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OIL PRODUCTION INCREASE
OPEC oil output rises further in July led by Gulf producers, Reuters survey showsIn July, OPEC made a remarkable recovery by increasing oil production to 19.85 million barrels per day. Gulf nations resumed supplies that ...- Ethanol-blended diesel fails safety tests as flash point drops sharplyEthanol-blended diesel failed safety specifications, which sharply lowered its flash point. This technical issue effectively rules out wide...
- India's Russian crude imports hit record for second straight monthIndia's Russian crude oil imports reached a record in July, increasing by 2.1 percent. This surge was primarily fueled by smaller import te...
- Gold, silver, platinum duty earns govt Rs 10,463 crore since May 13Government collected Rs 10,463 crore in customs duty on precious metal imports. Gold imports generated Rs 10,040 crore, while silver and pl...
- $48 billion profit! 5 global oil majors cash in on oil surge amid Iran war. Where is money flowing?Five global oil majors — Exxon Mobil, Chevron, BP, Shell and TotalEnergies — posted a combined $48 billion profit in Q2, benefiting from oi...
- Vedanta Oil and Gas shares surge 12% to fresh record high. What should investors do?Vedanta Oil and Gas shares rose sharply on Monday after CRISIL upgraded the company’s long-term credit rating. The company reported a sharp...
- FSSAI crackdown in consumer interest, says Britannia chief Rakshit HargaveBritannia Industries MD Rakshit Hargave backed FSSAI’s crackdown on packaged foods and beverages, saying consumer interests should be prote...
- FMCG makers plan more price hikes as input costs stay elevated; demand holds strongLeading FMCG firms are planning price increases and shrinkflation this quarter. Rising commodity costs and geopolitical issues are driving ...
- July thali costs rise as onions, oil and LPG get costlier: ReportHome-cooked thali costs increased in July due to higher onion and oil prices. Vegetable oil and LPG cylinder prices also saw significant ye...
- Onion, chicken prices make home-cooked meals costlier in July: ReportVegetarian thali costs rose four percent year-on-year in July. Non-vegetarian thali prices increased nine percent due to higher chicken cos...
- India has built energy resilience to withstand external shocks, says PuriIndia has enhanced its energy security by diversifying crude oil supplies. Strategic infrastructure expansion and domestic exploration inve...
- India cuts energy import dependence to 42%, oil imports still meet 90% of demand: CII-EYIndia's primary energy import dependence has decreased to forty-two percent by FY25. Crude oil imports still meet nearly ninety percent of ...
- Russia's oil output rises in July on firm exports, refinery run recovery, sources sayRussia's crude and condensate output rose in July, exceeding nine million barrels daily. Strong oil exports and refinery recovery supported...
- World faces fresh food price surge, FAO warnsGlobal food prices may rise significantly by year-end and next year. Conflicts in Iran and Ukraine are impacting agricultural inputs and tr...
- World faces fresh food price surge, FAO warnsGlobal food prices may rise by year-end and next year. Wars in Iran and Ukraine impact agricultural inputs and exports. Extreme weather eve...
- War cost to world = '2.6 billion barrels of oil'Global oil inventories have significantly depleted since the US-Israeli war with Iran began. Saudi Aramco's chief stated that replenishing ...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
- Food prices largely stable, edible oils see sharp rise: GovernmentRetail prices for pulses and cereals remained stable due to increased food grain production. Vegetable prices saw minimal seasonal variatio...
- OPEC+ agrees September oil hike, completing rollback of voluntary cutsOPEC+ approved an oil production increase of 188,000 barrels daily for September. This move completes the unwinding of voluntary output cut...
- OPEC+ tipped to raise oil output as Middle East war disrupts suppliesOPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustme...
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