Crude Oil

Reuters Story On U.S. Crude Shipment To Saudi Arabia Is Incorrect And Withdrawn

Business | Reuters | Friday August 7, 2020

The August 6 story headlined, "U.S. sends first shipment of crude to Saudi Arabia in over a decade," is incorrect and withdrawn. The U.S. Census Department, which originally reported a shipment of crude oil to Saudi Arabia from the United States in June, said the party that filed with the Census Department mistakenly identified the destination of t...

Aviation Turbine Fuel Price Hiked 3% In Delhi, Sixth Straight Increase

Business | Edited by Sandeep Singh (with inputs from Press Trust of India) | Saturday August 1, 2020

Aviation turbine fuel rates are revised on the 1st and 16th day each month to bring them at par with international crude oil prices and forex rates.

India's Crude Oil Imports Hit Over 5-Year Low In June; Exports Fall

Business | Reuters | Saturday August 1, 2020

The country's top refiner, Indian Oil Corp, said it would continue to operate its refineries below capacity in 2020/21 as it expected local and overseas fuel demand to remain subdued.

Diesel Becomes Cheaper Than Petrol In Delhi After VAT Cut

Business | Edited by Sandeep Singh | Friday July 31, 2020

Diesel Price Delhi: The prices of petrol and diesel are broadly determined by crude oil and forex rates. However, the retail rates vary from state to state due to local taxes.

Diesel Prices Hiked In Metros, Petrol Unchanged. Diesel Remains Costlier Than Petrol In Delhi

Business | Edited by Sandeep Singh (with inputs from agencies) | Saturday July 25, 2020

Petrol, Diesel Price: State-run oil companies review the prices of petrol and diesel on a daily basis, to bring them at par with global crude oil rates.

India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon

Business | Reuters | Friday July 24, 2020

Last month, India did not import oil from Venezuela for the first time since June 2009

10% Layoffs At IndiGo, India's Biggest Private Airline

Business | Reported by Vishnu Som, Edited by Sandeep Singh (with inputs from agencies) | Monday July 20, 2020

IndiGo will lay off 10 per cent of its staff as the coronavirus pandemic has forced it to re-evaluate its "best-laid plans", the airline's CEO Ronojoy Dutta, said on Monday. IndiGo had "understood the gravity of the situation right at the start of this crisis", he said, as the the country's largest carrier grapples with declining revenues due to th...

Indian Oil's 300,000 BPD East Coast Refinery To Be Shut For 3 Weeks

Reuters | Monday July 20, 2020

Indian Oil Corp Ltd's 300,000 barrels per day refinery on the country's east coast to be shut for three weeks for maintenance, the top district administrative official told Reuters on Sunday.

MoU Signed For India To Develop Strategic Petroleum Reserve In US

India News | Press Trust of India | Saturday July 18, 2020

India and the US have signed an MoU to develop a strategic petroleum reserve in America and the two countries are in advanced stage of discussion to store crude oil in America to increase India's stockpile, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Friday.

Non-Subsidised LPG Rate At Rs 594/Cylinder In Delhi. Find Out Current Prices In Other Cities Here

Business | Edited by Sandeep Singh (with inputs from agencies) | Wednesday July 8, 2020

Latest LPG Rate: Currently, the LPG price in Delhi is at the lowest level recorded since August 2019.

Crude Oil Prices Up On Tighter Supply, Expectations For Positive Data

Business | Reuters | Monday July 6, 2020

Global market sentiment was also positive as investors expected a string of improving economic data

Global Crude Oil Price Inches Up On Manufacturing Data, Surge In Demand

Business | Reuters | Wednesday July 1, 2020

Brent crude was up 59 cents, or 1.4 per cent, to $41.86 a barrel at 4:30 pm, and UScrude was up 64 cents, or 1.6 per cent

Petrol, Diesel Prices Remain Unchanged Across Metros. Check Rates Here

Business | Edited by Peter Noronha | Wednesday July 1, 2020

Petrol, Diesel Price: Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT).

Core Sector Production Contracts 23.4% In May

Business | Edited by Sandeep Singh | Tuesday June 30, 2020

The coal, cement, steel, natural gas, refinery and crude oil sectors "experienced substantial loss of production" due to the lockdown in April and May, the government said.

Diesel Continues To Be Costlier Than Petrol In Delhi, But Reasonably Cheaper In Other Metro Cities

Edited by Shubham Parashar | Tuesday June 30, 2020

Diesel continues to be costlier than petrol by 10 paise in the national capital at Rs. 80.53 per litre while petro is being retailed at Rs, 80.43 per litre.