India’s edible oil imports drop 3.09% to 159.6 lakh tonnes
New Delhi: India’s edible oil imports dropped by 3.09% to 159.6 lakh tonnes in the 2023-24 oil marketing year, primarily due to increased domestic oilseeds production and a decline in demand amid rising prices, according to the Solvent Extractors Association of India (SEA).
Jet fuel prices rise 3.3%, fourth straight hike for commercial LPG in line with global trends
New Delhi: The price of jet fuel, or aviation turbine fuel (ATF), rose by 3.3% on Friday, while commercial LPG prices used in the hospitality sector increased by Rs 62 per 19-kg cylinder, reflecting adjustments to align with global oil price trends, media report said.
Oil prices tumble on weak demand concerns, Brent dips below $70, near 3-yr low
Brent futures fell below $70 a barrel for the first time since December 2021, marking a new low in a price slump driven by strong supply, demand concerns, and heavy speculative selling, according to Bloomberg.
India's April oil consumption rises by 6% YoY: Oil Ministry
New Delhi: India witnessed a 6.1 percent year-on-year increase in fuel consumption, according to data released by the Petroleum Planning and Analysis Cell of the Oil Ministry.
Oil India Q2FY24 consolidated net profit falls 70% to Rs 640 cr
New Delhi: Oil India Limited (OIL) Wednesday reported a 70 percent decrease in its consolidated net profit compared to the same period last year, at Rs 640 crore for the second quarter of the fiscal year 2023-24.
NITP, OIL sign MoU to collaborate in renewable energy and decarbonization
New Delhi: NTPC Limited and Oil India Limited signed a Memorandum of Understanding (MoU) on Thursday to explore collaboration in the areas of renewable energy, green hydrogen and its derivatives, and decarbonization initiatives including through the use of geothermal energy.
Sensex recovers over 100 points in opening session
Mumbai/UNI: The BSE Sensex on Thursday recovered 139.58 pts at 55,520.85 in the opening session as buying was seen in consumer durable, oil and gas and power stocks.
Oil prices down 5 pc on year amid supply worries
New York/Sputnik/UNI: Oil prices closed down for a fifth day in a row, falling as much as 5 percent on the year, as traders and investors focused on the possibility of oversupply in crude amid dissipating tensions that initially threatened tanker movements in the Middle East.
Chennai, Mar 7 (UNI) Following are the rates in the Chennai Oil Market here today.
Chennai, Mar 5 (UNI) Following are the rates in the
Maduro forced to negotiation table by US sanctions: Trump
Washington DC, Jan 30 (IBNS): US President Donald Trump has claimed Venezuela President Nicolas Maduro has been forced to seek diplomatic solutions following US sanctions on the country's state-owned oil company PDVSA.
Venezuela: President Maduro to raise fuel prices to stop smugglers from cheating country
Caracas, Aug 14 (IBNS): Cheap fuel will soon be a thing of the past in Venezuela as its President Nicolas Maduro has promised to raise the price of gasoline in order to stop smugglers from cheating the country.
Shell lubricants introduces Shell Advance Ultra Limited Edition packs
New Delhi/ Kolkata, Feb 20 (IBNS): Shell Lubricants has introduced its Shell Advance Ultra engine oil in new limited edition packs, an official release stated.