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FUEL OIL PRICES
US oil prices crash below $90 as JD Vance blames Iran War for GOP election loss: WTI falls to $88.92, Brent drops to $94.82, but will gas prices follow?Why did oil price crash below $90 today? US oil prices fell sharply after midterm election results indicated Democratic control of Congress...- US to loan about a third of heating oil reserve in bid to tame pricesThe US Energy Department will loan 300,000 barrels of fuel oil from its emergency heating reserve to four companies to ease supply pressure...
- Nitin Gadkari says new Toyota Innova to be launched on November 26, running cost to be just Rs 25 per literUnion Minister Nitin Gadkari has announced that Toyota will launch a new bioethanol-powered Innova in India on November 26. The vehicle wil...
- Indian oil refiners expect healthy margins amid global supply disruptionsA combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (A...
- Rising crude prices could push India's inflation by upto 1 percentage point, diversified imports helping secure oil supplies: EY's Gaurav ModaGaurav Moda, Partner and Energy Industry Leader at EY India said the increase in crude oil prices from an average of $60-65 per barrel to $...
- IndiGo to consider hedging fuel as it ventures on long haul routesIndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introd...
- PSU oil firms float tender to buy 150 mn litres of biodiesel at Rs 88/litreIndian oil marketing companies are inviting bids for 150 million litres of biodiesel over a three-month period. The procurement will begin ...
- India’s consumers are back, its stocks aren’t: Srinivasan SivabalanAmid the vibrant festive season in India, consumer demand is soaring, prompting businesses to boost sales and raise prices accordingly. How...
- Russian strikes cut power to thousands in Ukraine as drones damage Russian facilityRussian strikes on power infrastructure in Ukraine left hundreds of thousands without electricity during the ongoing conflict. President Vo...
- IOC, BPCL, HPCL clock Rs 30,106 cr Q2 profit, nearly 39 pc of last year's annual earningsIn the third quarter, spanning July to September, India's three major state-run fuel retailers announced a combined net profit of Rs 30,106...
- Commercial LPG price hiked by Rs 10; ATF rates up Rs 1.37 per litre from November 1From November 1, the price of a 19-kg commercial LPG cylinder increased by Rs 10 to Rs 2,820. Aviation turbine fuel prices have also risen ...
- Reliance Industries expands fuel exports to Africa, Europe as West Asia conflict disrupts suppliesReliance Industries has redirected fuel exports to Africa, the Mediterranean and other European markets to capitalise on supply disruptions...
- Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pumpMajor oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in...
- Government scraps export duty on petrol, raises levies on diesel and ATFThe Indian government has abolished the special additional excise duty on petrol exports as of now. Diesel export levies have been raised t...
- Oil-to-chemicals business powers Reliance Industries' record quarterly net profit, up 34% to ₹29,550 croreReliance Industries Ltd has set a new benchmark with a record net profit of ₹29,550 crore for the September quarter, fueled by significant ...
- Middle East war helps lift Reliance’s oil-to-chemicals earnings to an all-time highReliance Industries' oil-to-chemicals sector reported record earnings due to soaring global fuel prices. The firm credited this success to ...
- Reliance looks to Latin America, North America and the Mediterranean as Middle East oil disruptions put supply chains under pressureIn response to global energy market turmoil, Reliance Industries revamped its crude oil sourcing strategy for the July-September quarter. T...
- Petrol price in India cheaper than US, UAE, China, Canada: Global average petrol rate is Rs 150, diesel Rs 159, data showsPetrol rate in India are lower than in the US, UAE, China, Canada and several other countries, according to global fuel price data. While t...
- Airlines can't predict oil prices anymore. Travellers may be left footing the billAirlines globally face challenges in fuel cost hedging as prices remain elevated due to geopolitical tensions. Major airlines like AirAsia ...
- India earns nearly 50% more from fuel exports in April-September as costlier oil and weak rupee outweigh lower volumesIndia's petroleum product export earnings increased significantly in April to September, driven by high international prices. While the vol...
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