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“We believe risks to a strong oil price outlook in the medium term are rising as OPEC+ strategy shifts from…
The OPEC+ statement didn’t say what would happen to an additional set of voluntary cuts that include a reduction of…
Commercial LPG was reduced by Rs 69 to Rs 1,676 per 19-kg cylinder
“We think that China is increasing its holdings of metals, including precious metals like gold and silver as well as…
Sources told FE mandi prices have witnessed a sharp spike in the past month following reports of a drop in…
Of the total volumes, government-owned oil public sector undertakings and joint ventures processed 14.5 million tonnes last month, while private…
Russia has emerged as a major supplier of crude oil to the country since its invasion of Ukraine primarily on…
He said, “We won’t be surprised if we see higher demand in terms of quantity compared to last year, including…
It may be mentioned that the IGX facilitated the trade for around 4 crore mmbtu for FY24, more than 20%…
Gold prices have risen 16% in rupee terms since January this year as compared with less than 1% for Sensex.
Output cut by OPEC, Russia seen
Geo-political tensions have built the risk premium in the market, if we see any development in the same that could…
Gold continue to hover around its all-time high levels, on the back of weakness in the Dollar amid uncertainty over…
Jain noted that geopolitics and traditional summer demand have been driving up prices.
If crude prices touch $90 per barrel, then diesel can see heavy under recoveries, marking losses, according to an analysis…
The country exported a total of 1.28 million barrels per day of refined oil products in March, down 12.5% from…
Shipments from Russia remain elevated, but down on year.
Brent crude futures for May dropped 69 cents, or 0.8%, to $85.56 a barrel at 0150 GMT.
During January to March, India imported only 100,000 barrels a day of crude oil from Venezuela, accounting for only 2%…
Brent crude rose 23 cents to $86.98 a barrel by 0118 GMT. U.S. crude futures climbed 28 cents to $82.23.
India is already a huge net importer of crude oil, and import reliance for this primary source of energy has…
Nayara, which owns the country’s second largest single-site oil refinery, will focus on refining margins, irrespective of any volatility in…