crude oil

New Delhi, April 3 Top government officials, including the Secretary of the Department for Promotion of Industry and Internal Trade, the Power Secretary, and the Director General of Foreign Trade (DGFT), held a meeting on Friday to discuss ways to increase domestic production of induction...

April 03, New Delhi – The increase in oil prices is having a significant impact on global financial markets, with crude oil futures rising by over 60 percent since the start of the Iran war.At the same time, stock markets around the world have declined. In the United States, the S&P 500 has...

The Centre has requested the states and union territories to take necessary measures to curb practices such as hoarding and black marketing of LPG and other petroleum products. Secretary, Ministry of Petroleum and Natural Gas, Dr. Neeraj Mittal, has written a letter to all states and union...

Mumbai, April 2 The rupee logged one of its steepest single-day gains in many years and closed 152 paise higher at 93.18 against the US dollar on Thursday after the Reserve Bank stepped in with a slew of measures to restrict banks from onshore forward markets.The domestic unit, however...

New Delhi, April 2 – The Ministry of External Affairs (MEA) said on Thursday that six Indian ships carrying products such as LPG and LNG have safely crossed the Strait of Hormuz so far, as New Delhi remains in contact with Iran and other countries to ensure the safe transit of Indian ships amid...

New Delhi, April 2 The government has announced measures to help exporters mitigate the impact of the West Asia crisis, and more decisions are being considered, Commerce and Industry Minister Piyush Goyal said on Thursday.The US-Israel attack launched on Iran in February has disrupted shipping...

New Delhi, April 2 The reimposed windfall export taxes on diesel and aviation turbine fuel (ATF) will not apply to Reliance Industries Ltd's SEZ refinery due to court rulings, a senior official said on Thursday.Effective from March 26, the government revised fuel levies, reintroducing export...

New Delhi, April 2 Crude oil prices rose by ₹689 to ₹9,228 per barrel in futures trading on Thursday, as the escalating conflict in West Asia is causing severe disruptions in energy supply.On the Multi Commodity Exchange, crude oil for May delivery traded higher by ₹689, or 8.07%, at ₹9,228...

Mumbai, April 2 The rupee recovered 151 paise from its record low level to trade at 93.19 against the US dollar in early deals on Thursday, supported by the Reserve Bank's move to restrict banks' net open position in the onshore forward delivery market.However, the domestic unit faced pressure...

Mangaluru (Karnataka), April 1 Two more large crude oil tankers have docked at the New Mangalore Port, further increasing the recent supply of crude oil for Mangalore Refinery and Petrochemicals Limited.According to port authorities, the vessel 'Sunrise Way' arrived on Monday carrying 88,152...

Dhaka, April 1 On Wednesday, Iran said that its Security Council has approved safe passage for six Bangladeshi fuel-carrying ships waiting to cross the Strait of Hormuz amid continued war in West Asia.As Bangladesh continues to rely heavily on imported fuel due to dwindling petroleum reserves...

New Delhi, April 1 Crude oil prices fell by more than 3 percent to Rs 9,265 per barrel in futures trading on Wednesday as investors booked profits after US President Donald Trump said the military could end its offensive against Iran in two to three weeks.On the Multi Commodity Exchange (MCX)...

April 1, New Delhi: Oil prices edged up in early Wednesday trading, with Brent front-month futures extending a record rally from March, as volatility in the Middle East kept markets on edge, despite reports that the U.S. and Iran may be nearing a negotiated end to the conflict.Brent crude...

Mumbai, April 1 The rupee gained 15 paise to 94.70 against the US dollar in early trade on Wednesday, tracking positive cues from domestic equity markets and the retreat of the US dollar overseas.However, the local currency remained under pressure due to higher crude oil prices and sustained...

March 31, New Delhi – The Iranian parliamentary commission has approved plans to impose tolls on vessels transiting the Strait of Hormuz.According to state media, the proposal includes financial arrangements in local currency, cooperation with Oman, and also includes the "prohibition of...

New Delhi, March 31 India's first shipment of Iranian crude oil since 2019 may be heading towards a port in Gujarat, according to ship tracking data.Indian refiners have been looking to purchase a few cargoes of Iranian oil following the recent sanctions waiver by Washington."The...

New Delhi, March 31 India's real GDP growth for the next fiscal could decline by around 1 percentage point, while retail inflation could rise by about 1.5 percentage points from their baseline estimates if the Middle East conflict persists through the next fiscal, an EY report said.The EY...

New Delhi, March 30 ICRA said on Monday that it estimates India's GDP growth to moderate to 6.5 per cent in 2026-27, from 7.6 per cent in the current fiscal year, due to the adverse impact of high energy prices and concerns about energy availability amid the West Asia conflict.The growth...

March 30, New Delhi – A Russian oil tanker, subject to US sanctions, is expected to arrive in Cuba by Tuesday, despite an effective American blockade of fuel supplies to the energy-deprived island.The Anatoly Kolodkin, carrying 730,000 barrels of crude oil, was located off the eastern coast of...

New Delhi, March 30 Crude oil prices rose by Rs 159 to Rs 9,554 per barrel in futures trading on Monday, as the escalating conflict in West Asia is causing severe disruptions in energy supply.On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 159, or 1.69%, at Rs...