crude oil

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    Venezuela Oil Imports Boost Refining Margins for Indian Firms

    New Delhi, February 13 Mukesh Ambani's Reliance Industries Limited, a billionaire, has received a US general license to directly purchase Venezuelan crude oil, enabling India's largest private refiner to resume importing discounted heavy feedstock that aligns with its Jamnagar refinery...
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    Crude Oil Futures Drop: Concerns Over Oversupply and Weak Spot Market

    New Delhi, February 13 Crude oil prices saw a marginal decline of Rs 2 to Rs 5,699 per barrel in futures trading on Friday, as weak global trends and concerns about oversupply weighed on prices.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 2, or 0.04 per...
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    Crude Oil Futures Trading: Weak Spot Demand Drives Price Decrease

    New Delhi, February 12 Crude oil prices edged lower by Rs 14 to Rs 5,893 per barrel in futures trading on Thursday, despite firm global trends, as participants capped gains through profit-taking.On the Multi Commodity Exchange, crude oil futures for March delivery slipped by Rs 14, or 0.24...
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    Geopolitical Uncertainty Drives Crude Oil Price Increase

    New Delhi, February 11 Crude oil prices edged up by Rs 44 to Rs 5,844 per barrel in futures trading on Wednesday, tracking gains in global benchmarks amid escalating geopolitical tensions between the US and Iran, which raised concerns about potential supply disruptions.On the Multi Commodity...
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    India's Rupee Falls as Trade Deal Details Emerge

    Mumbai, February 11 The rupee depreciated by 6 paise to 90.62 against the US dollar in early trading on Wednesday, as geopolitical tensions and demand for the dollar from importers weighed on investor sentiment.At the interbank foreign exchange market, the rupee opened at 90.56 against the US...
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    Crude Oil Futures Trade Lower on Weak Global Demand

    New Delhi, February 10 Crude oil prices fell by Rs 45 to Rs 5,825 per barrel in futures trading on Tuesday, amid weak global trends, as concerns about oversupply weighed on prices.On the Multi Commodity Exchange, crude oil futures for March delivery declined by Rs 45, or 0.77 per cent, to Rs...
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    India Boosts Strategic Petroleum Reserve to Meet Global Turbulence

    New Delhi, February 9 India's strategic petroleum reserve can last 74 days to meet the demand arising out of any global turbulence, Oil Minister Hardeep Singh Puri informed the Rajya Sabha on Monday.Responding to supplementary questions during Question Hour, the minister said that for a...
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