Govt hikes windfall tax on crude oil; ONGC & OIL to take hit
Upstream oil exploration and production companies ONGC and Oil India Ltd stand may lose as they will...
crude oil
Hindustan Petroleum to set up a global oil trading desk
The trading office may help HPCL trade in energy derivatives, international financing, and other joi...
A caution for India as Iran's one action can shoot up oil and LNG prices
Higher oil prices' have the potential to 'push up inflation expectations', which in turn can 'make t...
Oil eases as US demand concerns outweigh fears over Middle East conflicts
Crude stocks slumped by 6.4 million barrels to 453.6 million barrels in the week ended on April 19, ...
India's February oil imports rise amid shifts in global market dynamics
New Delhi: India's total oil import bill surged to USD 13.25 billion in February, marking a 10% incr...
India's oil import bill could swell to USD 101-104 bn in FY25: ICRA
Any escalation in the Iran-Israel conflict and an associated rise in crude oil prices could impart a...
Reliance renews bid for US license to import Venezuelan oil
The U.S. in April did not renew a general license for Venezuela to export oil and fuel to its chosen...
ONGC, Oil India to get relief as Centre cuts windfall tax on crude oil
The government had on April 16 raised the windfall tax on petroleum crude to INR 9,600 a metric ton ...
India to benefit as global oil prices decline by over USD 4 a barrel
The benchmark Brent oil futures for August edged lower to USD 77.50, on Wednesday, while July crude ...
Crude Oil Eases as Cautious Investors Await Fed Meet, US CPI Data
Oil prices traded lower on Tuesday, as investors waited for key U.S. inflation data and the outcome ...
Saudi Arabia Ends 50-Year Petrodollar Deal with US: Why Is It A Big News?
In a significant geopolitical shift, Saudi Arabia has decided to terminate its 50-year-old petrodoll...
Oil climbs on optimistic demand growth estimates for 2024
Elsewhere, Russia pledged to meet its output obligations under the OPEC+ pact after saying it exceed...
ONGC, Oil India Ltd to gain as Govt cuts windfall tax on crude oil
The windfall tax was also extended to exports of petrol, diesel and aviation fuel after private refi...
China's refinery output at 6-month low as weak fuel demand hurts
During January and May, Chinese gasoline demand dropped nearly 2% year-on-year with diesel down 14%,...
Metal commodities likely to remain soft going forward: Deven Choksey
"So, to a greater extent, the crude as a territory and metal along with particularly, they are likel...
India imports USD 2.8 bn of Russian crude in July
China bought 47% of Russia's crude exports, followed by India (37%), the EU (7%), and Turkey (6%), t...
