Oil Prices In India

Little change in oil prices as markets weigh demand against US inventories

Global oil demand is expected to remain strong throughout January, fuelled by colder than normal winter conditions

Global oil prices would have soared if we hadn't imported from Russia: Puri

New Delhi has repeatedly defended its purchases from Russia as necessary to keep prices in check

Crude oil strategy today, Oct 29: Short the rally; WTI resistance at $70

Oil price today: Crude oil prices tumbled 6 per cent on Monday, with Brent settling under $72 and WTI at $67.38

Oil stocks surge as crude prices spike amid rising Middle-East tensions

Shares of Oil companies rallied over 3 per cent on Thursday as crude oil prices soared due to escalation of ongoing tensions in the Middle East region

How to trade WTI crude oil amid US recession, Iran-Israel war concerns?

Oil trading strategy, August 6, 2024: Oil prices are expected to remain subdued in short to medium term as demand has deteriorated sharply from Asia and, with the US on the verge of recession

KSRTC bus fare hike inevitable due to rise in oil prices: Chairman Srinivas

Srinivas also mentioned that a proposal for 40 new Volvo buses has been submitted to the government

Crude Oil, Natural Gas: Check key trading strategy, target price

Despite ongoing conflicts and lower demand growth expectations, oil prices remain steady

Oil prices edge lower on Israel-Gaza ceasefire talks after 6 months of war

Brent crude futures dropped 90 cents or 1%, to $90.27 a barrel by 1000 GMT. U.S. West Texas Intermediate crude was down 86 cents, or about 0.9%, at $86.05

India has no problem in making payment for Russian oil: Hardeep Puri

Puri, who is in charge of the Petroleum and Natural Gas Ministry, said India enjoys a buyers' position and foreign oil suppliers are making offers to its companies

Gold prices rise Rs 410, silver jumps Rs 1,700; oil dips below $82

The precious metal had closed at Rs 60,800 per 10 grams in the previous trade

India urges producers for 'sensitivity' as oil price near $90 per barrel

Union Minister Hardeep Singh Puri has long called for OPEC and its allies led by Russia, known as OPEC+, to consider how their policies affect oil-consuming countries

India Energy Week: PM Modi seeks more investments in oil & gas, refineries

Launches E20 fuel (petrol blended with 20% ethanol) two years before target

Podcast: Census delayed, milk prices, oil prices in 2023, network splicing

How will the delay in conducting a Census affect India? What's behind the rise in milk prices across the country? What will guide oil prices in 2023? What is network slicing?

OPEC+ cuts oil output, gas prices soar: What's next for investors?

OPEC+ meeting: While analysts said the current output cut is insignificant to move the needle on oil prices, they cautioned that more output cuts may push oil prices higher, impacting India

Fuel price: What is windfall gain tax and how it affects fuel prices?

What is windfall gain tax? How does it impact petrol-diesel prices? Which countries impose it? Read this detailed article to know everything about fuel and its relation to windfall gain tax

After a dip, oil prices on track for weekly gain as recession fears ease

Oil prices dipped in early trade on Friday amid uncertainty on demand outlook based on contrasting views from OPEC and IEA, but benchmark contracts headed for weekly gains as recession fears eased.

India's petrol, diesel sales fall in July as monsoon sets in: Data

Petrol and diesel sales in the country fell in July over the previous month as the onset of monsoon chipped away demand in some sectors and restricted mobility, preliminary industry data showed. Diesel, the most widely used fuel in the country, saw consumption drop 13.1 per cent to 6.44 million tonnes from 7.39 million tonnes of demand in June. The arrival and intensity of monsoon weigh heavily on diesel demand in the country and consumption traditionally is lower in July-September than in April-June. Rains restrict mobility and demand from the farm sector, which uses diesel in irrigation pumps and trucking, also drops with the onset of rains. Diesel demand in July was, however, 17.1 per cent higher year-on-year, supported by strong economic growth and a relatively low baseline for the same period in 2021 when the second wave of COVID-19 had impacted the economy. Consumption of diesel was 32.4 per cent higher than the 4.84 million tonnes demand during July 2020 and 5 per cent more

No relief yet

Govt must be prepared to face oil price risks

Centre should remove cess, surcharges on fuel: TN FM Palanivel Rajan

He was responding to Prime Minister Narendra Modi's call on Wednesday to states to reduce the Value Added Tax (VAT) on fuel "in the spirit of cooperative federalism"

India supports release of oil from reserves to cool prices: Minister

Oil prices plunged on Thursday on news that the United States was considering releasing up to 180 million barrels from its strategic petroleum reserve (SPR)