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US Says It Will Control Venezuela Oil Exports Indefinitely
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington's strategy.
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Taiwan Now Biggest Importer Of This Crude Oil Product From Russia, India Is Second
Taiwan, the United States' most effective bulwark in Asia against Chinese diplomatic and military pressure, has become the world's biggest importer of Russian naphtha, a petroleum derivative used in the semiconductor industry.
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India's Crude Oil Imports Dropped To Near 18-Month Low In July: Report
India's crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday.
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India's 8 Core Industries Post 1.7% Growth In June
India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.
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How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
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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The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.
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ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
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"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
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S Jaishankar's Reply On EU Call For Action Against India Over Russian Oil
Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time) advised him to look at EU Council regulations.
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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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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.
-
Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
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S-Oil's Gasoline Output Hit After Refinery Blast Kills One
South Korea's third largest refiner, S-Oil Corp, has suspended production of several processing units after a blast at its Onsan refinery.
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EU Proposes Russian Oil Ban To Make Putin 'Pay High Price' For Ukraine
The Commission's measures include phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
US Says It Will Control Venezuela Oil Exports Indefinitely
The Trump administration plans to control future sales of Venezuelan oil and hold the proceeds in US accounts, Energy Secretary Chris Wright said, making the clearest statement yet on Washington's strategy.
-
Taiwan Now Biggest Importer Of This Crude Oil Product From Russia, India Is Second
Taiwan, the United States' most effective bulwark in Asia against Chinese diplomatic and military pressure, has become the world's biggest importer of Russian naphtha, a petroleum derivative used in the semiconductor industry.
-
India's Crude Oil Imports Dropped To Near 18-Month Low In July: Report
India's crude oil imports fell 8.7% in July to 18.56 million metric tons month-on-month, the lowest level since February 2024, government data showed on Monday.
-
India's 8 Core Industries Post 1.7% Growth In June
India's core industries comprising eight sectors reported 1.7 per cent growth in June 2025, down from 5 per cent in the same month of 2024, data released on Monday by Ministry of Commerce and Industry showed.
-
How Trump's Pursuit Of Cheap Oil Will Impact India's Energy Security
To fulfil one of his major electoral agendas of providing cheap oil ('drill baby drill'), in his inaugural speech US President Donald Trump argued for increasing the domestic production of crude oil and utilising it to spur prosperity in US economy.
-
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.
-
ONGC To Start Crude Oil Production In KG Basin Next Week
The state-owned Oil and Natural Gas Corporation (ONGC) will start the production of crude oil from its flagship deep-water project in Krishna Godavari Basin next week.
-
"India Insulated Itself From Rising Fuel Prices By Reducing Tax": Minister
The discount on Russian crude oil is not as much now as it used to be in the initial period after the Ukraine conflict began, Oil Minister Hardeep Puri said on Friday.
-
S Jaishankar's Reply On EU Call For Action Against India Over Russian Oil
Responding to Josep Borrell, EU Foreign policy chief's remarks calling for action against Indian refined products from Russian crude, External Affairs Minister S Jaishankar on Tuesday (local time) advised him to look at EU Council regulations.
-
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.
-
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.
-
Indian Refiners' June Crude Processing Stays Robust, Output Slips
India refiners' crude processing remained resilient in June, holding above pre-pandemic levels amid steady demand, while production eased with the increased availability of cheaper Russian crude, government data showed on Friday.
-
S-Oil's Gasoline Output Hit After Refinery Blast Kills One
South Korea's third largest refiner, S-Oil Corp, has suspended production of several processing units after a blast at its Onsan refinery.
-
EU Proposes Russian Oil Ban To Make Putin 'Pay High Price' For Ukraine
The Commission's measures include phasing out supplies of Russian crude oil within six months and refined products by the end of 2022.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
