![]() | Crude volatile as OPEC meets to decide on output cutsWith Chinese oil demand turning out to be stronger than expected, crude prices will likely keep trending upward if the status quo on output is maintained. |
![]() | Reliance Industries, BP commit to pay for any shortfall in KG-D6 production to buyersThe GSPA said that the buyer on his part will be obliged to offtake the committed gas volumes or pay for it i.e. take or pay. |
![]() | India’s crude production nosedives as Rajasthan oil fields see output contractDomestic crude production contracted by nearly 5 per cent in the month of November after production in the Cairn Vedanta-owned Rajasthan oil fields fell sharply. |
![]() | Reliance, BP to get government capped price of USD 4.06 for new gas from offshore field KG-D6Reliance-BP in November 2019 auctioned initial gas from the R-Series field at a biddable percentage of Brent crude oil price. |
![]() | Crude flows into samba paddy field as ONGC pipe develops leak at Erukkattur village in TNDhanasekaran, a farmer from Erukkattur village near Tiruvarur taluk had cultivated samba paddy in five acres of land in the village. |
![]() | India saved Rs 5,000 crore by filling strategic reserves with low-priced oil: Union Minister Dharmendra PradhanThe average cost of procurement of crude oil was USD 19 per barrel, as compared to USD 60 a barrel prevailing during January 2020. |
![]() | India to store crude oil in US strategic petroleum reservesThe oil stored in the US reserves can be used for the nation's own needs or can be traded to capture price advantage. |
![]() | Lockdown sees India’s crude oil imports crash to lowest since 2015 in May at 22.5 per centThe sharp fall in fuel demand in India over April and May has resulted in a steep decline in its crude imports, with May recording the largest year-on-year fall since 2005 at 22.5 per cent. |
![]() | Indian mariner goes missing from vessel on high seasEverything was well till Tuesday evening and Majumder had dinner with other members of the crew around 8 pm before retiring to his cabin. |
![]() | Over 7,600 MT crude oil production lost to Assam blockades: OILOIL official said that a detailed plan has been drawn up with the help of Indian and foreign experts to control the flow of gas from the burning well and to cap it. |
![]() | Lockdown relaxations help crude oil recover, but its not out of the woodsFriday’s price movements stand as an example of how vulnerable crude oil prices are to the demand situation. |
![]() | Crude prices continue to rise, Brent above USD 36 per barrelOn the NYMEX, the July delivery contract of WTI is currently trading at $34.33 per barrel, higher by 2.51 per cent from the previous close. |
![]() | Oil prices recover on demand revival signs, Brent at USD 33 per barrelOPEC and its allies led by Russia had last month agreed to reduce output by 9.7 million barrels per day (bpd) for May and June. |
![]() | Nervousness back in oil market amid fears of negative pricesAccording to estimates, the pandemic has reduced demand for oil by close to a third. |
![]() | Oil refiners stare at Rs 25,000 crore inventory loss: Crisil ratingsThe mayhem in the oil market meant that by the time crude oil is processed and converted into fuel, the rates have fallen, resulting in inventory losses. |
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