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Latest Articles in crude oil

IOC Buys New US Crude Grades For December Delivery: Sources

IOC bought 1 million barrels each of US Southern Green Canyon (SGC) and WTI Midland crude likely from a Chinese trader, the people said, speaking on condition of anonymity

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Crude Oil Opens New Vistas In India-US Relationship

With this India, the world's third-largest oil importer, joins Asian countries like South Korea, Japan and China to buy American crude

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GAIL Seeks Reworking Of US LNG Price Deal

GAIL, India's biggest gas transporter, has deals to buy 5.8 million tonnes of US LNG per annum for 20 years

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Core Industries’ Output Marginally Rises 0.4% In June 2017

Coal production declined by 6.7 per cent in June 2017 over June 2016. Its cumulative index declined by 4.4 per cent during April to June, 2017-18

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Private Players, Joint Ventures Post 10.67% Decline In Natural Gas For June

Cumulative natural gas production during the April-June period rose 4.04 per cent to 8,057.72 mmscm year-on-year

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India Buys First Ever US Crude Oil, To Step Up Purchases

The purchase comes after Indian Prime Minister Narendra Modi's visit to the US in June when President Donald Trump said his country looked forward to exporting more energy products to India.

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India’s Core Industries Output Up 3.6% In May 2017

The eight core industries comprise 40.27 per cent of the weight of items included in IIP. The industries are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.

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India's Largest Refiner IOC Setting Up Singapore Oil Unit

The state-run company is part of a growing group of refiners in Asia that have set up offices in Singapore's oil hub to keep closer tabs on the market and react more quickly to changes.

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There May Be Initial Problems During GST Rollout: Arun Jaitley

Finance Minister Arun Jaitley today said people may have to face some difficulty initially as the GST is rolled out but in the long run the new indirect tax regime would help cut tax evasion and check price rise

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India’s Crude Oil, Natural Gas Production Falls Behind Target In May

Overall, the cumulative crude oil production during April-May, 2017 was 6038.33 TMT which is 1.16 percent lower than target for the period but 0.07 per cent higher than production during corresponding period of last year.

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Global Methanol Demand Likely To Surpass 95MMT By 2021: IHS Markit

By 2021, IHS Markit said Northeast Asia (dominated by China), will account for nearly 70 per cent of global methanol demand, followed by North America at 9 per cent and Western Europe at 8 per cent.

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Asian Gasoline Overtakes Jet Fuel, Diesel As Supply Shrinks

"We expect Asian demand (gasoline) growth to continue with higher grades of motorisation, in particular in key countries such as China and India, while refineries will struggle to cope with the demand growth."

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Three Years Of Modi Govt: Crude Challenges

Several announcements including consolidation have brought some cheer to the sector. It’s time to execute these goals now

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ONGC Eyes 17 Per Cent Jump In Crude Output, 66 Per Cent In Gas By 2022

State-owned ONGC has projected 17 per cent rise in its crude oil production and 66 per cent in natural gas by March 2022 as it looks to boost domestic output to help achieve the government target of 10 per cent reduction in import of these items

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Petroleum Minister Dharmendra Pradhan Says Efforts On To Reduce Crude Oil Imports

Steps are being taken to enhance oil and gas production to reduce crude oil imports, which has accounted for 82 per cent of the total domestic consumption this fiscal, the government said on Monday

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