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.
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Fri, Oct 04, 2024
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
Tue, Oct 01, 2024
Brent crude slipped below $70, Brent crude fell by about 2.5%
Thu, Jan 25, 2024
How are bullion, agricultural commodities, and industrial metals faring today? We bring you the latest updates from the world of commodities.
Wed, Jan 24, 2024
Sat, Jan 20, 2024
Oil prices settled slightly lower but recorded a weekly gain as Middle East tensions and disruptions to oil output offset concerns about the Chinese and global economies.
Fri, Jan 19, 2024
Thu, Jan 18, 2024
Wed, Jan 17, 2024
Tue, Jan 16, 2024
Mon, Jan 15, 2024
Fri, Jan 12, 2024
Thu, Jan 11, 2024
Crude Oil Price: There was a tremendous start in the market today and meanwhile the price of crude was also seen increasing. Brent crude came at the price of 78.11, Nymex crude at 72.66 and MCX crude at 6050.
Wed, Jan 10, 2024
Tue, Jan 09, 2024
Crude Prices: After yesterday's fall, recovery was seen in commodities today. A huge jump was also seen in the price of crude. MCX Crude came at the price of 6028.
India announced its first oil extraction from a new discovery in the Krishna Godavari Basin, starting with 4 wells and targeting 45,000 barrels per day by June. This will contribute 7% to both crude oil and gas production. Phase 3 is underway, aiming for peak production by June 2024.
Mon, Jan 08, 2024
Why is the level of $80 important for Crude Oil? How will the movement of Crude Oil be in future - Why may the pressure on Crude Oil increase? J.P on crude oil Opinion of Morgan, BoA, UBS, Reuters... Know complete details from Neha Anand...
Fri, Jan 05, 2024
Thu, Jan 04, 2024
The data shows that crude imports and lifting indications from major Middle Eastern suppliers, particularly Iraq and Saudi Arabia, have witnessed an upswing in the fourth quarter and are expected to continue into Q1 2024.
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