Edible oil industry suggests govt initiate dialogue with Indonesia over palm oil ban
Oil and fats contributed to around 60 per cent of food and beverages inflation in the country, despite having a weight of only 7.8 per cent in the basket.
Apr 25, 2022, 22:03 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
Oil heads for weekly fall on Iranian oil hopes
Fears over possible supply disruptions resulting from the Russian military presence at Ukraine`s borders have limited losses this week.
Feb 18, 2022, 21:31 PM IST
Iran oil exports hit 2.44 million barrels per day
Iran boosted its oil exports to 2.44 million barrels per day in late October as it regains market share lost during years of international sanctions, its oil minister said Wednesday.
Nov 02, 2016, 17:22 PM IST
Oil slides to lowest since 2003 as Iran sanctions are lifted
Oil prices hit their lowest since 2003 on Monday, as the market braced for a jump in Iranian exports after the lifting of sanctions against the country at the weekend.
Jan 18, 2016, 08:59 AM IST
Oil prices fall as Iran, global powers reach nuclear deal
Oil prices tumbled on Tuesday as Iran and six global powers reached a nuclear deal that could see an easing of sanctions against Tehran and a gradual increase in its oil exports just as Asian economies showed further signs of weakness.
Jul 14, 2015, 12:03 PM IST
Iraq predicts oil will rise to $64-65 per barrel
Iraqi Oil Minister Adel Abdel Mahdi said Sunday he expects the price of crude oil, which dropped to a six-year low in January, to continue recovering to reach USD 64 or USD 65 per barrel.
Mar 01, 2015, 23:47 PM IST
Oil rises to $62 per barrel, near 2015 high as Mideast risks support
Oil rose to USD 62 a barrel on Tuesday, close to its 2015 high, supported by threats to Middle East supplies and expectations lower prices may prompt a slowdown in U.S. output.
Feb 17, 2015, 16:55 PM IST
Iraq government, Kurds strike deal on budget, oil exports
Iraq`s government and the autonomous Kurdish region have reached an agreement resolving a longstanding dispute over the budget and oil, in a move seen as a key step in improving cooperation against jihadists.
Dec 02, 2014, 17:57 PM IST
India still worried about rising crude prices: Jaitley
India is worried about the impact of Iraq crisis on crude oil, though there were indications of moderation in prices in the last few days, Finance Minister Arun Jaitley said on Friday.
Jul 04, 2014, 12:15 PM IST
Oil refiners gain as Brent slips below $114
India's oil retailers surge after Brent crude falls below $114 a barrel on Tuesday, as data showing near-record high oil exports from Iraq indicated supplies remained unaffected by the escalating violence at OPEC's No. 2 producer.
Jun 24, 2014, 15:07 PM IST
Oil prices climb again amid escalating violence in Iraq
Crude oil prices rose to new nine-month highs on Friday as concerns persisted that an insurgency in Iraq could disrupt oil exports from the second-largest OPEC producer.
Jun 14, 2014, 04:17 AM IST
