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Constrained milk, wheat supplies amid volatile crude market raise inflation concern in India
Constrained supplies of milk and wheat, coupled with a volatile international crude oil market with…
ANI
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…
Passenger vehicle exports from India rise 15% in FY23; Maruti Suzuki leads segment
Passenger vehicle exports from India rose 15 per cent in FY23 with Maruti Suzuki India leading the …
PTI
Petrol export by OMCs rose 142% between 2020-21 and 2021-22
The export of petrol by Indian oil marketing companies (OMCs) rose 142% in a year between 2020-21 a…
Russia is landing new buyers for its sanctioned diesel all over the world and Brazil's taking advantage of the steep discounts.
Insider's Phil Rosen interviews top oil analyst Matt Smith of commodities analytics firm, Kpler.
Phil Rosen
Nearly 2 million barrels of Russian diesel are stranded at sea because no one wants to buy them
That's the largest at-sea buildup since October 2020, when global energy markets were still reeling…
Filip De Mott
Petrol and diesel prices hiked for the third time this week in India
The fuel prices have been hiked again this week by 80 paise per litre. Both petrol and diesel price…
America is facing a dramatic diesel shortage that could get even worse
A top oil analyst broke down the worsening fuel shortage in the US and how markets could respond in…
Phil Rosen
Russia faces new sanctions on its energy exports - but this time China and India may not come to Putin's rescue
Not only are China and India unlikely to buy Russian fuels that were once sold to the EU, they coul…
Brian Evans
Russian oil is getting transferred in the high seas for the first time as wary buyers try to avoid affiliation with Moscow
Wary traders have attempted to avoid affiliation with Moscow through blurring the origins of crude …
Phil Rosen
Russian diesel has been sitting in Sudan waters for over 2 weeks because Moscow can't find buyers
The Adamas I ship, which stacked Russian diesel-type cargoes in late January, has been stuck in Nor…
Zahra Tayeb
Russia is selling record amounts of crude oil to India to plug the gap in its energy exports after the EU ban
Indian imports of Russian oil hit a record 1.2 million barrels a day in December, and 1.3 million b…
Jennifer Sor
Russian oil products are likely ending up in the US after being refined in India, report says
"It does look like there's a trade where Russian crude is refined in India and then some of it is s…
Phil Rosen
Saudi Arabia oil exports soared to the most since 2016 in Q1 thanks crude prices above $100 a barrel and higher production
The General Authority for Statistics said Saudi Arabia's oil exports reached nearly $35 billion in …
Zahra Tayeb
Indian government is softening the inflation blow with export bans, duty cuts and subsidies
The CPI inflation touched an eight-year high in April, at 7.79%. The rising inflation will not come…
Gone with the windfall tax: ONGC loses a fifth of its market value
State-run oil and natural gas explorer ONGC lost a fifth of its value in just a week after the Indi…
Oil demand forecast slashed by a third at Citi with more cuts likely as there's no evidence of a summer driving surge
"The demand simply isn't there as people thought," Citigroups's head of commodities research told B…
Phil Rosen
Will review tax on crude, diesel and ATF every fortnight says Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Friday said the government will review every fortnight the n…
PTI
Europe is loading up on Russian diesel 3 months before an import ban kicks in on refined fuels
An EU embargo on refined Russian oil products like diesel will kick in February, spurring the conti…
Zahra Tayeb
Reliance Industries, ONGC, Vedanta and others slapped with windfall, export tax on petroleum
The government on Friday slapped an export tax on petrol, diesel and jet fuel (ATF) shipped oversea…