India Becomes Ukraine’s Top Diesel Supplier Amid US Tariffs Over Russian Crude: Report
The report comes as the US alleges that India is indirectly supporting Russia's war against Ukraine by buying Russian crude.
Aug 30, 2025, 16:37 PM IST
After the tariff bomb, other big threat from Trump!
US President Donald Trump on Wednesday signed an executive order to impose an additional 25 percent tariff on India for continuing to buy oil from Russia.
Aug 07, 2025, 10:56 AM IST
This Country Is World's Largest Producer Of Crude Oil, Not Saudi Arabia, Iran, or Kuwait; Name Is…
Did you think Saudi Arabia or Iran produces the most crude oil? Think again! According to a 2023 report by the US Energy Information Administration, the United States is the world’s largest crude oil producer, pumping out 21.91 million barrels per day — far ahead of Saudi Arabia, Russia, and others.
Jun 23, 2025, 10:44 AM IST
Middle East Tensions, Flight Crash Send Airline Stocks Tumbling
IndiGo’s shares went down by as much as 4.04 percent to Rs5,256 each, while SpiceJet’s shares fell 1.68 percent to Rs43.93 on the BSE.
Jun 13, 2025, 14:59 PM IST
Govt To Further Reduce Dependency On Imported Crude Oil, Promote Domestic Production
The subsidised domestic LPG cylinder is made available to more than 10.33 crore PM Ujjwala Yojana beneficiaries, across the country.
Mar 10, 2025, 20:15 PM IST
India Would Continue Buying Russian Crude If Available At Discount: Hardeep Puri
Prime Minister Narendra Modi's "commitment is to make energy available round the clock in the most affordable manner, along with the transition to green energy", said Hardeep Singh Puri.
Jan 24, 2025, 23:46 PM IST
Market Outlook: Trump's Inauguration, Q3 Results Key Factors Next Week
The market outlook for next week will be guided by the Donald Trump factor, Q3 FY25 results, foreign institution investors (FIIs), rupee vs dollar and crude oil prices. Trump will be sworn in as the 47th US President on January 20, as investors keenly observe upcoming tariff announcements. The global market may remain volatile in the coming week, according to market watchers.
Jan 19, 2025, 14:46 PM IST
Iran's Missile Attack On Israel Sends Oil Prices Skyrocketing; Tensions In Middle East Sparks Worries On Global Oil Supply
The ongoing tensions highlight the importance of Iran's oil industry for maintaining stability in energy markets, especially during periods of political unrest or possible supply shortages.
Oct 02, 2024, 10:48 AM IST
Rupee Closes 3 Paise Higher at 83.87 Against US Dollar
On the domestic equity market front, Sensex advanced 611.90 points, or 0.75 per cent, to close at 81,698.11 points. The Nifty rose 187.45 points, or 0.76 per cent, to 25,010.60 points.
Aug 26, 2024, 21:03 PM IST
'Petrodollar Deal': Did Saudi Arabia Not Renew Deal With US? EXPLAINED
Media reports have stated that a 50-year longstanding Petrodollar deal between Saudi Arabia and the United States has lapsed in July. What does it mean? We explain.
Jul 12, 2024, 09:42 AM IST
ATF Price Slashed By 6.5% To Rs 94,969.01/kl; Windfall Tax On Crude Petroleum Reduced To Rs 5,200/Tonne
The government has reduced the windfall tax on domestically-produced crude oil to Rs 5,700 per tonne from Rs 5,700 which is effective from June 1, 2024.
Jun 01, 2024, 14:48 PM IST
Sensex Falls 314 Points Amid Muted Global Cues
Crude oil remains flat -- Brent crude at $79 per barrel and WTI crude at $83 per barrel.
May 30, 2024, 11:11 AM IST
Govt's Firm Stand On Buying Russian Oil Saves $8 Billion In India's Import Bill
Prime Minister Narendra Modi-led government has stood firm in maintaining its ties with Russia despite the Western sanctions against Moscow.
May 02, 2024, 12:24 PM IST
Govt Cuts Windfall Tax On Crude Oil, ONGC, OIL India Ltd To Gain
Upstream oil exploration and production companies ONGC and Oil India Ltd stand to gain as they will have to pay a lower tax on their crude.
May 01, 2024, 14:57 PM IST
Global Oil Prices Rise Amid Increasing Middle East Conflict
India imports over 85 per cent of its crude oil requirement and a substantial spike in global oil prices could raise the country’s oil import bill.
Apr 19, 2024, 14:31 PM IST
With First Oil Discovery From ONGC's KG Basin, India's Inches Closer Towards Dream Of 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'.
Jan 09, 2024, 12:18 PM IST
Oil Marketing Stocks In Limelight On Account Of Fall In Crude Price
Sugar stocks too witnessed fresh buying due to improved domestic demand.
Nov 23, 2023, 17:19 PM IST
BIG UPDATE On Petrol, Diesel Price; Govt May Cut Fuel Prices By Rs 3-5 A Litre Around Diwali
Last week, the government cut the price of the domestic 14.2kg LPG cylinder by Rs 200/LPG cylinder for all 330 million consumers w.e.f. August 30.
Sep 06, 2023, 15:45 PM IST
Historic First: India, UAE Settle Crude Oil Transaction Using National Currencies
A Local Currency Settlement (LCS) system was established as a result of a Memorandum of Understanding (MoU) exchanged during PM Narendra Modi's visit to the UAE last month.
Aug 15, 2023, 15:57 PM IST
India's Export, Import Fell In May, Trade Deficit Rises To 5-Month High
As a result, the trade deficit rose to a five-month high of $22.1 billion. India has been consistently witnessing a trade deficit for many years now.
Jun 15, 2023, 20:56 PM IST