Oil prices dipped on Friday after falling in the previous session as US President Donald Trump urged Opec to lower crude prices ahead of its meeting in Algeria this weekend. International benchmark Brent crude
Allowing imports of ethanol can help lower the country’s crude oil import bill, according to the US Grains Council, a global biofuel promoting organisation. “To reduce the price of petrol and reduce the nation’s energy import bill
Crude oil prices have been rising over the past couple of months due to US sanctions on Iranian crude oil exports, higher demand and decreasing output from Venezuela.
The Director General of Hydrocarbons on Wednesday said the ongoing Discovered Small Filed (DSF) second round bidding, once completed, will entice about $1.2 billion worth of investments by the successful bidders.
After the United States re-imposed sanctions, India’s crude oil and condensate exports from Iran have dropped below 70 million barrels, shooting up petrol and diesel prices.
The early-November deadline set by the US to sanction Iran’s oil exports is now a warning sign that’s too close for buyers to neglect. JXTG Holdings, Japan’s biggest refiner
The growth of eight core industries slowed down to 6.6 per cent in July against 7.6 per cent the previous month.
An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are bracing for a further supply loss from Iran due to U.S. sanctions and a new rally in prices.
High global crude oil prices and a rise in the demand for US dollar pulled the Indian rupee to a fresh low on Wednesday. However, at 2.05 p.m., the rupee recovered to 70.50-51 after it had plunged to 70.55
Global oil markets could tighten towards the end of this year due to strong demand and uncertainty of production in some oil producing nations, the head of the International Energy Agency said.