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Crude Oil News

PAGE 5

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

US sanctions on Venezuela: Debate continues over oil export permits

In exchange, the White House gave him a financial lifeline by allowing US energy behemoth Chevron to import and sell Venezuelan oil.

Published on Jan 19, 2025, 5:35 PM IST

Indian Oil Corp buys 7 million barrels of crude amid US sanctions on Russia

As U.S. sanctions are predicted to affect supply from Russia, Indian Oil Corp (IOC), the nation's largest refiner, has purchased 7 million barrels of spot Middle Eastern and African crude oil through bids, including a unique acquisition of Abu Dhabi's Murban.

Published on Jan 17, 2025, 11:07 AM IST

China's Shandong Port bans US-sanctioned oil vessels, impacting Iranian trade

On Monday, the Shandong Port Group in China sent out a warning prohibiting oil boats authorised by the United States from docking at its ports on the east coast of the nation.

Published on Jan 7, 2025, 11:24 PM IST

Singapore declares former tycoon bankrupt after oil empire collapses

After his oil trading empire collapsed, former tycoon Lim Oon Kuin was declared bankrupt in Singapore.

Published on Dec 29, 2024, 2:01 PM IST

Oil prices steady as weekly rise expected amid China's economic recovery hopes

With hopes that economic stimulus initiatives will spur a resurgence in China, the world's largest oil importer, oil prices were little altered on Friday but were expected to climb weekly.

Published on Dec 27, 2024, 8:40 AM IST

PM Modi's visit to Kuwait to open new chapter in bilateral ties: MEA

A new chapter in bilateral relations will be ushered in by Prime Minister Narendra Modi's two-day visit to Kuwait, which begins on Saturday, according to the Ministry of External Affairs (MEA).

Updated on Dec 20, 2024, 6:19 PM IST

Government scraps windfall tax on crude, petrol, diesel exports

The government had imposed the windfall tax on the petroleum sector from July 1, 2022

Updated on Dec 3, 2024, 6:56 AM IST

Govt scraps windfall tax on domestic crude, petrol and diesel exports

A technician opens a pressure gas valve inside the Oil and Natural Gas Corp (ONGC) group gathering station on the outskirts of the western Indian city of Ahmedabad (REUTERS FILE PHOTO)

Published on Dec 2, 2024, 8:36 PM IST

Government scraps windfall tax on petrol, diesel, and ATF exports

Windfall tax is a special tax on domestic crude oil production which aims to capture revenue from the windfall gains of oil producers

Published on Dec 2, 2024, 3:40 PM IST

Operation to tow stricken oil tanker to start Sunday - Yemeni Houthi minister

Operation to tow stricken oil tanker to start Sunday - Yemeni Houthi minister

Published on Aug 31, 2024, 10:47 PM IST

India in talks with Norway's Equinor for oil reserves and gas deal

Published on Jun 16, 2024, 7:19 PM IST

Tankers Tied to the Russian Oil Trade Grind to a Halt Following US Sanctions

HT Image

Published on Feb 13, 2024, 10:47 AM IST

India reduces import of Russian crude oil over pricing

The development has coincided with reports of more than a dozen Russian tankers being diverted from India since December.

Updated on Jan 12, 2024, 5:03 AM IST

Why India's oil purchase from Russia declined: Hardeep Singh Puri explains

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri

Published on Jan 4, 2024, 9:28 AM IST

Centre hikes windfall tax on petrol crude oil to ₹2,300; tax on diesel cut

The windfall tax on crude oil has been increased by the Centre.

Published on Jan 2, 2024, 10:54 AM IST

Govt slashes additional excise duty on domestic crude oil to ₹1300

Representational Image

Published on Dec 19, 2023, 11:13 AM IST

First ever crude oil transaction in local currency occurs between India and UAE

Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan during a meeting at Qasr Al-Watan, in Abu Dhabi, Saturday, July 15.

Published on Aug 14, 2023, 10:48 PM IST

ONGC's Q1 net profit falls 34% on lower oil prices and output

ONGC (File photo)

Published on Aug 12, 2023, 2:47 PM IST

Saudi Arabia's Aramco Q2 profit drops 40% due to lower oil prices

An Aramco employee walks near an oil tank at Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia.

Updated on Aug 7, 2023, 5:51 PM IST

Centre hikes windfall tax on petroleum crude beginning today

Earlier this month, the government raised the windfall tax on petroleum crude to 1,600 Indian rupees per tonne from zero.

Published on Aug 1, 2023, 7:06 AM IST

Petrol, diesel prices on May 26: What are the latest rates in your city?

Petrol is being retailed in the national capital (Delhi) at <span class='webrupee'>₹</span>96.72 per litre while the cost of diesel stood at <span class='webrupee'>₹</span>89.62 per litre. (Reuters)

Published on May 26, 2023, 10:06 AM IST

India-Russia oil trade: Lessons from Iran

Prime Minister Narendra Modi with Russian President Vladimir Putin.

Published on May 8, 2023, 10:51 AM IST

Petrol, diesel prices on April 26: What are the latest rates in your city?

Fuel prices on the third consecutive day of the week has been kept unchanged

Updated on Apr 26, 2023, 8:31 AM IST

Ukraine minister to raise country’s participation in G20 during India visit

Emine Dzhaparova, Ukraine’s first deputy foreign affairs minister (Twitter Photo)

Updated on Apr 8, 2023, 11:35 PM IST

Govt fixes gas price for April at ₹648, rates capped at ₹532 for consumers

"For the gas produced by ONGC/OIL from their nomination fields, the price shall be subject to ceiling of USD 6.5 per mmBtu," the order said.

Published on Apr 7, 2023, 7:05 PM IST

PNG, CNG prices set to reduce as Cabinet announces new pricing mechanism

New Delhi, India - Oct. 20, 2020: A view of the HCNG Plant and Dispensing Station inaugurated by Minister of Petroleum and Natural Gas Dharmendra Pradhan at Rajghat DTC Bus Depot in New Delhi, India, on Tuesday, October 20, 2020. (Photo by Ajay Aggarwal / Hindustan Times) (Ajay Aggarwal /HT PHOTO)

Updated on Apr 7, 2023, 7:45 AM IST

Centre cuts windfall tax on crude oil to zero, diesel halved

As per the usual practice, the windfall profit tax on petroleum that was imposed on July 1, is revised fortnightly. (Ramesh Pathania)

Published on Apr 4, 2023, 2:40 PM IST

Centre cuts windfall tax on crude, aviation turbine fuel and diesel: Report

The cuts came as Indian refiners continued to stock up discounted Russian fuel amid a steady increase in domestic consumption.

Published on Feb 16, 2023, 9:33 AM IST

Windfall tax on crude, aviation fuel slashed

representative image

Published on Dec 16, 2022, 9:08 AM IST

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