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Crude Oil News

PAGE 6

Govt cuts windfall profit tax on crude oil, hikes levy on export of diesel, ATF

Representational image.

Published on Nov 1, 2022, 11:02 PM IST

Centre increases windfall tax on crude oil output

This is the seventh fortnightly review of the windfall profit tax on petroleum products since it was imposed from July 1, 2022 (REUTERS)

Updated on Oct 16, 2022, 5:09 AM IST

Retail prices of petrol, diesel may not be cut due to volatile oil market

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

Published on Sep 10, 2022, 7:17 AM IST

India's crude oil production falls 3.76 percent in July

India's crude oil production falls 3.76 percent in July

Published on Aug 23, 2022, 4:27 PM IST

Centre slashes windfall tax on domestic crude oil: Report

International oil prices have since then slid to below USD 95 per barrel but cracks on diesel and ATF rose

Published on Aug 19, 2022, 2:49 PM IST

Russian promoted Indian oil refinery posts record profit of about $447 million

Pic for representation

Published on Aug 13, 2022, 1:07 PM IST

Relief to refiners: Crude oil import price falls below $100 in Aug 1st week

The three state-run firms that control over 90% domestic fuel trade have suspended their daily pricing policy and frozen pump prices of petrol and diesel since April 7 amid rising inflation. (REUTERS/Richard Carson/File Photo)

Published on Aug 7, 2022, 3:49 AM IST

Oil falls as recession fears boost demand concerns

Investors are becoming more concerned as the latest surge in gas and fuel prices added to worries about a recession.

Published on Jul 5, 2022, 4:32 PM IST

Trade deficit widens on high oil import bill

Cairn India employees work at a storage facility for crude oil. (HT File Image)

Updated on Jun 3, 2022, 6:30 AM IST

India's import of cheap Russian crude oil touches record high in May | 5 facts

India's oil imports from Russia have been rising since February.

Updated on May 30, 2022, 7:05 PM IST

India's oil crisis rises: ONGC struggles to move Russian oil as sanctions bite

Published on Apr 27, 2022, 6:30 AM IST

US warns India against increasing oil imports from Russia, says ‘great risk’

Present US sanctions on Russia do not deter other countries from buying Russian oil.

Published on Mar 31, 2022, 9:55 AM IST

Chinese petroleum giant plans to invest $31 billion in oil, gas in 2022

A pump attendant refuels a car at a Sinopec gas station in Beijing, China,

Published on Mar 27, 2022, 3:01 PM IST

India sees 3rd hike in petrol, diesel prices in a week. Check updates here

Petrol and diesel have seen an overall increase of <span class='webrupee'>₹</span>2.4 per litre after months-long hiatus. (Amal KS/HT PHOTO)

Published on Mar 25, 2022, 7:20 AM IST

Indian pharma companies may replace Western manufacturers in Russia, says envoy

Denis Alipov, Russian Ambassador to India.

Published on Mar 19, 2022, 6:28 AM IST

India doubles down on move to procure crude oil from Russia

Russia has so far exported 360,000 barrels of oil a day to India in March alone. (AP Photo)

Updated on Mar 20, 2022, 3:52 AM IST

Asian shares retreat as oil climbs back above $100

Asian shares retreat

Published on Mar 18, 2022, 10:09 AM IST

India open to buying crude oil from Russia on discount

A general view shows a local oil refinery during sunset in Omsk, Russia March 16, 2022. (REUTERS/Alexey Malgavko)

Updated on Mar 18, 2022, 9:46 AM IST

Daily brief: India non-committal on visit by Chinese foreign minister Wang Yi

Chinese foreign minister Wang Yi (File Photo/Reuters)

Published on Mar 17, 2022, 8:37 PM IST

Oil surges 10% in Asia, euro skids as bonds rally

Crude oil prices have been on the rise of late and the Russia’s invasion of Ukraine has further fuelled concerns of supply disruption leading to further spike in prices.

Published on Mar 7, 2022, 7:27 AM IST

Open to releases from petroleum reserves: Centre

Crude oil prices have been on the rise of late and the Russia’s invasion of Ukraine has further fuelled concerns of supply disruption leading to further spike in prices. (Representational image)

Published on Feb 27, 2022, 4:50 AM IST

Bracing for crude oil above $100 in a demand deficient economy

Oil prices have been higher in the past, but the current rally might be here to stay. (Representational image)

Updated on Jan 20, 2022, 6:05 AM IST

US offers 18 million barrels of oil from its emergency reserves to cool prices

The announcement of the sale was expected, after the Biden administration announced it as part of a wider 50 million barrel release from the reserve in coordination with other oil-consuming countries including China, India and South Korea

Updated on Dec 18, 2021, 4:49 AM IST

Oil prices ease near $80 as US reveals plans to release 50 mn reserve barrels

FILE - A man wears a face mark as he fishes near docked oil drilling platforms, Friday, May 8, 2020, in Port Aransas, Texas.

Published on Nov 23, 2021, 7:25 PM IST

Oil near 6-week low as China readies crude reserve release

Brent crude was down 42 cents, or 0.5%, to $79.86 a barrel by 1217 GMT, after earlier dropping to $79.28, the lowest since Oct. 7.

Published on Nov 18, 2021, 6:10 PM IST

Can India become rule-maker in the global oil trade?

India needs to push for a bigger role for its exchanges and currency in the oil trade.

Published on Aug 21, 2021, 5:46 PM IST

Middle East's share of India's oil imports hits 25-month low

Lower purchases of oil from the Middle East dragged OPEC's share of Indian oil imports to a record low.

Published on Jun 24, 2021, 12:02 PM IST

The winners and losers from surging Oil and commodity prices

That’s been a boon for exporters. The flood of cash is a welcome relief for energy behemoths such as Saudi Arabia and Russia, whose leaderships have domestic challenges to contend with.

Published on Mar 11, 2021, 2:29 PM IST

Oil prices rise as vaccine drives bolster economic outlook

A crude oil tanker is seen at Qingdao Port, Shandong province, China.

Updated on Mar 11, 2021, 12:29 PM IST

Yamani, the Saudi oil minister who brought the West to its knees

Known for his elegant manner and trademark goatee beard, Yamani's 24-year tenure running the oil affairs of the world's biggest crude producer made him a global celebrity during the inflationary "oil shocks" of the 1970s.

Published on Feb 23, 2021, 2:42 PM IST

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