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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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1 min read

Russia's oil revenue plummeted 29% in October amid volatile global crude prices

One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% …

Jennifer Sor   


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2 mins read

Rupee falls 12 paise to 83.56 against US dollar in early trade

The rupee depreciated 12 paise to 83.56 against the US dollar in early trade on Tuesday, weighed do…

PTI   


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2 mins read

India's oil, gas exploration offers USD 100 billion opportunity: Oil Minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri on Thursday called for stepping up oil and gas hunt to cut India's …

PTI   


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4 mins read

Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…

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2 mins read

Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL

India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…

ANI   


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2 mins read

India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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3 mins read

India's oil import bill could swell to $101-104 billion in FY25: ICRA

As per ICRA's calculations, a $10/barrel uptick in the average crude oil price for this fis…

PTI   


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3 mins read

Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.

ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…

Catherine Boudreau,Jacob Zink…   


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2 mins read

RBI sees price of India's crude oil imports at $85 a barrel in FY25

The RBI expects the price of the Indian basket of crude oil imports to be around $85 per barrel goi…

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2 mins read

Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The European Commission's president said the European Union could boost US liquified natural gas pu…

Huileng Tan   


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1 min read

India's trade deficit shoots up in October due to spike in oil prices

India's merchandise trade deficit in October stood at $31.46 billion as the country's imports shot …

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2 mins read

Rupee trades in narrow range against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.50, and touched 83.49 in …

PTI   


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2 mins read

Rupee turns flat at 83.43 against US dollar in early trade

At the interbank foreign exchange, the domestic unit opened strong at 83.41 but later slipped t…

PTI   


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4 mins read

2 of the world's biggest oil producers are looking for new ways to power their economies

The US has witnessed a massive rise in oil production over the last 15 years amid the shale boom.

Huileng Tan   


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3 mins read

India imports $12.4 billion worth of crude from Russia but discounts are waning

India has been enjoying the discounted crude oil from Russia for over a year now. But the discount …

Business Insider Latest Story Image
1 min read

Winter winds are freezing Russia's crude oil shipments to China

Icy winds and freezing temperatures disrupted Russian oil flows from a key Pacific port, bringing a…

Aruni Soni   


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3 mins read

JD Vance says pumping more oil will make housing cheaper. Economists say that's a stretch.

Economists say when it comes to home building, looser rules, cheaper building materials, and more w…

Eliza Relman   


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3 mins read

India's Russian oil imports now double of Iraq

​​India's imports of crude oil from Russia touched a new high of 1.64 million barrels per day in Ma…

PTI   


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2 mins read

India's vegetable oils import up 16% in 2022-23 oil year

India's vegetable oils import rose 16% to 167.1 lakh tonnes in the current oil year that ended in O…

PTI