Crude

Duty hike on crude, refined oils to hugely benefit farmers: Official

According to a finance ministry notification, the basic customs duty on crude palm, soybean and sunflower seed oil has been increased from nil to 20%.

14 September 2024, 06:07 IST

Duty hike on crude, refined oils to hugely benefit farmers: Official

14 September 2024, 06:07 IST

Iran finds smuggled crude on seized tanker: Reports

Iran, which has some of the world's cheapest fuel due to subsidies and the plunge in the value of its currency, has been fighting rampant smuggling by land to neighbouring countries and by sea to Gulf Arab states.

29 July 2024, 11:28 IST

Iran finds smuggled crude on seized tanker: Reports

29 July 2024, 11:28 IST

Rupee rises 4 paise to 83.62 against US dollar in early trade

Forex traders said the local currency gained strength as crude oil prices and the American currency retreated from their elevated levels. Moreover, foreign fund inflows also supported the rupee.

23 July 2024, 04:50 IST

Rupee rises 4 paise to 83.62 against US dollar in early trade

23 July 2024, 04:50 IST

Windfall tax on crude petroleum slashed to Rs 3,250/tonne

The new rates are effective from June 15, an official notification said.

15 June 2024, 05:35 IST

Windfall tax on crude petroleum slashed to Rs 3,250/tonne

15 June 2024, 05:35 IST

Russia’s war machine revs up as the West’s plan to cap oil revenues sputters

A variety of factors have allowed Russia to continue profiting from strong oil revenue, including lenient enforcement of the price cap

20 May 2024, 16:50 IST

Russia’s war machine revs up as the West’s plan to cap oil revenues sputters

20 May 2024, 16:50 IST

Russia now buying Indian stocks, govt securities, to address accumulation of rupees: Report

India is the largest consumer of Russian seaborne oil, sold at a discount after Western nations shunned purchases from Moscow for its invasion of Ukraine.

06 May 2024, 15:13 IST

Russia now buying Indian stocks, govt securities, to address accumulation of rupees: Report

06 May 2024, 15:13 IST

Reliance buys its first Canadian crude from Trans Mountain pipeline: Sources

Shell will perform ship-to-ship transfers to move about four 500,000-barrel cargoes of Access Western Blend (AWB) onto a Very Large Crude Carrier and ship the oil to the Sikka port, the sources said, where Reliance operates the world's biggest refining complex.

30 April 2024, 03:09 IST

Reliance buys its first Canadian crude from Trans Mountain pipeline: Sources

30 April 2024, 03:09 IST

Government raises windfall tax on petroleum crude

The tax, which is revised every fortnight, will remain unchanged at zero for diesel and aviation turbine fuel.

15 April 2024, 20:09 IST

Government raises windfall tax on petroleum crude

15 April 2024, 20:09 IST

Indian refiners buy more US crude as Russia sanctions tighten

About 7.6 million barrels of oil, or 2,56,000 barrels per day (bpd), were headed to India on three very large crude carriers and three Suezmax vessels.

26 March 2024, 03:06 IST

Indian refiners buy more US crude as Russia sanctions tighten

26 March 2024, 03:06 IST

Oil heads for weekly gains after Israel rejects ceasefire offer

Brent crude futures slipped 0.1% to $81.52 a barrel, while US West Texas Intermediate crude futures fell 1 cent to $76.21 a barrel.

09 February 2024, 09:59 IST

Oil heads for weekly gains after Israel rejects ceasefire offer

09 February 2024, 09:59 IST