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CRUDE OIL IMPORTS
ONGC approves guarantee to MRPL to import crude oil from Saudi AramcoONGC approved a $500 million parent company guarantee for its subsidiary MRPL. This guarantee facilitates crude oil imports from Saudi Aram...- Oil Price Today (July 28): Crude oil dips 10% in two sessions as US, Iran mull peace talks. What are experts saying?Brent crude futures were down $0.78, or 1%, at $88 a barrel, while US West Texas Intermediate crude fell $0.88, or 1.1%, to $82. Both bench...
- MRPL seeks crude via tender avoiding Red Sea and Hormuz, document showsMangalore Refinery and Petrochemicals Ltd is seeking oil imports via a spot tender. The company has asked suppliers to avoid the Red Sea an...
- Indian bonds rebound as easing Middle East tensions drag oil lowerIndian government bonds experienced a significant surge early this week. This rise followed a sharp decline in crude oil prices over the we...
- Oil Price Today (July 27): Crude oil dips 5%, below $95 as US pauses strikes on Iran. What are experts saying?Brent crude futures dropped $4.89, or 5.05%, to $91.89, after briefly falling below the key $90 support level earlier in the session. US We...
- Rupee nears record low amid rising oil prices and geopolitical risksThe Indian rupee is nearing a record low against the dollar this week. Elevated oil prices and geopolitical tensions are increasing pressur...
- Russia crude prices swing wildly amid Iran warThe landscape of Russian crude prices for Indian refiners has seen considerable volatility influenced by the Iran war. Initially, discounts...
- Crude oil prices rise 10% this week but China enters fray to push for end to Iran war. What’s next?Crude oil futures experienced a significant decline on Friday. This drop followed reports of China's initiative to restart stalled US-Iran ...
- Rupee hits day’s low against US dollar, recovers on RBI supportThe Reserve Bank of India's interventions prevented the rupee from falling to a new record low. State-run banks sold dollars, and foreign i...
- India loses Russia oil discount as Red Sea, Hormuz risks upend crude marketsRussia's crude oil discounts for India have disappeared as Middle East supply disruptions and Red Sea shipping risks boost demand for alter...
- Oil Price Today (July 24): Crude oil dips below $100 but up 13% this week as supply tensions mount. $120 per barrel possible?Brent futures fell 81 cents, or 1%, to $99.68 a barrel at 0126 GMT, but were still set for a 13.5% rise this week. West Texas Intermediate ...
- Updated: Indian bonds fall for third session as oil prices near $100 a barrelIndian government bonds experienced a decline for the third straight session on Thursday, primarily influenced by escalating tensions in th...
- India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP modelIndia plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new f...
- Oil prices scorch Indian bonds; rising Treasury yields add to pressureIndian government bonds declined early Thursday as Middle East tensions escalated. Crude oil prices neared $100 a barrel, and U.S. Treasury...
- Oil Price Today (July 22): Crude oil crosses $90, hits 2-month high as US strikes enter 11th day. $120 possible, say expertsBrent crude prices crossed the mark of $92 a barrel, rising to the levels last seen in early-June. West Texas Intermediate (WTI), the US cr...
- After Hormuz, Gate of Tears may make the world cry. What about India?The Bab el-Mandeb Strait, a key shipping route connecting Red Sea and Gulf of Aden, faces growing risks of disruption after Yemen’s Houthi ...
- $120 crude oil scare is back & India has plenty at stakeGoldman Sachs has warned Brent crude could rise above $120 a barrel if disruptions in the Strait of Hormuz persist. For India, which import...
- Why oil prices haven't gone crazy despite 5 months of US-Iran warOil prices stayed below predictions despite the US and Iran conflict. China's reduced oil imports significantly impacted global demand for ...
- Saudi Arabia begins regaining share in India's crude importsSaudi Arabia is expected to supply 464,000 barrels per day (bpd) to India in July, based on arrivals in the first half of the month and tan...
- Russian oil still India's key energy bet despite looming US tariff risksProposed US tariffs on Russian crude imports could inject fresh market volatility. Replacing Russian supply would be difficult due to limit...
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