Page 20 of Crude oil

Crude oil prices extend gains on US plans to refill reserve, Canada’s wildfires

Brent crude futures rose 31 cents, or 0.4%, to $75.54 a barrel by 0043 GMT, while U.S. West Texas Intermediate…

Updated: May 16, 2023 08:35 IST

Centre slashes windfall tax for domestic crude oil to zero; no duty on export of diesel, petrol, ATF

The government on Tuesday revised the windfall gains tax on domestically produced crude oil, slashing it to zero from Rs…

May 16, 2023 06:57 IST

Commodities see sharp selloff, zinc, silver, copper tumble; further correction expected in gold prices

Last week, commodities saw a sharp selloff. Silver was the top loser, while zinc and copper followed. However, gold managed…

May 15, 2023 10:20 IST

Crude oil price falls as economic concerns offset prospect of tighter supplies

Brent crude futures fell 43 cents, or 0.6%, to $73.74 a barrel by 0130 GMT while U.S. West Texas Intermediate…

Updated: May 15, 2023 09:13 IST

Crude oil prices correcting on recession fears; wait for bottom around Rs 5600/bbl before taking fresh positions

Crude oil prices are correcting on recession-based fears. The recent rally of about 6-85 was expected based on past trends,…

May 14, 2023 09:34 IST

LNG, supply deals, Indian Oil Corp, GAIL India, Petronet LNG, LNG imports, price increase, export

Crude oil prices recover on short-covering, U.S. debt ceiling fears weigh

Brent crude futures rose by 36 cents, or 0.5%, to $75.34 a barrel by 0051 GMT. U.S. crude futures gained…

May 12, 2023 10:38 IST

Crude oil prices climb on positive US fuel demand data

Brent crude futures rose by 56 cents, or 0.7%, to $76.97 a barrel by 0330 GMT, while U.S. crude futures…

Updated: May 11, 2023 09:54 IST

Crude oil prices edge lower after surprise build in US crude, gasoline stockpiles

Brent crude dropped 16 cents to $77.28 a barrel at 0008 GMT, while U.S. West Texas Intermediate (WTI) crude dipped…

Updated: May 10, 2023 07:38 IST

Crude oil prices dip in cautious trade ahead of US inflation data

Brent crude price was down 31 cents, or 0.4%, at $76.70 and U.S. West Texas Intermediate (WTI) crude lost 23…

Updated: May 9, 2023 07:36 IST

No further rise seen in Russia’s share in India’s crude imports

India, the third largest oil importer and a major growing economy, is a key market for the oil producing nations…

May 9, 2023 03:50 IST

Crude oil prices inch up as recession fears begin to fade

Brent crude futures were up 6 cents at $75.36 a barrel at 0022 GMT. U.S. West Texas Intermediate (WTI) crude…

Updated: May 8, 2023 07:28 IST

Crude oil prices slip, downtrend wipes April gains; traders should go long at Rs 6100/bbl

Crude oil prices tanked sharply last week. All the gains it amassed around 1st April when OPEC+ has unexpectedly decided…

May 7, 2023 13:25 IST

crude oil, crude oil import, oil demand,

India’s imports from OPEC at all-time low as Russian oil buy peaks

From a market share of less than 1 per cent in India’s import basket before the start of the Russia-Ukraine…

May 7, 2023 12:14 IST

Crude oil heads for third straight weekly loss as economic worries persist

Brent crude rose 14 cents, or 0.2%, to $72.64 a barrel at 0002 GMT, while U.S. West Texas Intermediate was…

Updated: May 5, 2023 07:23 IST

Indian Oil Rs 1000-crore plan to make green Jet fuel as global supplies run short

The plant, which will be built at Indian Oil’s Panipat refinery north of New Delhi and utilize alcohol-to-jet technology developed…

May 3, 2023 13:38 IST

Crude oil extends losses as investors brace for more rate hikes

Both benchmarks closed at their lowest since March 24 in the previous session, when they also recorded their biggest one-day…

Updated: May 3, 2023 07:31 IST

Windfall tax for domestic crude oil slashed to Rs 4,100 per tonne; no duty on export of diesel, petrol, ATF

The windfall gains tax on domestically produced crude oil has been slashed to the tune of Rs 4,100 per tonne…

May 2, 2023 07:51 IST

Crude oil falls as economic fears weigh against potential crude draw

Brent crude fell by 2 cents to $79.29 a barrel by 0021 GMT, while U.S. West Texas Intermediate (WTI) crude…

Updated: May 2, 2023 08:21 IST

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Steel, auto stumbling blocks in trade talks with EU

Policy47 min ago

India and the EU are making headway in their FTA discussions, with agriculture being a major area of progress. However, negotiations on automobiles, steel, and non-tariff barriers are moving slowly. Both sides hope to finalize the deal by the end of the year, but issues like safeguard duties and carbon taxes are creating obstacles.

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