Page 3 of crude

petroleum, crude oil, windfall tax, taxes, diesel

Government hikes windfall tax on petroleum crude

The Centre also cut the windfall tax on diesel to zero from 1.50 per litre effective March 1, the order…

February 29, 2024 23:42 IST

Crude oil prices fall on sticky inflation, bigger-than-expected US crude stock build

Brent futures fell 29 cents, or 0.4%, to $82.48 when the market opened at 0000 GMT. U.S. West Texas Intermediate…

Updated: February 14, 2024 09:13 IST

Crude Oil at Crossroads: Israel-Hamas conflict, inventory buildup to influence future direction

Demand side from the US is getting weaker looking at gasoline inventories and high prices. The summer driving season is…

Updated: October 16, 2023 11:43 IST

Crude oil ends lower after seven weeks of positive undertone; might see further technical corrections

The US oil benchmark is down nearly 4% so far last week, snapping seven straight weeks of gains. Investors have…

August 21, 2023 07:58 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

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 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

Aramco to supply full volumes to Asia despite OPEC+ oil cuts: Sources

The steady supply comes even as the Organization of the Petroleum Exporting Countries (OPEC) and allies, known as OPEC+, surprisingly…

Updated: April 10, 2023 08:42 IST

NSE to allow WTI crude oil, natural gas trading in rupees, signs pact with CME

The NYMEX WTI Crude Oil and Natural Gas (Henry Hub) contracts are amongst the world’s most traded commodity derivatives contracts.

February 15, 2023 14:20 IST

Crude to trade sideways as Saudi Arabia raises prices; wait for range-bound activity to end before commencing medium positions

The rally happened as China opened its borders and IEA as well as OPEC+ in January report stated that global…

Updated: February 13, 2023 08:57 IST

Crude oil prices slide; Go long around Rs 6000/bbl with upside target of Rs 6500/bbl

Global oil demand is set to rise by 1.9 million bpd in 2023, to a record 101.7 million bpd, with…

Updated: February 5, 2023 09:46 IST

Crude oil price likely to test $100/bbl in 2023; go long around Rs 6800/bbl with upside target of Rs 7100/bbl

Crude prices average likely to top the previous high of 100.6 mb/d set in 2019. However, prices may not sustain…

January 28, 2023 09:33 IST

Crude price may hit $100/bbl, no major correction expected; Use dip around Rs 6500/bbl to go long

Crude has resistance around 6700 as previous peak was around that level before correcting till 6000. Any dip around 6500…

January 21, 2023 10:31 IST

Crude oil price likely to test $100/bbl in 2023; go long around Rs 6250/bbl with upside target of Rs 6500/bbl

Crude oil price is expected to test $100 in 2023 and could touch as high as $90 on the back…

January 15, 2023 10:36 IST

Oil market bearish, OPEC, Russia production to fall; traders await cues from US Fed

Russia’s crude production is set to fall sharply in the coming year, noting that the key unknown is whether Russia…

Updated: December 11, 2022 12:42 IST

OIl, Russia, India, Oil supply, Crude OIl, Crude, Ukraine, Oil MInister, Oil Import, Economy

Russia becomes India’s top crude oil supplier in October

Russia supplied 935,556 barrels per day (bpd) of crude oil to India in October — the highest ever.

November 6, 2022 16:25 IST

Windfall tax cut on crude oil; levy on diesel, ATF export hiked in eighth fortnightly review

The government on Tuesday cut windfall tax on the export of locally produced crude oil to Rs 9,500 per tonne…

November 2, 2022 08:29 IST

MCX Crude oil November futures may trade in Rs 6750-7600/bbl range this week; US Fed meet eyed

Oil looks bullish on a positional basis and that might put a floor under prices, thus we don’t expect the…

Updated: November 1, 2022 12:44 IST

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What’s next for HAL? 3 growth levers, 1 big concern – A deep dive

Business20 min ago

HAL, India’s top defence aircraft manufacturer, has a robust order book and is a crucial player in the country’s growing defence aviation industry. The recent crash of its Tejas Mk1 at the Dubai Air Show caused concerns, but Elara Capital assures minimal financial impact. Delivery of 83+97 orders for LCA Tejas Mk1A is unaffected. Fighter jet crashes are common globally, with over 100 incidents.

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