Page 5 of oil

Norway pledges continued fuel supply to US Navy despite private firm’s boycott

Norwegian Defence Minister Tore Sandvik confirmed on Sunday that American forces would receive the necessary logistical support from Norway

March 2, 2025 21:55 IST

Oil India, oil, economy, oil and gas sector, OALP, Open Acreage Licensing Policy, ONGC

Oil India to ramp up production with new blocks, seeks global tie-ups

In the current fiscal year 2024-25, Oil India is targeting to produce 3.8 million tonnes of oil equivalent crude oil…

February 26, 2025 19:58 IST

oil, economy, oil import, G7+ countries, EU, European Union, Centre for Research on Energy and Clean Air

India’s oil imports from Russia rise 8% to hit 49 billion euros

As per CREA’s data, 331 shipments arriving in India’s Sikka port averaged $90.8 per barrel from February to September 2024.

February 26, 2025 00:05 IST

Drone strike targets major oil pumping station, disrupting Kazakhstan’s Oil exports

The Kropotkin station plays a key role in the transportation of crude oil from Kazakhstan to global markets, as part…

February 19, 2025 19:33 IST

crude oil, oil, gas, natural gas, economy, India Energy Week, US energy, energy sector

Deal on oil & gas to boost India’s energy security, lower costs

India’s oil minister Hardeep Singh Puri during the India Energy Week also said that there has been a substantial progress…

February 15, 2025 01:00 IST

Cairn Oil and Gas, Vedanta Group, Industry, oil, Oilfields Regulation and Development Act, India Energy Week

Cairn to spend $4 billion in 3-4 years for upstream ventures

Other than its already producing blocks in Rajasthan, Gujarat, and Andhra Pradesh, the company will be focusing on the Northeast…

February 14, 2025 02:00 IST

economy, oil, refined oil, electric vehicles, EVs, Indradhanush Gas Grid, natural gas

India’s refined oil products demand to peak later than in other major economies

In 2024, the gas sector gained momentum, with consumption increasing by 10% and LNG imports rising by 25%.

February 10, 2025 01:00 IST

oil & gas sector, OPEC+, pricing power, non-OPEC oil supplies, demand, US tariff, Donald Trump, retail prices, oil production, crude oil, import, Russia-Ukraine conflict, OMCs

Puri sees chances of higher oil imports from the US

US domestic production is projected to increase next year, as part of the new drilled and completed wells coming online,…

January 21, 2025 18:38 IST

OMC, economy, Bharat Petroleum, Chennai Petroleum, Hindustan Petroleum, Indian Oil, MRPL

OMCs to register strong Q3FY25 on healthy marketing margins

For the public upstream sector, analysts expect crude oil realizations to remain stable from last year at $72.6 per barrel,…

January 21, 2025 03:00 IST

petroleum, industry, export, petroleum products, jet fuel, diesel, LPG, oil

Export of petroleum products up 3 per cent in December

The exports to the Middle East increased by 52% in December at 278,155 barrels per day compared to the previous…

January 8, 2025 03:00 IST

IOCL, Indian Oil Corporation, oil prices, oil sector, fourth quarter, revenue, EBITDA, profit, LPG subsidies, inventory gains, excise duty

OMCs may post subdued refining margins in FY26

The agency expects EBITDA for standalone petrochemical (petchem) players and petchem EBITDA for integrated refiners to improve in FY26 compared…

January 6, 2025 00:30 IST

This photo taken from a video released by the Russian Southern Transport Prosecutor's Office. (The Russian Southern Transport Prosecutor's Offiice via AP)

Storm causes Russian tanker to split, oil spill threatens Kerch Strait

The incident occurred in the Kerch Strait, a key maritime route that separates mainland Russia from Crimea, which Russia annexed…

December 15, 2024 23:10 IST

Oil, hydrocarbon, coal bed methane, oil shale, shale gas, oil supply, Commodities

More oil available, market situation to calm: Hardeep Singh Puri

On Thursday, Brent prices hovered around $72.5 per barrel on expectations of higher global production amid forecasts for weak demand…

November 14, 2024 23:37 IST

Russian oil finds its way to Europe via India; India now biggest exporter of fuel to EU

The EU/G7 countries in December 2022 introduced a price cap and an embargo on the imports of Russian crude oil…

Updated: November 10, 2024 16:30 IST

LNG, Petronet, India- US, US oil production, crude oil, US oil & gas, Indian workforce, Industry

India, US likely to bolster energy ties during Trump 2.0

India and the US under the presidency of Joe Biden have embarked on several energy deals strengthening their commitment towards…

November 8, 2024 03:15 IST

Edible oil prices seen to stay elevated

In the 2022-23 oil year, the import of edible oils rose 17% on year to a record 16.47 MT helped…

October 25, 2024 03:15 IST

Oil, Oil consumption, Economy, Oil demand, oil prices, petroleum, diesel

India’s oil demand to grow 4 per cent on year in October-December: S&P Global

The country’s consumption of petroleum products in the first half of the financial year 2024-25 rose by 3% to 117.7…

October 25, 2024 03:00 IST

Petroleum, Oil, Oil Prices, Cape of Good Hope, Export, Refined oil

Petroleum products exports flat in H1FY25

Analysts say that any further escalation of the conflict around the Middle East can impact Indian supplies of crude oil…

October 23, 2024 00:05 IST

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Gen Z vs Millennials: Who is better at spending money?

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Gen Z and Millennials are becoming more financially savvy and have significant spending power. While they may have different spending habits, both generations are using technology and flexible finance to afford luxury purchases and invest in experiences and necessities. As they shape the consumer market, it’s hard to determine who is better, but both are making informed decisions.

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