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Crude Oil

'India's awe inspiring journey under PM Modi's leadership...': Hardeep Singh Puri's 'interesting conversation' on HARDtalk after 2 decades

'India's awe inspiring journey under PM Modi's leadership...': Hardeep Singh Puri's 'interesting conversation' on HARDtalk after 2 decades

Sat, Feb 08, 2025

The Union Minister, serving as Petroleum and Natural Gas Minister under since 2021, has revealed parts of his interaction with English journalist Stephen Sackur for BBC programme HARDtalk.

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Finance Ministry to review efficacy of windfall tax on crude oil and fuel exports

Thu, Nov 28, 2024

The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.

Central government has tools to deal with volatile crude oil rates, says official

Central government has tools to deal with volatile crude oil rates, says official

Fri, Oct 04, 2024

India is bound to be impacted by the spillover impact of global developments, a central government official has said.

TRENDING NOW

Oil falls on Ukraine peace talk hopes, China demand fears

Oil falls on Ukraine peace talk hopes, China demand fears

Tue, Mar 29, 2022

U.S. crude futures fell on Tuesday, extending losses from the previous day as Ukraine and Russia headed for peace talks and on fears of a drop in fuel demand in China after the financial hub of Shanghai shut down to curb a surge in COVID-19 cases.

Commodities Live: Crude oil rolled due to lockdown in Shanghai, the possibility of reduction in demand increased

Commodities Live: Crude oil rolled due to lockdown in Shanghai, the possibility of reduction in demand increased

Mon, Mar 28, 2022

Weakness has been seen in the prices of crude oil due to the lockdown in Shanghai. A 9-day lockdown has been imposed in China. China is the second largest importing country in the world. Now with the imposition of lockdown, the possibility of reduction in the demand for crude oil has increased.

Power Breakfast: Crude oil rolls down on news of new lockdown in Shanghai

Power Breakfast: Crude oil rolls down on news of new lockdown in Shanghai

Mon, Mar 28, 2022

Crude oil rolled down on news of new lockdown in Shanghai. Brent sprang from a missile attack on Saudi Arabia on Friday. 2 more refineries were also attacked. Brent slips 3.5% below $117, WTI below $110.

Cover Story 360: How are oil prices decided? Know Experts' Opinion

Cover Story 360: How are oil prices decided? Know Experts' Opinion

Wed, Mar 23, 2022

The price of Crude has increased to about $ 37. Petrol-Diesel prices are likely to increase in the coming days as well.

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

Oil jumps as EU weighs Russian ban, Saudi refinery output hit

Mon, Mar 21, 2022

Oil prices jumped more than $3 on Monday, with Brent above $111 a barrel, as European Union nations consider joining the United States in a Russian oil embargo, while a weekend attack on Saudi oil facilities caused jitters.

Iran ready to meet India's energy needs, moots relaunching rupee-rial mechanism

Iran ready to meet India's energy needs, moots relaunching rupee-rial mechanism

Sat, Mar 19, 2022

Iran used to be India's second largest oil supplier but New Delhi had to halt imports after the former US president Donald Trump withdrew from the nuclear deal with Iran and re-imposed sanctions on its oil exports.

Crude oil settles up post US Fed decision but posts 2nd consecutive weekly decline

Crude oil settles up post US Fed decision but posts 2nd consecutive weekly decline

Sat, Mar 19, 2022

Brent crude futures settled up $1.29, or 1.2%, to $107.93 a barrel, a day after surging nearly 9% in the biggest daily percentage gain since mid-2020.

After Indian Oil, HPCL buys 2 million barrels Russian crude; Mangalore Refinery seeks 1 million barrel

After Indian Oil, HPCL buys 2 million barrels Russian crude; Mangalore Refinery seeks 1 million barrel

Thu, Mar 17, 2022

After Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) has bought two million barrels of Russian crude oil as Indian refiners stepped up efforts to secure Russian oil available at deep discounts.

Oil falls below $100 on Russia-Ukraine talks, demand concerns

Oil falls below $100 on Russia-Ukraine talks, demand concerns

Wed, Mar 16, 2022

Ukraine`s president said the positions of Ukraine and Russia were sounding more realistic, but time was needed. Russia`s foreign minister said some deals with Ukraine were close to being agreed.

