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"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
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Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
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Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
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How India Is Turning Russian Oil Into The West's Fuel
India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.
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Xi Jinping To Embark On 3-Day Saudi Arabia Visit Tomorrow: State Media
Chinese President Xi Jinping will arrive in Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi state media reported on Tuesday.
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How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
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Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
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Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
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Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
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Reliance Industries Profit Surges, Powered By Oil Business
Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
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Oil Steadies After Choppy Trade, U.S. Says Export Ban Not Ruled Out
Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.
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India's Imports Of Cheap Russian Crude Surge Since Ukraine Invasion
The volumes of India's seaborne oil imports from Russia exclude CPC Blend oil, which is also exported via Russia's Black Sea port, but mostly supplied by Kazakhstan's subsidiaries of western countries as transit volumes.
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Well Run By Nigeria's Eroton Spills Oil And Gas For Over A Week
Eroton produces and exports crude from its Oil Mining Lease 18 block through the Nembe Creek Trunkline.
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Oil Rises $2/bbl After G7 Vows New Russian Sanctions
Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests
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"Extremely Tense": Russia Rattled As Oil Plummets To $52 Over Trump Tariffs
Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis, should oil prices continue to plummet the way they are currently.
-
Centre Scraps Windfall Profit Tax On Crude Oil, Petrol, Diesel Exports
The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
-
Explained: Why Is OPEC Cutting Crude Oil Output
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps around 40% of the world's crude, agreed on a new oil output deal on Sunday.
-
Fuels From Russian Oil Gets Backdoor Entry Into Europe Via India: Report
Record high imports of crude oil from Russia in fiscal 2022-23 helped India's refiners boost exports of diesel and jet fuel to Europe as the continent shunned Russian products, preliminary ship-tracking data from Kpler and Vortexa showed.
-
How India Is Turning Russian Oil Into The West's Fuel
India is playing an increasingly important role in global oil markets, buying more and more cheap Russian oil and refining it into fuel for Europe and the US.
-
Xi Jinping To Embark On 3-Day Saudi Arabia Visit Tomorrow: State Media
Chinese President Xi Jinping will arrive in Saudi Arabia on Wednesday for a three-day visit, his first to the world's biggest crude oil exporter since 2016, Saudi state media reported on Tuesday.
-
How India's Bingeing On Russian Oil Is Hitting Middle East
India's oil imports from the Middle East fell to a 19-month low in September while Russian imports rebounded although refining outages hit overall crude imports, data from trade and shipping sources showed.
-
Why Saudi Arabia Rebuffed Biden's Pleas for More Oil
The US has accused Saudi Arabia of siding with Russia after it led OPEC+ in a shock decision to slash crude output, keeping oil prices high at a time of global concern about inflation.
-
Finance Minister Nirmala Sitharaman Defends Windfall Tax On Crude, Oil Product Exports
Finance Minister Nirmala Sitharaman on Monday defended the windfall tax on domestically produced crude oil and additional tax on exports of refined petroleum products, saying the levy has been imposed in full consultation with the industry.
-
Oil Slides 2% On Rising U.S. Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies.
-
Reliance Industries Profit Surges, Powered By Oil Business
Reliance Industries Ltd reported a 46.3% jump in June-quarter profit, as robust refining margins due to intake of cheaper Russian crude and fuel exports buoyed its dominant oil-to-chemicals business.
-
Oil Steadies After Choppy Trade, U.S. Says Export Ban Not Ruled Out
Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.
-
India's Imports Of Cheap Russian Crude Surge Since Ukraine Invasion
The volumes of India's seaborne oil imports from Russia exclude CPC Blend oil, which is also exported via Russia's Black Sea port, but mostly supplied by Kazakhstan's subsidiaries of western countries as transit volumes.
-
Well Run By Nigeria's Eroton Spills Oil And Gas For Over A Week
Eroton produces and exports crude from its Oil Mining Lease 18 block through the Nembe Creek Trunkline.
-
Oil Rises $2/bbl After G7 Vows New Russian Sanctions
Libya said it would have to halt exports from the Gulf of Sirte due to unrest in the region while Ecuador said it would need to suspend production amid anti-government protests
