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India on Monday received its first ever shipment of US crude oil with state-owned Indian Oil Corporation (IOC). Photo: Twitter| @IndianOilcl

First shipment of US crude oil reaches India

Indian companies have also contracted 9 MMTPA of LNG from the US and the first shipment is expected to be delivered to...

3 Oct 2017 4:40 AM IST

India on Monday received its first ever shipment of US crude oil with state-owned Indian Oil Corporation (IOC). Photo: Twitter| @IndianOilcl

First US oil shipment to India arrives at Paradip

MT New Prosperity, with a capacity to haul two million barrels of crude, left the US on August 19 and arrived at Paradip...

2 Oct 2017 5:07 PM IST

Crude oil output registered a growth of 0.1 per cent during the month under review as compared to a contraction of 4.1 per cent in September 2016.

Infra output grows 5.2 per cent in September

The expansion in September is highest since April, when the core sectors' growth stood at 2.6 per cent.

1 Nov 2017 5:05 AM IST

Petroleum Minister Dharmenda Pradhan on Wednesday defended the daily price revision mechanism calling it rational and transparent.

Petrol, diesel prices may come down by Diwali: Pradhan

Petroleum Minister adds prices of refinery oil went up because US floods curtailed oil production by 13 per cent.

19 Sept 2017 10:47 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices rise for first time in three days, but trade war drags

Brent crude futures had gained 47 cents, or 0.6 per cent, to $76.38 a barrel by 0441 GMT.

31 Oct 2018 11:38 AM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 12:41 PM IST

Indian Oil Corporation (IOC) plans to nearly double oil refining capacity to 150 mt by 2030.

Shares of oil marketing cos jump up to 7.2 pc on easing crude prices

Brent crude prices fell 4.37 per cent, its biggest single-day fall in three months, to USD 76.24 barrel.

24 Oct 2018 6:26 PM IST

Oil Minister Dharmendra Pradhan

Sentiment' pushing oil price

Pradhan warned that unless oil producing countries look at the affordability of the consuming country alternative will...

17 Oct 2018 1:33 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

India oil demand to rise by 5.8 million barrels per day by 2040: OPEC

Global oil demand is expected to increase by 14.5 million bpd from 2017 to 111.7 million bpd in 2040.

16 Oct 2018 11:28 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

High crude prices hurting global growth: Modi to oil producers

The prime minister said crude oil prices at a four-year high was hurting global growth.

15 Oct 2018 5:49 PM IST

Prime Minister Narendra Modi

PM Modi holds meeting, reviews ways to reduce crude imports

According to sources, the meeting discussed ways to boost domestic production of crude oil so that dependence on imports...

13 Oct 2018 1:09 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil cos to absorb subsidy one-time'

He said that the government expects the global crude oil prices to remain range bound and below $85 per barrel.

12 Oct 2018 12:42 AM IST