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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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ONGC declares highest ever standalone profit in FY24

The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oi…

ANI   


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Rupee falls 9 paise to 83.43 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.39 and lost further groun…

PTI   


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Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report

The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…

ANI   


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OPEC+ extends major oil production cuts until 2025 to stabilise market

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …

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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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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3 mins read

Capitalising on India's energy revolution: A guide for smart investors

Early investment in transformative trends often yields the highest returns, as seen with the rise o…

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1 min read

US crude-oil production will slow sharply from record heights over the next year, EIA says

US production won't reach December's record level until early 2025, the Energy Information Agency s…

Filip De Mott   


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3 mins read

India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA

India, the world's third biggest oil importer and consumer, will in the second half of the decade b…

PTI   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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1 min read

Oil prices spike on crude inventory update and Powell's rate-cut outlook

The Israel-Hamas war, Red Sea attacks, and the West's sanctions on Russia's oil trade have helped k…

Yuheng Zhan   


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OPEC+ output witnesses biggest drop in six months, falling short of agreed cuts

In January, OPEC+ crude output witnessed a decline of 340,000 b/d, attributed partly to voluntary c…

ANI   


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3 mins read

Crude oil market at the crossroads — S&P Global Commodity insights unveils in-depth 2024 energy outlook

According to S&P Global, against the backdrop of a turbulent global stage, characterized by economi…

ANI   


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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 …

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1 min read

Russia will reportedly ban gasoline exports for 6 months to offset 'excessive' demand for crude products

The ban is meant to address rising domestic demand, and comes ahead of the March presidential elect…

Yuheng Zhan   


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3 mins read

The oil industry's mega-merger spree and a US production boom point to strong crude demand for years to come

More consolidation of the oil industry appears inevitable, sources say, and $100 billion in deals p…

Phil Rosen   


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3 mins read

Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts

Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…

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1 min read

Putin backs OPEC production cuts but warns of losing oil-market share to the US

Putin backed the production cuts, but said the output is dropping "while it grows in other countrie…

Yuheng Zhan   


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4 mins read

India Inc might see margin squeeze with a crude shock at hand

Since the start of September, Brent crude has risen from $85 per barrel to $92 a barrel approximate…