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News
oil
Oil News
ONGC
09 Jan 2024
With First Oil Discovery, India's Close To Atmanirbhar Bharat In Energy Sector
The discovery of oil in ONGC's Krishna Godavari basin concurs with dreams of India's mission for an 'Aatmanirbhar Bharat'.
Crude Oil
13 Mar 2023
Iran says oil exports reach highest level since US reimposed sanction in 2018
The Iranian oil Minister claimed that the country`s gas exports have witnessed a year-on-year rise of 15 per cent in the current Iranian calendar year, noting that Iran has raked in $6.5 billion from its liquefied petroleum gas exports since March 2022.
russia oil supply to india
07 Nov 2022
Baat Pate Ki: India increases oil imports from Russia
Angered by the ongoing war between Russia and Ukraine, many countries of Europe banned the purchase of oil from Russia. After which Russia increased the supply to other countries, including India.
Crude Oil
03 Aug 2022
Gov cuts windfall tax on diesel, ATF export; raises levy on domestic crude oil
The tax on domestically produced crude oil was hiked to Rs 17,750 per tonne from Rs 17,000, a move that will hit producers like ONGC and Vedanta Ltd.
Crude Oil
20 Jul 2022
Govt slashes windfall tax on fuel export, domestic crude oil
While the Rs 6 a litre export duty on petrol was scrapped, the tax on the export of diesel and jet fuel (ATF) was cut by Rs 2 per litre each to Rs 11 and Rs 4 respectively, government notifications showed.
Edible oil
12 Jul 2022
How will import duty cut on 2edible oil varieties help boost supply? Govt asks
According to official sources, Food Secretary Sudhanshu Pandey has written to the Solvent Extractors Association of India (SEA), Indian Vegetable Oil Producers Association (IVPA) and Soybean Processors Association of India (SOPA) in this regard.
Crude Oil
05 Jul 2022
New taxes to hurt disinvestment plans, corporate profits, investment climate
In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures are for a short term and do not extend to other sectors.
Crude Oil
04 Jul 2022
Govt to review oil export, windfall tax based on forex rate
Revenue Secretary Tarun Bajaj said the USD 40 per barrel level of oil prices being talked about for a rollback of the levy is unrealistic, considering the international oil rates currently.
DNA Video
30 Apr 2022
DNA: Why is there a crisis of edible oil in the world?
There is a serious crisis of edible oil all over the world. This simply means that there may be a shortage of edible oil coming to your house in the next few days.
natural gas
17 Apr 2022
Oil Ministry freezes gas allocation, prices of CNG, PNG spike: Report
The halt has led to a hike in CNG and piped cooking gas prices to record levels. Current supplies have been maintained at March 2021 demand level, report said.
DNA Video
08 Mar 2022
DNA: US, UK bans Russian oil and gas import
In the midst of the Ukraine war, the US and Britain have decided to impose tough sanctions against Russia. But Putin has warned that if this happens, he will stop the supply of crude oil in the international market.
Petrol
02 Mar 2022
Petrol, diesel price hikes could restart from next week, says JP Morgan report
Retail price could increase by Rs 9 a litre or 10 per cent. Russian supplies account for a very small percentage.
Oil prices
01 Mar 2022
Oil prices soar as Ukraine conflict stokes supply concerns
The benchmark touched a seven-year high of $105.79 after the invasion began last week. U.S. West Texas Intermediate (WTI) April crude futures were up $4.14, or 4.33%, at $99.86 a barrel after hitting its highest level since July 2014 at $101.53. Russia said on Tuesday its forces had cut off the Ukrainian military from the Sea of Azov north of the Black Sea.
oil
22 Feb 2022
Oil hits highest since 2014 on Russia-Ukraine escalation
Brent crude, the global benchmark, was up $1.93, or 2%, at $97.32 by 1448 GMT. The Ukraine crisis has added further support to an oil market that has surged on tight supplies as demand recovers from the COVID-19 pandemic. The Organization of the Petroleum Exporting Countries (OPEC) and allies, together known as OPEC+, have resisted calls to boost supply more rapidly.
Oil India recruitment
20 Feb 2022
Oil India Recruitment 2022: Apply for Grade 3, 5 posts, check salary here
The recruitment drive will fill 62 vacancies. Last day to apply is Feb 25.
oil
15 Feb 2022
Oil slumps from 7-year high as Russia says withdraws some troops
It was not clear how many units were being withdrawn, and by what distance, after a build-up of an estimated 130,000 Russian troops. British Prime Minister Boris Johnson and U.S. President Joe Biden had agreed in a call on Monday there was a crucial window for diplomacy.
Oil India recruitment
14 Feb 2022
OIL Recruitment 2022: Apply for 62 Grade 3 and 5 posts, earn up to Rs 1,27,000
Candidates can apply on www.oil-india.com. The recruitment drive will fill 62 vacancies.
Indian Oil Corp
16 Jan 2022
Indian Oil to invest $944 million on gas sales network in nine new areas
The new licences awarded to IOC relate to major districts of some states. The company is already working on gas sales projects worth 200 billion rupees.
Brent crude
27 Dec 2021
Oil falls after COVID-19 flight cancellations
Brent has risen by more than 45% this year. Oil, which plunged by more than 10% on Nov. 26 when reports of a new variant first appeared. OPEC+ stuck to its plans at its last meeting to boost output for January despite Omicron.
Edible oil
12 Dec 2021
Edible oil prices down by up to Rs 10 in last 30 days, could fall further
Edible oil prices are expected to fall by Rs 3-4 per kg in coming months. Higher domestic output of oilseeds and bearish trend in global markets could make edible oils more affordable. India's dependence on import of edible oils is reportedly 65 per cent of the total consumption.
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