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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…
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
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
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
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…
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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…