You Searched For "crude petroleum" and got 20 results
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1 min read
OPEC's secretary general Mohammad Barkindo dies aged 63
Barkindo died unexpectedly late Tuesday in his home country of Nigeria, just weeks before he was se…
George Glover
3 mins read
Crude oil prices may hit $100/bbl after OPEC+ decision, say analysts
Crude oil prices are expected to rise after the oil cartel OPEC+ announced their decision to extend…
1 min read
Politically created crude oil surplus is already ending says Goldman Sachs
Fundamentals for crude oil weakened in April-May with modest declines in the Russian exports, recor…
2 mins read
Oil could be capped at $120 per barrel this summer as release of global reserves keeps a lid on prices, Bank of America says
China's lockdown of Shanghai and other areas during a new COVID-19 outbreak should also temporarily…
Carla Mozée
2 mins read
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…
ANI
3 mins read
The US decision to release 180 million barrels of oil will help offset the loss of Russian supply and keep prices steady, JPMorgan says
The Energy Department will likely miss its target of releasing 1 million barrels of oil a day, but …
Carla Mozée
3 mins read
India to release 5 million barrels of crude oil from strategic reserves on US request
This is the first time ever that India, which stores 5.33 million tonnes or about 38 million bar…
PTI
2 mins read
The Strategic Petroleum Reserve 'would be harder to use,' and the only buffer for oil markets is Middle East production, energy expert says
The Strategic Petroleum Reserve currently sits at 40-year lows at 351 million barrels, according to…
Aruni Soni
2 mins read
Record-breaking oil production from the US has left OPEC with its lowest crude market share in nearly a decade
The IEA said global oil demand has slowed sharply amid economic turmoil, while the US, Brazil, and …
Phil Rosen
2 mins read
Here's why tapping the US oil reserve has led to America increasing crude exports - and why even more US energy supplies could be shipped overseas
"But the unintended consequence of federal intervention is that more barrels than ever before are b…
Phil Rosen
1 min read
CHART OF THE DAY: US crude oil tops $90 a barrel for the first time in 10 months
The steady grind higher for oil prices will put upside pressure on inflation, and that could force …
Matthew Fox
1 min read
Indians must brace for a further rise in petrol and diesel prices as crude oil scales a 2-year high
Fuel prices in India are already near record highs. West Texas Intermediate (WTI) crude als…
2 mins read
Stocks unlikely to be impacted by windfall tax removal
Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …
1 min read
Indian oil refiners are using China's yuan instead of the US dollar to buy Russian crude
In June, Indian Oil was the first state refiner to purchase Russian crude using the yuan, sources t…
Filip De Mott
1 min read
Oil giant Saudi Aramco points to lower crude prices as profits plunge 38% in the 2nd quarter
The state-run energy major reported about $30 billion in net profits last quarter, down sharply fro…
Phil Rosen
1 min read
Govt removes windfall tax on crude oil production, cuts for diesel
The Central government has slashed windfall tax on crude oil production to zero from Rs 3,500 rupee…
2 mins read
RBI Governor calls for coordinated action to give tax relief on petroleum products
Petrol and diesel prices in the country have reached historic high levels. Apart from global m…
1 min read
Russia's cheap crude sends OPEC's market share in India to a record low
Russia now supplies India with more than a third of its oil imports, versus less than 1% before Mos…
Phil Rosen
1 min read
Warren Buffett's Berkshire Hathaway snaps up another $123 million in Occidental Petroleum stock, now owns 25% of the oil company
Warren Buffett's conglomerate now owns over 25% of Occidental Petroleum, with 224 million shares wo…
Jennifer Sor
5 mins read
Indian markets open in the green despite mixed cues from Asian markets – SBI, PNB, Adani Enterprises in focus
Sensex and Nifty50 opened in the green despite mixed cues from Asian markets. On a positive note, a…