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Crude Oil
Business  /  Published 19.01.22

Stocks flounder, rupee sinks

A surge in crude oil prices and rising US interest rates sent stocks and the rupee tumbling on Tuesday while domestic bond yields-hovered around two-week highs. Benchmark indices crashed around 1 per...
By Our Special Correspondent in Mumbai

Business  /  Published 19.01.22

Crude price surges to seven-year high

Benchmark oil prices climbed to their highest since 2014 on Tuesday as possible supply disruption after attacks in West Asia added to an already tight supply outlook. Brent crude futures rose $0.45, ...
By Our Special Correspondent in New Delhi

Business  /  Published 08.12.21

IOC renews oil deal with Rosneft

Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia’s Rosneft, the Russian oil producer said. IOC ...
By PTI in New Delhi

Business  /  Published 30.11.21

Crude price concern

The Modi government on Monday blamed external factors — increased international prices of crude and edible oils — for the surge in retail and wholesale inflation. “The uptrend in in...
By Our Special Correspondent in New Delhi

Business  /  Published 24.11.21

India, US dip into crude oil reserves

India on Tuesday said it would release 5 million barrels of crude from its strategic reserves and soon after, the US said it would release 50 million barrels from its stockpile, kicking off an unprece...
By Our Special Correspondent in New Delhi

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Business  /  Published 23.11.21

India to release crude oil

India will release 5 million barrels of crude oil from its emergency stockpile in tandem with the US, China, Japan, and other major economies to cool international oil prices, the government announced...
By Our Bureau, PTI in New Delhi

Business  /  Published 23.11.21

Joint action to check oil price

India is working on ways to release crude oil from its strategic storages in tandem with other major economies to dampen prices, a top government official said on Monday. The US had last week made th...
By PTI in New Delhi

Business  /  Published 19.11.21

India mulls US plan to tame crude prices

India is studying a rare Biden- administration request to release crude oil from its strategic reserves in a co-ordinated manner with other major consuming countries to keep a lid on prices. The US h...
By R. Suryamurthy in New Delhi

Business  /  Published 05.11.21

Opec rebuffs Biden pressure on output

Officials from the Organisation of the Petroleum Exporting Countries, Russia and other oil-producing nations shook off pressure from the Biden administration and decided on Thursday to stick with thei...
By PTI in Frankfurt

Business  /  Published 26.10.21

Twin hurdles to BPCL sale

The bid to cross the finishing line on the sale of BPCL by March is facing the twin hurdles of a global crude price spike and the growing shift away from fossil fuels to clean energy. The rapid-fire f...
By R. Suryamurthy in New Delhi


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