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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The notification rescinded the June 2022 order and withdrew a levy of special additional excise duty (SAED) on the production of crude oil.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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Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
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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.
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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.
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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.
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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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Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
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Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
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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.
-
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.
-
Fuel Price Cut Unlikely, Top Official Says Crude Prices Have "Softened"
There's no reason to lower excise duty on petroleum products, Revenue Secretary Sanjay Malhotra told NDTV today, explaining that it was already done twice when crude prices were at their peak.
-
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.
-
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
-
Oil Rises 1 Per Cent As U.S. Crude Drawdown Overshadows OPEC+ Boost
Oil prices fell earlier on Thursday as Saudi Arabia and other OPEC+ states agreed to bring forward oil production rises to offset Russian output losses to ease surging oil prices and inflation and smooth the way for an ice-breaking visit to Riyadh by U.S. President Joe Biden.
-
Opinion: India Gorges On Cheap Russian Crude, But There's A Big Risk
Indian oil refiners are sucking up cheap Russian crude, but the risk is that their exports of refined products will eventually attract sanctions from countries determined to cut Russian energy out of global markets.
