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Latest Articles in crude oil

Petrol, Diesel Prices May Jump 5-8% Next Quarter On Opec Cuts

Oil cartel Opec's decision to cut production from next month may lead to a 5-8 per cent spike in retail prices of fuel over the next three-four months and massively boost the margins of state-run refiners, says a report

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Infrastructure Sector Growth Jumps To 6-month High Of 6.6% In October

Infrastructure sector recorded a growth rate of 6.6 per cent in October -- the highest in last six months -- on the back of impressive performance by steel and refinery products

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Fire At Reliance Jamnagar Refinery Out; Production Unaffected

The fire breaks out at the company's fluid catalytic cracking unit (FCCU), a gasoline-making unit, at the 660,000 barrels per day (bpd) refinery, which was under maintenance

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Oil Prices Edge Up On Anticipation Of OPEC-led Production Cut

The Energy Information Administration (EIA) is due to publish official US crude oil and refined product inventory data later on 23 November

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Infrastructure Sector Grows By 3.2% In August

Infrastructure sector recorded a growth rate of 3.2 per cent in August, up from 3 per cent in the previous month but same as that in year-ago period, amid weak performance of coal, crude oil and natural gas segments

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India Set To Buy Iran Oil For Emergency Reserves

India, seeking to hedge against energy security risks as it imports about 80 percent of its oil needs, is building emergency storage in vast underground caverns to hold a total of 36.87 million barrels of crude, enough to cover almost two weeks of demand

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Tired Of Cheap Oil, Saudis Eye Price Boost To Drive Aramco IPO

The change in tone comes as OPEC and other producers such as Russia may resume talks on stabilising output when they meet in Algeria later this month, after a similar effort to boost oil prices collapsed in April due to Saudi-Iranian tensions

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Gold Steady On Weaker Dollar As US Rate Hike Prospects Lose Steam

Oil prices edged up in early trading on Tuesday after US crude broke below $40 per barrel the previous session, but traders said fuel markets continued to be dogged by excess production

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Oil Falls On Glut Fears, But China Data Curbs Losses

While fears of a hard landing in China have eased, investors are concerned a further slowdown and any major fallout from Britain's decision to leave the EU earlier this month would leave the world even more vulnerable to the risk of a global recession

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Infra Sector Growth Slips To 5-month Low At 2.8% In May

Infrastructure sectors grew at five-month low rate of 2.8 per cent in May, slipping from a four-year high of 8.5 per cent in previous month, as oil and natural gas output contracted

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India To Remain The Third Largest Consumer Of Crude In The Next Decade: Ind-Ra

The growth in crude oil consumption in India has been driven by the strong demand for the end product in the country, with demand growing by 11.2 per cent in FY16 with a strong growth recorded by petrol, diesel, LPG, and Naptha sales at 14.3%, 7.5%, 8.8% and 22.5% respectively

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'Vadinar Oil Terminal' Best Performing Terminal In Kandla Port Trust

VOTL is an integrated oil terminal located in Vadinar, Gujarat with 58 million tonnes capacity and handles crude oil and petroleum products

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Oil Price Of Up To $60 Will Not Hurt Fiscal Maths, Says Jayant Sinha

Slump in oil price is one of the factors that has helped Indian economy notch up big gains by cutting its import bill and reining in inflation

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India's Iranian Oil Imports Dip In May As MRPL Shut Units

Indian refiners took about 379,200 barrels per day (bpd) of Iranian oil in May, down 13,700 bpd from the 392,900 bpd imported in April, according to preliminary tanker arrival data from trade sources

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Iran Ends Sanction-era Deal For Free Shipping Of Crude Oil To India

Iran, no longer under sanctions, has ended free shipping of crude oil to India and has terminated a three-year old system of getting paid for half of the oil dues in rupees

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