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Friday, September 26, 2025
TopicCrude oil

Topic: crude oil

ONGC plans trading unit for crude and fuel to leverage 100 million tonnes group oil portfolio

The trading unit will help ONGC look at sales and purchase of crude oil and refined fuels.

If India stopped buying Russian oil, China would gain and global prices would go up

The West should thank India for buying Russian oil and stabilising the global market.

More rhetoric than reality? What are ‘massive’ Pakistani oil reserves Trump has promised to develop

Remains to be seen whether US promise is more rhetoric than reality, Pakistani economist Javed Hassan tells ThePrint. He says Trump’s posts suggest desperation to get India deal. 

Jharkhand cops went looking for ‘crude oil thief’ in UP’s Mainpuri. He was sitting in Mathura jail

Mainpuri: A police team from Jharkhand landed up in Nagla Puwayan village in Uttar Pradesh’s Mainpuri district Tuesday. Their mission: to nab alleged ‘crude...

Russian crude refined in third country is no longer a ‘product of Russia’, says US Treasury official

At an event in New Delhi, US treasury official Anna Morris says Washington has not asked India to reduce its purchase of Russian crude. India was top buyer of Russian oil in 2023.

India expands crude imports from US as sanctions against Russia tightens

India was the top buyer of Russian oil last year after other groups retreated from purchases following Western sanctions on Moscow for its invasion on Ukraine in February 2022.

Fresh US sanctions on Russia threaten Moscow’s oil sales to India

The United States on 23 Feb imposed sanctions to mark the second anniversary of Russia’s invasion of Ukraine and retaliate for the death of opposition leader Alexei Navalny.

What US easing sanctions on Venezuela, home to world’s largest oil reserves, could mean for India

Move could pay dividends to Indian refiners, who have capacity to refine heavy crude from Venezuela. India consistently bought crude from Latin American country before sanctions.

Oil companies in sustained profit & crude rates well below peak, yet no relief to public on fuel prices

Petrol and diesel rates have not been lowered in India since May 2022 even though international oil prices are down 25% from June 2022 peak. Analysts believe ‘politics is at play’.

India’s July crude oil imports from Russia slows down, Saudi Arabia inbound shipments decline

By Nidhi Verma NEW DELHI (Reuters) - India's July crude oil imports from Russia dipped for the first time in nine months, while inbound shipments from Saudi Arabia tumbled to their lowest in 2-1/2

On Camera

Bads of Bollywood brought Emraan Hashmi out of our guilty pleasure closet, made him cool

With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

Govt inks deal with HAL for 97 new Tejas Mk1A; previous order’s deliveries likely to begin next yr

There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.