Oil Trading Business

US Secretary of State Mike Pompeo and foreign minister S Jaishankar today agreed that the even best friends can have differences that need to be worked out. The day was devoted to discussions on contentious issues like Russian arms deal, purchase of oil from Iran, trade tariffs and the H1B visa. The two had a long meeting that included a working lu...

Brent crude futures were at $75.22 in intraday trade, up 65 cents. US West Texas Intermediate crude was at $66.09 per barrel, up 20 cents

Shell China, a unit of Royal Dutch Shell, said on Monday that its Zhejiang-based subsidiary Shell (Zhejiang) Petroleum Trading Ltd Co has received a license to trade refined oil products in China. The license will allow Shell to trade oil products in the wholesale market, according to a press release from Shell China, expanding its business beyond ...

Amid a full-blown trade war between China and the US, an Indian business delegation on Wednesday held talks with Chinese oil meal importers as New Delhi looks to resume export of its crop banned by China in 2012.

The BSE Sensex fell as much as 110 points to hit the day's low of 33,065, dragged down by metal and energy stocks amid weakness in other Asian markets. The National Stock Exchange (NSE) benchmark index Nifty declined 49 points to touch an intraday low of 10,145 in morning deals. State-run oil marketing companies (OMCs) Indian Oil, Bharat Petroleum...

The BSE Sensex fell as much as 102 points on Thursday dragged down by energy stocks. The BSE benchmark index Sensex touched an intraday low of 33,733 while the NSE Nifty declined 33 points to hit 10,376. Oil & gas stocks - down around 0.8 per cent in afternoon deals - weighed on the indices. Shares in the other Asian markets slipped broadly amid mo...

Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.

The stock markets are likely to start Tuesday's session on a positive note.

India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion.

The gap between imports and exports balloons by more $31 billion in the first seven months of the current financial year to $86.15 billion.

The state-run company has bought a million barrels of Nigerian oil Akpo, said a top official.

Sectoral indices led by metal, oil & gas, banking, teck and PSU were trading in the red.

With the 1.2 million bpd refinery, the world's largest, India wants to have a greater say in the global fuel trade, Oil Minister Dharmendra Pradhan said.

ICEX, a screen-based online derivatives exchange for commodities, has already received in-principle approval from Sebi for commencement of business and trade operations for diamond, crude and Brent oil contracts.

Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.

US Secretary of State Mike Pompeo and foreign minister S Jaishankar today agreed that the even best friends can have differences that need to be worked out. The day was devoted to discussions on contentious issues like Russian arms deal, purchase of oil from Iran, trade tariffs and the H1B visa. The two had a long meeting that included a working lu...

Brent crude futures were at $75.22 in intraday trade, up 65 cents. US West Texas Intermediate crude was at $66.09 per barrel, up 20 cents

Shell China, a unit of Royal Dutch Shell, said on Monday that its Zhejiang-based subsidiary Shell (Zhejiang) Petroleum Trading Ltd Co has received a license to trade refined oil products in China. The license will allow Shell to trade oil products in the wholesale market, according to a press release from Shell China, expanding its business beyond ...

Amid a full-blown trade war between China and the US, an Indian business delegation on Wednesday held talks with Chinese oil meal importers as New Delhi looks to resume export of its crop banned by China in 2012.

The BSE Sensex fell as much as 110 points to hit the day's low of 33,065, dragged down by metal and energy stocks amid weakness in other Asian markets. The National Stock Exchange (NSE) benchmark index Nifty declined 49 points to touch an intraday low of 10,145 in morning deals. State-run oil marketing companies (OMCs) Indian Oil, Bharat Petroleum...

The BSE Sensex fell as much as 102 points on Thursday dragged down by energy stocks. The BSE benchmark index Sensex touched an intraday low of 33,733 while the NSE Nifty declined 33 points to hit 10,376. Oil & gas stocks - down around 0.8 per cent in afternoon deals - weighed on the indices. Shares in the other Asian markets slipped broadly amid mo...

Financial markets went into a tailspin on Monday when US stocks plunged in highly volatile trading which saw the Dow Jones Industrial Average tumble by almost 1,600 points in intraday trading as investors grappled with rising bond yields and potentially firming inflation.

The stock markets are likely to start Tuesday's session on a positive note.

India imported 124.6 million tonnes of crude oil and petroleum products in April-September for $43.5 billion.

The gap between imports and exports balloons by more $31 billion in the first seven months of the current financial year to $86.15 billion.

The state-run company has bought a million barrels of Nigerian oil Akpo, said a top official.

Sectoral indices led by metal, oil & gas, banking, teck and PSU were trading in the red.

With the 1.2 million bpd refinery, the world's largest, India wants to have a greater say in the global fuel trade, Oil Minister Dharmendra Pradhan said.

ICEX, a screen-based online derivatives exchange for commodities, has already received in-principle approval from Sebi for commencement of business and trade operations for diamond, crude and Brent oil contracts.

Brent crude oil prices rose above $55 a barrel, trading at a fresh 16-month high, on rising prospects of a tightening market after OPEC members agreed on a landmark deal to cut production last week.