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India's edible oil imports up 6.7 per cent in May to 13.39 lakh tonnesIndia's edible oil imports saw a significant rise in May, reaching nearly 13.39 lakh tonnes. This increase was primarily fueled by higher s...- BPCL, HPCL, IOCL shares rally up to 4% as oil prices hit two-month low. What are experts saying?Indian oil marketing stocks surged as crude oil prices dropped to a two-month low amid reports of a potential US-Iran peace deal. HPCL, IOC...
- Higher ethanol mix tax cut a good driveIndia is rolling out incentives for petrol mixed with higher ethanol percentages, marking a significant step in its commitment to bolster e...
- China learns to live on less fuel, to the relief of oil marketsChina's fuel demand has unexpectedly dropped significantly, with gasoline and diesel sales falling as consumers shift to electric vehicles ...
- Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...
- Brazil ready to ramp up crude supplies to India as Iran war disrupts gulf flowsBrazil is ready to increase oil supplies to India. This comes as India seeks to diversify its crude sources due to shipping issues. Brazil'...
- US-Iran war: Oil seen averaging at $105 per barrel in June, July as brent remains below $100 a barrelIran war impact: Oil prices are projected to average $105 per barrel in June and July. This forecast assumes continued Strait of Hormuz dis...
- China's imports of major commodities show price remains key driverChina's May commodity trade reveals price is key to its resource imports. Crude oil imports hit an eight-year low due to high prices. Coppe...
- Gold drops as oil climbs on renewed US-Iran hostilitiesGold prices dropped over 1% as rising oil prices, fueled by renewed U.S.-Iran hostilities, heightened inflation and interest rate hike conc...
- Iran war fallout: Fuel use drops 6.5% in May; experts see warning signs for economyIndia's demand for transportation fuels and petroleum products is declining due to supply disruptions and higher prices stemming from the I...
- BP names heads for two main businesses after revampBP is reorganising its business into two core units, upstream and downstream. Gordon Birrell will lead the upstream operations, while Richa...
- India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh PuriIndia possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and ...
- Oil market calm masks a host of unknownsGlobal oil markets are experiencing an unusual calm despite a major supply shock. The Strait of Hormuz remains largely shut, impacting sign...
- India can grow over 8% despite oil shocks, crude impact overblown in narrative: World Bank execIndia's economy shows strong growth, defying fears of oil price shocks. Neelkanth Mishra, World Bank Executive Director, states India is we...
- Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...
- Why Asia's oil lifeline can't survive on US crude aloneAsian nations are receiving more crude oil from the United States. However, these increased shipments cannot fully replace oil lost due to ...
- Fuel duty cuts can power export hikeIndia's fuel exports are set to rise following export duty cuts. This move aims to restore shipments to Europe and West Asia. High crude oi...
- India keeps local jet fuel prices unchanged after airline pleaIndian oil refiners have maintained jet fuel prices for domestic flights. This decision follows a request from airlines facing challenges f...
- Patanjali Foods Q4 Results: Profit jumps 46% to Rs 524 crore despite margin pressurePatanjali Foods reported a strong rise in quarterly and annual earnings, driven by robust growth in its edible oils and FMCG businesses. Wh...
- Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...
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