Crude Oil

Oil rises 1%, set for another weekly rise on supply concerns

The EU sanctions proposal includes phasing out imports of Russian refined products by the end of 2022 and a ban on all shipping and insurance services for transporting Russian oil.

May 06, 2022, 23:37 PM IST

India's oil import bill doubles to USD 119 bn in FY22

India had spent USD 62.2 billion on the import of 196.5 million tonnes of crude oil in the previous 2020-21 fiscal, when global oil prices remained subdued in the wake of the COVID-19 pandemic.

Apr 24, 2022, 20:23 PM IST

Petrol, Diesel Price Today, April 2: Fuel rates hiked across India; Check latest rates in metro cities

Petrol and diesel prices have risen in five states since the Assembly election results, owing to ongoing tensions between Russia and Ukraine, which have pushed crude oil prices to a seven-year high.

Apr 02, 2022, 08:32 AM IST

Petrol, Diesel price on April 1: Jet fuel price witnesses hike by 2%, check latest rates in metros

Aviation turbine fuel (ATF) - the fuel that makes planes fly - was raised by Rs 2,258.54 per kilolitre, or 2%, to Rs 1,12,924.83 per kilolitre in the national capital.

Apr 01, 2022, 08:22 AM IST

Petrol price to increase by 50 paise, diesel by 55 paise on Sunday: Check fuel rates in Delhi, Mumbai

Petrol will sell at Rs 99.11 per litre in Delhi on Sunday, March 27. 

Mar 26, 2022, 22:28 PM IST

Oil mixed as dollar rises, EU looks less likely to ban Russian oil

A strong dollar makes crude more expensive for other currency holders and tends to weigh on risk appetite.

Mar 22, 2022, 23:49 PM IST

India's crude oil production drops 2.19 per cent in February

Crude oil production by Oil India Ltd in the nomination block during February 2022 was 230.25 TMT, which is 5.38 per cent higher when compared with production of February 2021.

Mar 22, 2022, 20:53 PM IST

India's legitimate energy transactions shouldn't be politicised: Govt on oil imports from Russia

India has not supported the Russian invasion of Ukraine. 

Mar 18, 2022, 14:11 PM IST

India taking up Russian discounted oil offer will not violate US sanctions on Moscow: White House

The US-led West has imposed a series of financial sanctions against Russia for its actions in Ukraine.

Mar 16, 2022, 17:32 PM IST

Diesel prices raised by Rs 75 per litre, petrol by Rs 50 per litre --Know what Lanka Indian Oil Company said

With this increase, the price of petrol has shot up to Rs 254 per litre and diesel to Rs 214 respectively, an unprecedented high in fuel prices that comes at a time when the island nation is currently in the midst of its worst economic crisis in decades.

Mar 14, 2022, 09:57 AM IST

Russia Ukraine War News: Huge devastation in Ukraine's capital Kyiv

Today is the 18th day of the Russia-Ukraine war. Russia is continuously attacking Ukraine. Huge destruction in Ukraine's capital Kyiv. Watch the ground report from Warsaw, Poland.

Mar 13, 2022, 13:36 PM IST

Russia Ukraine War News: Ground Report from Warsaw, Poland

Today is the 18th day of the Russia-Ukraine war. Russia is continuously attacking Ukraine. People from Ukraine are trying to leave their belongings and their loved ones and reach different places safely. Watch this special report.

Mar 13, 2022, 10:32 AM IST

Russia Ukraine War News: Russian bombings forced people to flee

Today is the 17th day of the Russia-Ukraine war. Russia is continuously attacking Ukraine. People from Ukraine are trying to leave their belongings and their loved ones and reach different places safely. Watch this special report.

Mar 12, 2022, 09:30 AM IST

Petrol, diesel rates remain unchanged across cities even as crude oil boils

The central government reduced excise duty on November 4, 2021, to provide relief from historically high prices. 

Mar 08, 2022, 15:40 PM IST

Oil price soars on talks about Russia oil ban, Iran deal delay

Global oil prices have spiked more than 60% since the start of 2022, along with other commodities, raising concerns about world economic growth and stagflation. 

Mar 07, 2022, 20:40 PM IST

Petrol, diesel prices to go up from tonight? Here's what you need to know

To combat growing inflation, the central government could lower the excise on fuel and diesel by Rs 3 or Rs 4. 

Mar 07, 2022, 18:37 PM IST

As Biden administration weighs cutting Russian oil imports, know how much oil US imports from Russia

So far, US has stopped short of targeting Russia's oil and gas exports as the Biden administration weighs the impacts on global oil markets and US energy prices.

Mar 07, 2022, 12:00 PM IST

Gold gains Rs 75, oil jumps toward $115 as Ukraine conflict offsets Iran supply hope

Crude oil touched a decade high this week, and prices are on track for their best weekly increases since the middle of 2020, with the US benchmark up more than 21% and Brent up 17%.

Mar 04, 2022, 21:05 PM IST

DNA: Ukraine Russia Conflict -- What will be impact of war on India?

Crude oil has been affected the most by the war between Russia and Ukraine. Do you know that Russia is benefiting the most due to the rise in crude oil prices. But what effect will it have on India?

Mar 04, 2022, 00:04 AM IST

Brent Crude breaches $112 mark; highest in 8 years after Russia sanctions

The oil industry has been gripped by acute risk aversion in the finance and shipping sectors after several nations including the United States sanctioned multiple Russian entities following Russia`s invasion of Ukraine, though Washington has explicitly exempted energy products from the Russian measures.

Mar 02, 2022, 15:04 PM IST