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PETROLEUM PRODUCT SHIPMENTS
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...- Gas prices in US hit $4.29 nationwide as California, Hawaii pay over $5; October on track for recordGas prices have climbed above $4 per gallon nationwide as the Iran war disrupts global oil supplies, putting October on track to become the...
- HPCL refinances Rs 50,000 crore Rajasthan refinery debt, eyes Rs 1,000 crore annual interest savingsHPCL has refinanced about Rs 50,000 crore of debt at its Rajasthan refinery, cutting borrowing costs by 105 basis points and targeting annu...
- Trump invokes Cold War-era Defense Production Act for oil production, refiningUS President Donald Trump has determined that petroleum production and refining are essential for national defense. This decision allows po...
- Stocks in news: Swiggy, Infosys, HPCL, eMudhra, Adani Power, Shriram Finance, Tata Motors and NLC IndiaIndian equity markets faced continued downward pressure, marked by persistent selling and negative global indicators. The Nifty 50 index sa...
- India eyes a $20 billion pot of gold in New Zealand as its trade pact goes liveThe free trade agreement between India and New Zealand promises to promote trade and enhance professional movement. While some goods may en...
- Russia ships the least crude oil in a month as major Baltic port haltsRussian crude shipments have dropped to a month low due to maintenance work disrupting operations at the Primorsk port. Despite a reduction...
- Permanent India UNSC seat an 'obvious element' of global governance reform: Polish envoyPoland's Ambassador to India affirmed support for India's permanent seat on the United Nations Security Council. This endorsement aligns wi...
- Putin proposes three-way summit with Trump and Xi to negotiate Ukraine conflict: ReportVladimir Putin has proposed a trilateral summit next month with Donald Trump and Xi Jinping to address the Ukraine conflict. The initiative...
- Iran ships some LPG, jet fuel despite US blockade, data showsIran has managed to export limited liquefied petroleum gas and jet fuel despite ongoing US naval blockades. The Iranian methodology involve...
- US considers removing sanctions on some shadow fleet vessels to cut freight rates, official saysDiscussions are ongoing regarding potential sanctions relief on shadow fleet vessels transporting legal oil and products. Companies would n...
- India's September goods exports rise 23% as imports hit six-month low, narrowing trade deficitIndia's goods exports surged by 23% in September, totaling $44.4 billion, supported by significant gains in electronics, petroleum, and eng...
- Trump's shadow fleet loophole: Easing US sanctions on oil tankers may not lower fuel costsIn an effort to address soaring shipping costs, the Trump administration is evaluating the possibility of easing restrictions on sanctioned...
- India's trade deficit widens to $30.21 billion in September despite 23% jump in exportsIn September, India's merchandise trade deficit expanded to $30.21 billion from $26.86 billion in August. Exports experienced a notable boo...
- Oil Price Today (October 14): Crude oil gains to $107 as Houthis attack Saudi Aramco building in new attacks. What are experts saying?Brent crude futures rose $1.40, or 1.35%, to $107.35 a barrel, while US West Texas Intermediate (WTI) crude futures gained $1.24, or 1.32%,...
- Oil prices climb as traders weigh Saudi supply risk, Russian diesel flowRecent developments have pushed oil prices higher as traders consider the supply uncertainties stemming from the ongoing conflict in Yemen....
- Trump announces surprise diesel deal with Putin: How much will Russia ship and would it be enough to bring down prices?Donald Trump announced a new deal with Russia to import diesel aimed at reducing fuel prices in the US. Under the agreement, 300,000 tons w...
- India’s diesel exports hit 1-year high in September as record margins drive Europe shipmentsIndia’s diesel exports rose to a one-year high of about 620,000 barrels per day in September as record refining margins encouraged refiners...
- EIA raises oil price forecasts as Iran war tightens global marketsThe EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Bren...
- Global Market: Gulf oil flows rebound to 81% of pre-war levels in SeptemberGulf oil flows excluding Iran recovered to 81% of pre-war levels in September, supported by a sharp rebound in Saudi Arabian exports. Crude...
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