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Crude Oil News

PAGE 4

Fire at ONGC well in Andhra’s Konaseema triggers panic, no casualties

Incident at a well operated by ONGC’s production contractor Deep Industries Ltd.

Updated on Jan 5, 2026, 9:59 PM IST

What happens to Venezuela's mega oil wealth now? Trump's plan on slippery turf

A flame burning natural gas is seen at a heavy-crude treatment plant operated by Venezuela's state oil company PDVSA, in the Orinoco belt.

Updated on Jan 5, 2026, 3:45 AM IST

India reacts to US sanctions on Russian oil firms: 'Decisions we take are...'

MEA spokesperson Randhir Jaiswal during a press conference in New Delhi.

Updated on Oct 30, 2025, 4:14 PM IST

In UK's latest sanctions on Russia's oil companies, a message to firms in India

Britain said that it would take all necessary measures to stop Moscow from funding its war in Ukraine.

Updated on Oct 16, 2025, 9:10 AM IST

India asks US to allow Iran or Venezuela oil in order to curb Russia oil imports

India stopped buying Iranian oil in 2019. Its largest private refiner—Reliance Industries—halted purchases of Venezuelan crude this year as the US tightened sanctions.

Updated on Sep 25, 2025, 5:20 PM IST

Want India to open for US crude: Trump's Delhi nominee amid Russian oil pushback

White House Presidential Personnel Office Director Sergio Gor, nominee to be ambassador to India, testify before a Senate Foreign Relations Committee

Updated on Sep 12, 2025, 8:30 AM IST

‘India is a good negotiator, tariff hike temporary’: Israeli economist

Trump also reiterated his belief that tariffs are essential in rebalancing trade.

Published on Sep 8, 2025, 11:30 PM IST

Indian Oil-led refiners seek to fully revive Russia oil imports in US pushback

The US has imposed 50% tariffs on India, alleging that New Delhi's Russian oil imports are fuelling Moscow's Ukraine war.

Updated on Sep 8, 2025, 3:05 PM IST

Oil prices continue to fall as US crude inventories increase

Expectations are growing that the Organization of the Petroleum Exporting Countries and allies like Russia will push more barrels into the market to regain market share at Sunday's meeting.

Published on Sep 5, 2025, 2:52 PM IST

Reliance, Indian Oil flock to US crude oil after crackdown on Russian barrels

Indian refiners have stepped up their purchases of US crude oil after price drops.

Published on Aug 29, 2025, 8:29 PM IST

Indian Oil to Reliance go easy on Russia crude oil as 50% US tariffs loom

Three of the world’s largest oil consumers will release crude from its Strategic Petroleum Reserve.

Updated on Aug 26, 2025, 6:09 PM IST

Oil prices rise after Ukraine attacks hit Russian energy sites

Brent crude futures rose 6 cents, or 0.09%, to $67.79 at 0050 GMT, and West Texas Intermediate (WTI) crude futures gained 9 cents, or 0.14%, to $63.75.

Published on Aug 25, 2025, 9:01 AM IST

Jaishankar hits back at West on Russian oil purchase: ‘Europe bigger buyers'

External affairs minister S Jaishankar speaks during a meeting with Russia's Foreign Minister Sergey Lavrov, in Moscow.

Published on Aug 23, 2025, 3:55 PM IST

‘Unjustified’: Russia slams Trump tariffs, backs India over crude oil purchase

Roman Babushkin, charge d'affaires at the Russian embassy in India, listens to a question during a press conference in New Delhi, on August 20, 2025.

Updated on Aug 20, 2025, 1:36 PM IST

Greta Thunberg, other activists block Norway's Mongstad Oil Refinery

Greta Thunberg said in a statement the protesters had gathered because 'it's crystal clear that there is no future in oil'.

Published on Aug 18, 2025, 5:22 PM IST

India's Russian crude oil buying has to stop, US adviser Peter Navarro says

Peter Navarro will serve as a senior counselor for trade and manufacturing, Trump announced on Truth Social, his social media website.

Updated on Aug 18, 2025, 11:09 AM IST

'No pause' on Russian oil purchase amid Trump tariffs, says Indian Oil chairman

Before February 2022, Russian crude oil accounted for less than 1 per cent of India's oil imports.

Published on Aug 14, 2025, 9:39 PM IST

US trade talks to stick to terms agreed earlier

he two countries finalised the detailed terms of reference (ToR) to enter into negotiations of the bilateral trade agreement (BTA) on March 29 during their first physical round of talks in New Delhi. (PTI)

Updated on Aug 4, 2025, 7:03 AM IST

No need to worry, we have sufficient energy reserves: Hardeep Puri

Union minister for petroleum and natural gas Hardeep Singh Puri on Thursday reassured that there is no reason to worry about energy count in wake of the conflict situation in the Middle East and that we have sufficient energy reserves to last for weeks. (ANI File)

Published on Jun 27, 2025, 8:06 AM IST

Oil soars as Trump’s attack on Iran ramps up risks to supplies

A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025.

Published on Jun 23, 2025, 4:13 AM IST

Hardeep Puri assures fuel stability amid Middle East tensions over Hormuz

Around one-fifth of the world's oil consumption passes through the Strait of Hormuz, which is situated between Iran and Oman.

Updated on Jun 23, 2025, 4:11 AM IST

Pakistan discovers new oil and gas reserve in Sindh

Experts reportedly said that the latest discovery shows that Pakistani soil still houses some untapped energy.

Published on Jun 22, 2025, 10:53 PM IST

Can Keystone XL pipeline shutdown increase oil prices in the US? Experts answer

The Keystone XL pipeline's recent closure has sparked worries about possible increases in oil costs nationwide.

Published on Apr 10, 2025, 3:53 AM IST

Global oil prices fall as Donald Trump’s wide-ranging tariffs threaten demand

West Texas Intermediate declined as much as 3.3% to $69.38 a barrel, tracking a slump in wider markets.

Updated on Apr 3, 2025, 8:35 AM IST

India looks for alternatives as Trump threatens tariffs on Russian oil buyers

Oil storage tanks are seen at the Bharat Petroleum Corporation Ltd refinery in Mumbai April 24, 2008.

Published on Apr 1, 2025, 10:58 AM IST

Crude oil prices fall over Chinese inflation dip

Brent Crude traded close to $70 a barrel after touching a new low since 2021 last week, while WTI Crude was below $67.

Published on Mar 10, 2025, 5:43 PM IST

After Trump's tariffs, Mexico seeks Asian and European crude oil buyers

After Trump's tariffs, Mexico seeks Asian and European crude oil buyers

Published on Mar 6, 2025, 6:47 AM IST

A treasured Banksy owned by a member of Blink-182 is up for auction. It could fetch $6 million

A treasured Banksy owned by a member of Blink-182 is up for auction. It could fetch $6 million

Published on Feb 18, 2025, 10:02 PM IST

‘Buy, baby, buy’: Energy connect set for big boost

‘Buy, baby, buy’: Energy connect set for big boost

Updated on Feb 15, 2025, 12:12 AM IST

India to boost US oil purchases following Trump's energy production plans

Following U.S. President Donald Trump's vow to maximise U.S. oil and gas output, India is probably going to buy more of the U.S.

Published on Jan 21, 2025, 6:03 PM IST

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