Oil Exports

The countries agreed the pause in output hikes for the first quarter at their last meeting held earlier this month

Crown Prince Mohammed bin Salman is seizing a chance to turn Saudi Arabia's oil wealth into tech influence

Chief negotiator returns from New York after fresh parleys

IOC Chairman Arvinder Singh Sahney outlines growth roadmap, defends E20 fuel, and shares updates on refinery and green hydrogen projects

In first nine days of Sep, loadings for India stood at 1.55 million bpd, as against August loadings of 1.49 million bpd

Edible oil industry body SEA has demanded that the government lift the ban on export of De-Oiled Rice Bran (DORB) to protect domestic processors and enhance farmers income. At present, the ban is valid till September 2025. In a statement on Thursday, the Solvent Extractors' Association of India (SEA) said it has appealed to Prime Minister Narendra Modi and Home Minister Amit Shah to withdraw the ongoing ban on the export of DORB. "SEA has urged the government not to extend the ban beyond September 30, 2025," the association said. It has written a letter to the prime minister, home minister as well as Food and Consumer Affairs Minister Pralhad Joshi, Commerce Minister Piyush Goyal, Agriculture Minister Shivraj Singh Chouhan and Fisheries, Animal Husbandry and Dairying Minister Rajiv Ranjan Singh. Before the ban that was imposed in 2023, the SEA noted that India exported 5-6 lakh tonnes of DORB annually, worth about Rs 1,000 crore, mainly to Asian countries, to stabilise feed and mi

Oil tanker Tempest Dream, carrying about 43,000 metric tons of gasoline, sailed out on August 4, according to the sources and shipping data

Russian lobby group Oil and Fat Union estimates that Russia is the world's leading producer of sunflower oil and the second largest exporter after Ukraine

Heavy grade crude from Alberta can be a stable alternative to Russian Urals

India said last month its energy purchases from the US could go up to $25 billion in the near future from $15 billion last year

Iraq's oil ministry has announced the resumption of oil exports from northern Iraq's semi-autonomous Kurdish region. The exports had been halted for nearly two years after the International Chamber of Commerce sided with Iraq in an arbitration case as a long-standing dispute over the independent export of oil by the Kurdish regional government. The ministry said in a statement on Saturday that it had completed the necessary procedures to restart shipments through Turkey's Ceyhan port. It said that exports will resume in accordance with federal budget regulations and Iraq's OPEC production quota, according to the "agreed-upon framework". The ministry urged the Kurdish region's authorities to transfer crude oil extracted from the region's oil fields to the State Organisation for Marketing of Oil, facilitating its exports via the Iraq-Turkey pipeline. "We call on the regional authorities to deliver the produced quantities in line with signed contracts to ensure smooth operations," i

Opec+ pumps about half of the world's oil and earlier this month delayed a plan to raise output until April

Several analysts suggested Washington might take some action to cut Iran's oil exports in part to temper any Israeli reaction to the Iranian strikes, which could escalate the conflict

On Feb. 16, the government raised the windfall tax on petroleum crude to 3,300 rupees a metric ton from 3,200 rupees and hiked the tax on diesel to 1.5 rupees a litre from zero

Still, having scraped through the crisis, Europe has emerged into a new reality that has its own list of challenges

The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according two trading sources

The refinery executives said Indian processors will maintain their long-term supplies from producers such as Saudi Arabia, with any increase in Russian purchases done on a spot and opportunistic basis

Argentina stays top exporter to India since war broke out

Trade weakness would affect growth

India, the world's third-largest oil importer, has been ramping up Russian crude imports and increasing oil product exports to the West for higher margins.