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CRUDE UNIT SHUTDOWN
JSW Steel crude steel production rises 15% to 22.93 LTJSW Steel reported a significant 15 percent jump in crude steel production for May. The company produced 22.93 lakh tonnes, a notable incre...- Bharat Petroleum to shut crude unit at Mumbai refinery in NovemberBharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other s...
- From trickle to torrent: Hormuz reopening may trigger a global oil floodThe reopening of the Strait of Hormuz could trigger a faster-than-expected recovery in global oil supplies. With tankers already positioned...
- War shifts 80% of India's diesel exports to AfricaIndia's diesel exports saw a significant shift in May. Africa became the primary destination, absorbing over 80% of shipments. This change ...
- Oil prices tumble 11% for biggest weekly drop in 7 weeks. Where is liquid gold headed from here?Global markets rallied as oil prices hit seven-week lows. Hopes for a peace deal between the US, Israel, and Iran eased inflation fears. Br...
- Iran says 'low' possibility of return to war with USIran's Revolutionary Guards are cautiously optimistic about avoiding war with the US but remain vigilant against potential threats. With pe...
- Why are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil settles lower after Iran talks progressWhy are oil prices down today and will Brent, US WTI crude futures continue to drop or rise again? Oil prices fell after the United States ...
- India buying Russian oil irrespective of US sanctions waivers, Indian official saysIndia has consistently purchased Russian oil, irrespective of U.S. sanctions waivers, according to a petroleum ministry official. The decis...
- India's Rs 1.7 lakh crore fuel crisis may have found an unlikely fixIndia faces high energy import costs and a weakening ₹. A Monaco company, FOWE Eco Solutions, presents a water-based fuel emulsion technolo...
- Two India-bound LPG tankers transit through Strait of Hormuz amid US-Iran warTwo ships carrying cooking fuel have successfully passed through the Strait of Hormuz. These vessels are heading towards India. This marks ...
- Oil Price Today (May 14): Crude oil above $105 per barrel. Here’s why Trump-Xi meeting is important for Strait of HormuzOil prices edged higher as investors awaited talks between U.S. President Trump and Chinese President Xi Jinping, focusing on economic gain...
- Oil Price Today (May 12): Crude oil at $105 as Donald Trump says peace talks on ‘life support’. What are experts saying?Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President...
- No happy hour yet: Alcohol makers flag cost shock, seek state price hikeAlcoholic beverage makers are urging state governments for price increases. Rising costs for cans and bottles are impacting production. Sup...
- Oil Price Today (May 6): Crude oil falls below $100, dives nearly 10%. What's behind the plunge?Oil prices dipped over 9% on Wednesday, falling for a second day as U.S. President Trump hinted at a potential peace agreement with Iran, l...
- India's Reliance to shut some units at 660,000 bpd refinery, govt official saysReliance Industries plans refinery maintenance. Some units at its 660,000 barrels per day refinery will close for three to four weeks. This...
- Reliance Industries to shut crude unit at 660,000 bpd refinery for maintenance, sources sayReliance Industries will shut a crude unit and secondary units at its 660,000 barrels per day refinery for three to four weeks. This mainte...
- Oil Price Today (May 5): Crude oil falls but holds above $110 as Iran war tensions persist. What are experts saying?Oil prices dipped Tuesday after a significant surge, as the U.S. Navy initiated operations to reopen the Strait of Hormuz. A U.S.-flagged v...
- Oil Price Today (May 4): Crude oil dips below $110, falls for second session. What’s behind the decline?Oil prices saw a slight dip on Monday. This comes as markets consider U.S. President Donald Trump's initiative to free ships stuck in the S...
- Iran sends proposal for negotiations with US to mediator PakistanIran has sent a new proposal to the United States through Pakistani mediators. This move could help end the ongoing war. Global oil prices ...
- Nigerian airlines avert shutdown as Mideast war hikes fuel pricesNigerian airlines continued flying on Thursday despite threatening a shutdown over sky-high jet fuel prices roiling the industry in Africa'...
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