CRUDE OIL

Saudi Aramco Offers to Increase Oil Supply to India

The world's largest oil company Aramco will provide additional crude oil to domestic oil refiners to meet shortages arising from the US decision to lift Iran sanction waivers from major oil importing countries, including India.

Petrol, Diesel Prices Upswing Likely as India Ends Crude Oil Import From Iran Tomorrow

Experts, however, are of the view that the ruling dispensation may halt the fuel hike till May 19, when the final phase of polls are to be held.

Infra Sector Growth Improves to 4.7 per Cent in March 2019 Against 4.5 per Cent Last Year

Coal generation growth was flat at 9.1 pet cent in March 2019. Natural gas, refinery products, fertiliser, steel and cement sectors recorded positive growth rates.

Crude Oil Bath Can ‘Cure’ Diseases Claims Azerbaijan Doc; But Here’s Why Exposure to the 'Black Gold' is Dangerous for Health!

In Azerbaijan taking a dip in heated crude oil is said to have numerous health benefits, which includes curing muscular, skin and bone conditions as well as gynaecological problems.

Lok Sabha Elections 2019: Polls May Have Forced Oil Companies to Bear Losses

The state-run oil marketing companies will also jump to balance their books. Indications are that these companies might be keeping the prices artificially low at the behest of the government so as to prevent consumer outrage.

US President Donald Trump Pressurises OPEC to Boost Output to Cool Oil Prices

OPEC in December reached a deal to with Russia and some other producers to limit output to shore up prices.

Trump Effect: Oil Prices Plunge 2 Per Cent After US President Tells OPEC 'Prices Are Too High'

The oil producing nations were asked by Trump to 'relax', and not to add further stress on a struggling global economy by increasing the fuel prices.

Sensex Falls over 150 Pts Ahead of Key Macro Data Release

The BSE benchmark Sensex Monday dropped over 150 points tracking weakness in other Asian markets amid heavy selling by foreign investors.

Crude Oil Drops Below $50 Per Barrel – First Time Since June 2017: Petrol, Diesel Prices to Fall Further, Inflation to Remain Under Control

Crude oil is currently hovering around $50, losing its value by nearly 42 per cent since October 3 this year.

Petrol Will Cost Only Rs 34 Per Litre, Diesel Rs 39 Per Litre Without Tax, Dealer Commission; Check Which Taxes Make Fuel So Expensive

The government on Thursday told parliament that the price of one-litre diesel would be Rs 38.67 and Petrol Rs 34.04 per litre without taxes and dealer's commission in the national capital.

PM Modi 'Vocal' About India's Concern, OPEC to Consider His Views Seriously: Saudi Oil Minister

Modi, along with US President Donald Trump, have been 'very vocal' on the issues which consumers of their respective nations would face if the oil producing nations fail to stabilise the crude rates, he said.

Qatar Announces Withdrawal from OPEC group Effective January 2019

The gulf nation of Qatar has announced that it is withdrawing its membership from the Organization of the Petroleum Exporting Countries (OPEC). The withdrawal will be effective come January 2019.

Sensex Falls Over 200 Points in Early Trade on Weak Global Cues

Shares of aviation and oil marketing companies surged due to sharp drop of nearly 7 per cent in global crude oil prices.

Haiti Corruption Protests: 6 Killed, 5 Injured as Anti-Graft Agitation Turns Violent

A Haitian Senate investigation has alleged embezzlement by at least 14 former officials in former President Michel Martelly's administration, but no one has been charged.

Fuel Prices Continue Downward Trend, In Delhi Now Petrol costs Rs 76.71 and Diesel costs Rs 71.56

The United States recently softened its stand on Iran's sanctions and gave its nod to eight countries to continue importing oil from Iran temporarily.

Fuel Prices on Falling Spree: Consumers Sigh Relief As Petrol Price Cut by Over Rs 4 and Diesel by Rs 2.33 in Last 18 Days

Between August 16 and October 4, petrol price was hiked by Rs 6.86 per litre and diesel by Rs 6.73. On that day, the government decided to cut excise duty on petrol and diesel by Rs 1.50 per litre each.

Oil Market on Alert as US Sanctions Against Iran Oil Importers Hit

Going after Iran's oil money will hit Tehran where it hurts, but it also means hitting a major pillar of the global oil market -- Iran is the OPEC cartel's third-largest producer.

Sensex, Nifty Rebound on Positive Global Cues, Lower Crude Oil Prices

A recovery in the global markets coupled with a decline in the crude oil prices aided the domestic markets to trade in the positive during the afternoon session of the trade on Wednesday.