Nivesh Ka Funda: Expect volatility in near term, says Jinesh Gopani, of Axis AMC; follow leaders in individual sectors

Nivesh Ka Funda: Expect volatility in near term, says Jinesh Gopani, of Axis AMC; follow leaders in individual sectors

Wed, Mar 16, 2022

Stock Market are expected to remain volatile this year and action will be seen more in stocks than index, Jinesh Gopani tells Zee Business in the popular TV show 'Nivesh Ka Funda'.

Softening in crude oil prices leads to 8% correction in ONGC shares; ICICI Direct bullish, revises stance from Buy to Hold

Softening in crude oil prices leads to 8% correction in ONGC shares; ICICI Direct bullish, revises stance from Buy to Hold

Tue, Mar 15, 2022

The decline in ONGC shares was mainly due to softening of crude oil amid easing geopolitical situations between Russia-Ukraine.

Rupee gains 21 paise to 76.33 against US dollar in early trade

Rupee gains 21 paise to 76.33 against US dollar in early trade

Tue, Mar 15, 2022

The rupee surged 21 paise to 76.33 against the US dollar in the opening trade on Tuesday.

Dalal Street Voice: Pharma, chemicals, EV & textile stocks trading at attractive valuations post recent fall, says Divam Sharma of Green Portfolio

Dalal Street Voice: Pharma, chemicals, EV & textile stocks trading at attractive valuations post recent fall, says Divam Sharma of Green Portfolio

Tue, Mar 15, 2022

In an interview with Zeebiz's Kshitij Anand, Sharma said corrections are essential in the markets. During this phase, the fundamentals of a company are catching up to its valuations and it’s a character of a healthy market. Edited excerpts

Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns

Oil falls $7 on Russia-Ukraine talk hopes, China lockdowns

Mon, Mar 14, 2022

Oil prices fell around $7 a barrel on Monday as investors pinned hopes on diplomatic efforts between Ukraine and Russia to end their conflict.

India has 4 buffers available even as Russia-Ukraine war increases inflation, supply chain challenges

India has 4 buffers available even as Russia-Ukraine war increases inflation, supply chain challenges

Sat, Mar 12, 2022

S&P BSE SENSEX fell nearly 3 per cent on a total return basis in February 2022. It has outperformed developed market indices like S&P 500 (-3.00%) and Dow Jones Industrial Average Index (-3.29%). S&P BSE SENSEX has also outperformed MSCI Emerging Market Index (-3.0%)

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Russian Deputy PM Alexander Novak discuss bilateral cooperation with Petroleum Minister Hardeep Puri; invites to invest in oil, gas sector

Fri, Mar 11, 2022

The Russian Deputy Prime Minister Alexander Novak spoke to Hardeep Singh Puri, Minister of Petroleum and Natural Gas on Friday and discussed bilateral cooperation between the two countries.

Market Expert Ajay Bagga explains what to expect from the US Fed meeting next week

Market Expert Ajay Bagga explains what to expect from the US Fed meeting next week

Fri, Mar 11, 2022

A meeting of the US Fed is scheduled on 16 March and will we see a rate hike? Zee Business Managing Editor and Market Guru Anil Singhvi speaks with Market Expert Ajay Bagga to know what could likely be the outcome of the meeting?

Correction in commodity prices augurs well for equity markets, says Anil Singhvi; know why?

Correction in commodity prices augurs well for equity markets, says Anil Singhvi; know why?

Thu, Mar 10, 2022

The USD 20 correction in crude oil prices is a reasonable correction and should not come as a surprise, Zee Business Managing Editor Anil Singhvi said. He said that it was also not a big deal if the crude oil prices hit US 130 on supply disruptions.

Correction in Crude oil prices aid Indian equities; Nifty Bank up over 4, Axis Bank, IndusInd Bank gain most

Correction in Crude oil prices aid Indian equities; Nifty Bank up over 4, Axis Bank, IndusInd Bank gain most

Thu, Mar 10, 2022

Oil prices also regained some footing, having fallen more than 12% on the previous session as United Arab Emirates pledged to support hiking oil output to ease mayhem in energy markets, it further said.

Oil rises as market weighs OPEC filling Russia supply gap

Oil rises as market weighs OPEC filling Russia supply gap

Thu, Mar 10, 2022

Oil prices rose on Thursday following a sharp drop in the previous session as the market contemplated whether major producers would boost supply to help plug the gap in output from Russia due to sanctions for its invasion of Ukraine.

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