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Global energy outlook will shift once Trump returns to White House: Report

Trump's win in the US presidential election may shift the global energy outlook in response to anti…

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Rupee falls 1 paisa to all-time low of 84.40 against US dollar in early trade

The Indian Rupee hit a new all-time low against the US dollar, reaching 84.40 due to foreign fund o…

PTI   


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Russia's oil revenue plummeted 29% in October amid volatile global crude prices

One of Russia's largest revenue sources took a hit in October, with oil revenue falling nearly 30% …

Jennifer Sor   


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The US is pumping more oil than ever, and it's complicating things for other crude-exporting countries

US crude production notched a new monthly record in August. That's not necessarily welcome news to …

Filip De Mott   


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Headroom to cut petrol and diesel prices by ₹2-3 per litre: Icra

A reduction in crude oil prices in recent weeks has improved margins on retail auto fuels, providin…

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Duty hike on crude, refined oils to hugely benefit farmers: Official

The government official also said that the decision to remove minimum export price and slashing of …

PTI   


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Decreased oil exports, because of lower crude prices increasing India's trade deficit, says CRISIL

India's oil exports have been impacted by the fall in crude oil prices, leading to a contraction in…

ANI   


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India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI   


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Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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Oil prices plunge most in 2 years after Israel's strike on Iran spares production facilities

Iran produced about 4 million barrels of oil per day in 2023. A strike on its crude production faci…

Matthew Fox   


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Sanctioned tankers are back to transporting Russian oil in a blow to the West's efforts to restrict crude flows

The number of sanctioned ships carrying Russian oil grew sixfold last month compared to levels in A…

Jennifer Sor   


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Russia's lucrative oil and oil industry is an easy target for Europe after Trump's election victory

The European Commission's president said the European Union could boost US liquified natural gas pu…

Huileng Tan   


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ONGC declares highest ever standalone profit in FY24

The consolidated net profit of the company is also highest at Rs 57,101 crore in FY24. The crude oi…

ANI   


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India's oil, gas exploration offers USD 100 billion opportunity: Oil Minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri on Thursday called for stepping up oil and gas hunt to cut India's …

PTI   


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Gold, silver rally, crude volatile while copper at two-month low: Choice Commodity Report

The Multi Commodity Exchange of India (MCX) Gold July contract saw a modest increase of +0.86 per c…

ANI   


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Rupee falls 9 paise to 83.43 against US dollar in early trade

At the interbank foreign exchange market, the local unit opened at 83.39 and lost further groun…

PTI   


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US oil production just hit a record high

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…

Kelly Cloonan   


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Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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3 mins read

Trump said he'll unleash an oil boom. Exxon Mobil CEO says not so fast.

ExxonMobil CEO Darren Woods said there isn't much opportunity for the oil industry to increase prod…

Catherine Boudreau,Jacob Zink…