oil

MUMBAI: Despite a 7% crash in index heavyweight Reliance Industries - onthe back of a government decision to increase taxes on petrol, diesel and jet fuel exports - the sensex on Friday recouped about 800 points from the day's low to…

Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned. The Group of Seven nations are hammering out a…

State-run oil marketing firms expect fuel supply to normalise in the country and long queues at their outlets to reduce, after the government on Friday slapped export duty on petrol, diesel, and aviation turbine fuel which may act as a…

Finance minister Nirmala Sitharaman on Friday said that India is facing difficulty in importing oil from foreign countries. "These are extraordinary times, oil prices internationally are unbridled," she added. While talking about the…

Finance minister Nirmala Sitharaman on Friday said that India is facing difficulty in importing oil at an affordable price since the prices have zoomed globally due to geopolitical concerns. "These are extraordinary times, oil prices…

Watch out Iraq and Saudi Arabia, Russia is making huge inroads into the Indian oil market and has quite possibly become the largest supplier to the giant Asian buyer. Deprived of many of its traditional European buyers, Moscow is on…

China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden’s economic advisers said. The price of…