BPCL Signs MoU with Brazil’s Petrobras to Diversify Crude Oil Sourcing
On Saturday, state-owned Bharat Petroleum Corporation Ltd (BPCL) reported that it had signed a pact with Brazil’s national oil company Petrobras for sourcing crude oil...
Search Results for: Crude Oil
Crude Oil Weakens; Demand Concerns Increase as Building Permits Fall
On Tuesday, oil prices weakened, as evidenced by a weakening US housing market. However, movements are limited before the start of the latest US Federal...
Crude Oil Falls 3% on Demand Concerns, Strong Dollar
On Thursday, brent crude oil slipped 3% as expectations of weaker demand and a strong US dollar ahead of a potentially large interest rate gain...
Amid Chaotic Trade, Crude Oil Prices Globally Rising
At 10.50 am, the Intercontinental Exchange’s November Brent contract was trading at $89.90 per barrel, up 0.84 per cent from the previous close. West Texas...
Future Crude Oil Supplies For India Will Primarily Come From Gulf, Says Oil Minister
The majority of India’s crude oil supply in the foreseeable future, according to Hardeep Singh Puri, minister of petroleum and natural gas of India, will...
ONGC, Oil India Shares Up as Crude Oil Holds Above $100 per Barrel
Shares of oil and gas companies, including ONGC and IOC, extended gains on Thursday as crude prices continued to trade above $100 a barrel on...
Crude Oil Prices Rise After Saudi Warns OPEC
Today, Oil prices edged slightly higher, tracking a pause in the dollar rally in early Asia. The Organization of the Petroleum Exporting Countries (OPEC) stands...
Centre Cuts Windfall Tax on Crude Oil to Rs 17,000/Ton; RIL, ONGC Shares Up
According to a government order, the central government has slashed the windfall profits tax imposed earlier this month on crude oil by about 27% to...
India Deregulates Sale of Domestically Produced Crude Oil
On June 29, India’s Information and Broadcasting Minister said: The cabinet has approved a proposal to allow upstream oil companies to sell crude oil to...
Rupee Hits Low of 77.56/$ Amid High Crude Oil Prices
On Tuesday, the rupee hit an all-time down as it closed at 77.56 to the dollar amid the price of high crude oil. The rupee...