 14 (IANS) Union Minister for Petroleum Hardeep Singh
New Delhi, March 2 (IANS) Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday. Besides, robust global demand is expected to keep the Brent-index crude oil price high.
New Delhi, Feb 29 (IANS) India’s rupee is expected to weaken on the back of geo-economic pressures unleashed by the ongoing hostilities between Russia and Ukraine. Higher prices of global crude oil, gold and other commodities is likely to weaken the
New Delhi, Feb 26 (IANS) The Centre on Saturday said it is open to support initiatives for releases from ‘Strategic Petroleum Reserves’ to mitigate market volatility and calming the rise in crude oil prices. As per Ministry of Petroleum & Natural
New Delhi, Feb 26: Government of India is closely monitoring global energy markets as well as potential energy supply disruptions as a fall out of the evolving geopolitical situation. With a view to ensuring energy justice for its citizens and
New Delhi, Feb 26 (IANS) High crude oil prices, due to geo-political concerns, can spike petrol, and diesel prices by Rs 6 to Rs 8 per litre, ratings agency ICRA said. According to the ratings agency, the lagged revision in RSPs
Russia-Ukraine war has accelerated Brent Crude Oil prices which raced to $105 per barrel on Thursday and is expected to mar India’s economy with high inflation. At present, India which imports 85 per cent of its crude oil needs, is
New Delhi, Feb 24 (IANS) Brent-indexed crude oil prices climbed above $100 a barrel for the first time since 2014 after Russia declared war on Ukraine. On Thursday, Russian President Vladimir Putin announced a military operation in Ukraine. Besides, crude oil
Oil prices have surged past $100 a barrel after Russian President Vladimir Putin launched a “special military operation” in the eastern Donbas region of Ukraine, BBC reported. New Delhi, Feb 24 (IANS) Oil prices have surged past $100 a barrel after
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