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Oil News

04 Nov 2024

Oil Prices May Spike Only if Middle-East Conflict Escalates: Report

Middle-East Conflict: Crude prices are weak as fundamental factors do not support higher oil prices and there has not been any major attacks on the oilfields in Iran.

30 Sep 2024

Myntra Big Fashion Festival: Offers On Parachute Hair Oils

The Myntra Big Fashion Festival offers a variety of Parachute hair oils for hair care. From promoting growth to reducing hair fall, Parachute has something for everyone. Enjoy these deals and revitalize your hair.

09 Sep 2024

Massive Oil, Gas Reserves Found In Pakistan; Can It Change Pak's Destiny?

The geographic survey has allowed Pakistan to identify the location of the deposits, and the relevant departments have informed the government of the resources found in Pakistani waters.

23 Jul 2024

Infection To Bad Odor: The Benefits Of Rubbing Garlic Oil On Your Feet

A few days ago, actress Priyanka Chopra shared a picture which became a topic of discussion among people. In this, she was applying garlic on her feet. After this, people were very curious to know whether rubbing garlic on feet is really beneficial. Let's know the benefits of applying garlic on feet.

09 Jan 2024

With First Oil Discovery, India's Close To Atmanirbhar Bharat In Energy Sector

The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'.

13 Mar 2023

Iran says oil exports reach highest level since US reimposed sanction in 2018

The Iranian oil Minister claimed that the country`s gas exports have witnessed a year-on-year rise of 15 per cent in the current Iranian calendar year, noting that Iran has raked in $6.5 billion from its liquefied petroleum gas exports since March 2022.

russia oil supply to india

07 Nov 2022

Baat Pate Ki: India increases oil imports from Russia

Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.

03 Aug 2022

Gov cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil

The tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.

20 Jul 2022

Govt slashes windfall tax on fuel export, domestic crude oil

While the Rs 6 a litre export duty on petrol was scrapped, the tax on the export of diesel and jet fuel (ATF) was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively, government notifications showed.

12 Jul 2022

How will import duty cut on 2edible oil varieties help boost supply? Govt asks

According to official sources, Food Secretary Sudhanshu Pandey has written to the Solvent Extractors Association of India (SEA), Indian Vegetable Oil Producers Association (IVPA) and Soybean Processors Association of India (SOPA) in this regard.

05 Jul 2022

New taxes to hurt disinvestment plans, corporate profits, investment climate

In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures are for a short term and do not extend to other sectors.

04 Jul 2022

Govt to review oil export, windfall tax based on forex rate

Revenue Secretary Tarun Bajaj said the USD 40 per barrel level of oil prices being talked about for a rollback of the levy is unrealistic, considering the international oil rates currently.

30 Apr 2022

DNA: Why is there a crisis of edible oil in the world?

There is a serious crisis of edible oil all over the world. This simply means that there may be a shortage of edible oil coming to your house in the next few days.

17 Apr 2022

Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report

The halt has led to a hike in CNG and piped cooking gas prices to record levels. Current supplies have been maintained at March 2021 demand level, report said.

08 Mar 2022

DNA: US, UK bans Russian oil and gas import

In the midst of the Ukraine war, the US and Britain have decided to impose tough sanctions against Russia. But Putin has warned that if this happens, he will stop the supply of crude oil in the international market.

02 Mar 2022

Petrol, diesel price hikes could restart from next week, says JP Morgan report

Retail price could increase by Rs 9 a litre or 10 per cent. Russian supplies account for a very small percentage.

01 Mar 2022

Oil prices soar as Ukraine conflict stokes supply concerns

The benchmark touched a seven-year high of $105.79 after the invasion began last week. U.S. West Texas Intermediate (WTI) April crude futures were up $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53. Russia said on Tuesday its forces had cut off the Ukrainian military from the Sea of Azov north of the Black Sea.

22 Feb 2022

Oil hits highest since 2014 on Russia-Ukraine escalation

Brent crude, the global benchmark, was up $1.93, or 2%, at $97.32 by 1448 GMT. The Ukraine crisis has added further support to an oil market that has surged on tight supplies as demand recovers from the COVID-19 pandemic. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, have resisted calls to boost supply more rapidly.

Oil India recruitment

20 Feb 2022

Oil India Recruitment 2022: Apply for Grade 3, 5 posts, check salary here

The recruitment drive will fill 62 vacancies. Last day to apply is Feb 25.

15 Feb 2022

Oil slumps from 7-year high as Russia says withdraws some troops

It was not clear how many units were being withdrawn, and by what distance, after a build-up of an estimated 130,000 Russian troops. British Prime Minister Boris Johnson and U.S. President Joe Biden had agreed in a call on Monday there was a crucial window for diplomacy.

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