Business  /  Published 23.03.22

Oil firms may inflict more pain

The PSU refiners finally bit the bullet and hiked the prices of petrol and diesel after a gap of almost 140 days...
By Our Special Correspondent in Mumbai

Business  /  Published 22.03.22

EU sanction threat fires up crude price

With little sign of the conflict easing, the focus returned to whether the market would be able to replace Russian barrels hit by sanctions...
By Reuters, PTI in Mumbai, London

Business  /  Published 03.12.21

Oil cartel sticks to old output hike plan

Benchmark Brent crude fell more than $1 after the deal was reported, before recovering some ground to trade around$70 a barrel....
By Reuters in London

Business  /  Published 28.11.21

Opec may drop plan to raise output

The group is under pressure from the US to release more oil stocks as part of an effort to cool prices...
By Agencies in Moscow, London

Business  /  Published 24.11.21

India, US dip into crude oil reserves

Benchmark Brent was trading above $80 a barrel on Tuesday, up from levels before the announcement but still well below last month’s three-year high of more than $86...
By Our Special Correspondent in New Delhi


Business  /  Published 23.11.21

Joint action to check oil price

The US had last week made the unusual request to some of the world’s largest oil-consuming nations to consider releasing crude stockpiles...
By PTI in New Delhi

Business  /  Published 19.11.21

India mulls US plan to tame crude prices

Sources said India, which imports about 80% of its crude, may agree to the US request as rising prices can significantly impact the recovery from the pandemic...
By R. Suryamurthy in New Delhi

Business  /  Published 05.11.21

Opec rebuffs Biden pressure on output

The Opec+ alliance, made up of Opec members led by the Saudis and non-members led by Russia, approved an increase in production of 400,000 barrels per day for December...
By PTI in Frankfurt

Business  /  Published 21.10.21

India squares off with Opec

Prime Minister Narendra Modi interacted with the CEOs of global oil and gas firms and pitched for collaboration and investment in the country’s energy sector...
By Our Special Correspondent in New Delhi

Business  /  Published 20.10.21

Club for crude imports

Initially the group of refiners will meet once in a fortnight and exchange ideas on crude purchases...
By Reuters in New Delhi


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