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...
Tag : Crude Oil
Centre Increases Windfall Tax on Domestic Crude and ATF Export Fee
The union government has raised the windfall tax on locally produced crude oil sales to Rs 13,300 per tonne.The revision is effective beginning on September...
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...
Trade Deficit Hits High Record $26.18 Billion
In June, the Trade deficit was higher than anticipated as it widened to a record high of $26.18 billion amid a rise in imports of...
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...
Oil Prices Edges Lower as Markets Weigh Mixed Supply Signals
Oil prices fell on Thursday, rising sharply in the first half of last week, as traders weighed a larger-than-expected build in US Oil inventories against...
India’s Retail Inflation Rises To 6.95% In March
India’s annual retail inflation surged to a 17-month high in March, while factory output contracted month-on-month in February, complicating the central bank’s policy choices. Data...
India’s Crude Imports in November Hits 10-Month High
India’s crude oil imports in November rose to the highest level in 10 months as refiners stocked up to deliver strong demand in the world’s...
RBI Needs Longer Policy Support for Economic Recovery
The Reserve Bank of India (RBI) said that policy support is required to maintain India’s recovery. Earlier this month, The Reserve Bank of India’s (RBI)...
Oil Climbs US Crude Stocks Boosts Demand
Oil prices climbed on June 24 after a sharp reduction in the United States crude and gasoline stocks reinforced optimism of a quick recovery in...