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Latest Articles in crude oil
Wholesale Inflation Likely To Revert To YoY Inflation In September: Icra
WPI deflation narrowed to a marginal 0.5 per cent in August 2023 from 1.4 per cent in in July 2023, led by fuel items and minerals
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Saudi Aramco Considers Selling $50 Bn In Shares: Report
The Kingdom has decided to host any new Aramco offering on the Riyadh exchange to avoid legal risks associated with an international listing, the report said, citing Saudi officials and other people familiar with the plan
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India Eliminates Windfall Tax On Petroleum Crude
The windfall tax on aviation turbine fuel will increase to Rs 4 per litre from Rs 2, while the levy on petrol will remain at zero, according to the notification
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Oil Prices Rise For Fourth Week In Row As Supply Becomes Scarce
Brent crude futures rose USD 1.43 or 1.8 per cent, to settle at USD 81.07 a barrel, with a weekly gain of about 1.2 per cent and US West Texas Intermediate crude ended USD 1.42 or 1.9 per cent, higher at USD 77.07 a barrel, its highest since 25 April
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Oil Price Drops More Than 1% Amid Concerns Over China's Economic Growth
Brent crude was down 78 cents or 1 per cent to trade at USD 75.83 a barrel by 06:55 GMT, after falling as much as USD1.27 to USD 75.34
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Windfall Taxes Contributes To 35,000 Cr In FY23
Considering the sharp fall in global crude prices, not much revenue is expected from this impost
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Govt Cuts Crude Oil Windfall Tax To Zero
The government left the windfall tax on petrol, diesel and aviation turbine fuel at zero
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Government Cuts Windfall Tax on Crude Oil To Zero, Diesel Halved
The government intends to withdraw the windfall tax once global crude oil prices fall firmly below USD 70/barrel
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Centre Cuts Windfall Tax On Domestic Crude Oil, Marginally Hikes Diesel Exports
The tax was earlier levied at 4,400 per tonne. It also marginally hiked the tax on diesel meant for exports to `1 per litre from 0.5 per litre earlier while continuing the exemption on aviation turbine fuel and petrol exports
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Digant Sharma, CMD Of Francture Brands Has Done Sole-Tie-Up With Renowned Russian Refinery For Crude Oil, LPG, LNG, Diesel And More
As per the data in January, Iraq was India’s second-biggest source of crude with an average supply volume of 0.92 million barrels per day
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Exports Falls By 6.58% In Jan, Trade Deficit At $17.75 Bn
Engineering goods, iron ore, plastic and linoleum, and gems and jewellery were among the export sectors that experienced negative growth during the fiscal year's first ten months
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Hindustan Petroleum To Expand Vizag Oil Refinery By June
Hindustan Petroleum is also expanding its 8.33 million tonne per annum (MTPA) refinery and building a new one at Barmer in Rajasthan which will help to reduce the gap while producing and selling the fuel
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Guyana Likely To Expect Proposal For Long-term Crude Oil Purchases From India
Previously, in 2021, India and Guyana were not able to reach an agreement to decide on the direct sales of Guyana's sweet crude to Indian refiners
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Centre Slashes Windfall Tax On Crude Oil As Prices Slip Globally
The India government has cut the windfall tax on locally sourced crude oil to Rs 1,900 per tonne
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Govt Raises Windfall Tax On Crude, Diesel And Aviation Turbine Fuel
The windfall tax on crude oil was raised to Rs 2,100 (USD 25.38) per tonne from Rs 1,700 (USD 20.55) which will be effective from Tuesday
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