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Latest Articles in crude oil

Crude Oil Futures Rise On Spot Demand

Crude oil for May delivery traded higher by Rs 35, or 0.73 per cent, at Rs 4,801 per barrel in 7,539 lots.

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Crude Oil Futures Drop On Low Demand

Crude oil for May delivery eased by Rs 5, or 0.11 per cent, to Rs 4,733 per barrel with a business volume of 4,982 lots.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 9, or 0.19 per cent, at Rs 4,761 per barrel in 5,520 lots.

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WPI Inflation Spikes To Over 8-Year High Of 7.39% In March

The low base of March last year, when the data was computed with a low response rate due to the nationwide lockdown, contributed to a spike in inflation in March 2021.

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India's Palm Oil Imports Rise 56.50 Pc In March

The country's total vegetable oil imports rose marginally to 9,80,243 tonne in March 2021, compared to 9,55,422 tonne in the year-ago period.

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High Pressure Performance

Operational revenues for FY20 stood at Rs 96,213.6 crore while profit after tax (PAT) was Rs 13,444.5 crore. ONGC realised $58.61/bbl for domestic crude in FY’20 compared to $68.19/bbl in FY19.

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Crude Oil Futures Dip On Weak Spot Demand

Crude oil for April delivery dropped by Rs 5, or 0.11 per cent, to Rs 4,429 per barrel with a business volume of 5,445 lots.

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India To Resume Buying Oil From Iran Once US Sanctions Ease

Iraq was India's biggest oil supplier, followed by Saudi Arabia and the UAE. Nigeria was fourth-largest supplier and the US was the fifth.

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Crude Oil Futures Drop On Low Demand

Crude oil for April delivery eased by Rs 35, or 0.79 per cent, to Rs 4,409 per barrel with a business volume of 5,938 lots.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 63, or 1.44 per cent, at Rs 4,430 per barrel in 5,051 lots.

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India To Buy One-Third Less Oil From Saudi Arabia

Crude oil imports from OPEC countries decreased to 74.4 per cent of total imports during April 2020 to February 2021 as compared to 79.6 per cent in the same period of the previous year.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 79, or 1.85 per cent, at Rs 4,360 per barrel in 5248 lots.

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India Asks State Refiners To Review Oil Import Contracts With Saudi

India imports 85 per cent of its oil needs and is often vulnerable to global supply and price shocks. When oil prices started to rise in February, it wanted Saudi Arabia to relax output controls but the Kindgom ignored its calls.

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Crude Oil Futures Rise On Spot Demand

On the Multi Commodity Exchange, crude oil for April delivery traded higher by Rs 22, or 0.5 per cent, at Rs 4,406 per barrel in 5016 lots.

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First Guyanese Crude Cargo To India On Its Way To Mundra Port: Data

India has asked refiners to speed up the diversification of imports to cut their dependence on Middle Eastern crudes after OPEC+ decided this month to extend production cuts through April

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