Indonesia Issues New Regulations Aimed at Speeding Up Palm Oil Exports
According to a rule issued by the Trade Ministry on Thursday, Indonesia has launched an export acceleration program aimed at shipping at least 1 million...
Search Results for: Crude Oil
Oil India Surges 5%, Nears 52-Week High in Weak Market; ONGC Up 2%
On the BSE in Monday’s intra-day trade, in an otherwise weak market, as Brent crude rose after Saudi Arabia raised its price for its crude...
India Cuts Base Import Price of Palm Oil, Raises Soyoil Price
India lowered its base import prices for crude oil and refined palm oil while raising the price of crude soybean oil; the government said in...
EU Agrees to Ban Majority of Russian Oil Imports
In another retaliation for Russia’s invasion of Ukraine, EU leaders agreed to ban the majority of Russian oil imports after late-night talks on Monday, May...
Oil Rates Fall 2% as US Refiners Ramp Up Output, Equities Retreat
Oil prices reversed course and fell over 2 per cent after the government as per data showed US refiners ramped up output, easing worries of...
Saudi Aramco Net Profit Rises 82% on High Oil Prices in Q1 FY2
On Monday, Saudi Aramco posted its highest profit record after the oil has surged in the wake of Russia’s invasion of Ukraine. Last week, Apple...
Oil Prices Fall More Than 1%
Oil prices fell more than 1 per cent in a volatile week on Thursday as economic worries and fears of a recession gripped global financial...
Government Plans to Cut Cooking Oil Tax to Cool Soaring Prices
India is planning to cut taxes on some cooking oils to cool the domestic market after prices soared due to the Ukrainian war and a...
Indian Refiners Negotiate 6-Month Oil Import Deal with Russia
Indian refiners are negotiating a six-month oil deal with Russia to import millions of barrels a month as the world’s third-biggest importer seeks more oil...
ONGC Commissions Rs 6,000 Crore Projects to Boost Oil, Gas Output
The state-owned Oil and Gas Corporation (ONGC) has commissioned two projects for Rs 6,000 crore to increase oil production by 7.5 million tonnes and gas...