Page 18 - Crude Oil

Discipline & deviation: Opec action to keep oil prices at reasonable levels

Brent crude oil futures were already dipping to nearly $61 a barrel before this announcement, and prices might go below $60 once traders have had a chance to digest this news

Crude oil prices drop as OPEC+ accelerates output hikes, surplus looms

Brent crude futures dropped by 87 cents, or 1.42%, to $60.42 a barrel by 0946 GMT, while U.S. West Texas Intermediate crude was at $57.37 a barrel, down 92 cents, or 1.58%

Saudi Arabia's push into Indian refineries stalled over crude oil supply

The nations agreed last month to collaborate on the two plants, as the largest oil exporter seeks to tap a massive market that will help drive global demand growth

OPEC+ plans to further speed up crude oil output hikes despite weak demand

OPEC+ shocked the oil market in April by agreeing a faster-than-expected unwinding of cuts despite weak prices and demand

Saudi to invest in 2 refineries in India; strengthen crude oil, LPG supply

Both nations to collaborate on India's Strategic Petroleum Reserve, expand talks on green hydrogen

IOC plans to operate Gujarat refinery at higher capacity from mid-2026

IOC is revamping one of the five crude units at the 274,000 bpd refinery in Gujarat to raise overall capacity by 86,000 bpd

Can the oilfields amendment Bill allay concerns, attract global drillers?

India imports nearly 90% of its crude oil, half of its natural gas, and over 60% of LPG

Oil declines nearly 3% on signs of progress in US-Iran talks, demand fears

Brent crude futures were down $1.84, or 2.7%, at $66.12 a barrel by 10:48 a.m. EDT (1448 GMT), after closing up 3.2% on Thursday

India's oil basket price at 47-month low of $68.34 a barrel in April

Crude import bill increased by 2.7% in FY25 to $137 billion

US remained the outlier in January with crude imports rising, shows data

Imports from Russia fell by nearly a fifth despite remaining largest source of crude

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Trump tariffs: With crude off the table, US nudges India towards LNG

Importers signal willingness, but warn of drawn-out talks

Indian petroleum product exports escape Trump's reciprocal tariffs

The US is India's largest exporter, with total outbound trade reaching $60 billion in the April-December period of FY25

Oil steadies near $75 as market weighs Trump tariffs, sanctions on Russia

Trump on Sunday said that he was very angry with Russian President Vladimir Putin and would impose secondary tariffs of 25 per cent to 50 per cent on Russian oil buyers

India crude imports hit record on Russian rebound, US oil, price dip

India imported 1.91 million bpd of Russian crude in March, 30 per cent higher than in February and flat from a year earlier

Crude inches up as investors await Trump's actions on Russian oil, Iran

China and India are major buyers of Russian crude and their acquiescence would be crucial to making any secondary sanctions package seriously hurt exports from the world's second largest oil exporter

India's oil production in dire straits as fuel use continues to be strong

Oil India's output is expected to decline by 21 per cent to 66,000 bpd by 2029-30 from 84,000 bpd next financial year, according to the report

Centre 'bars' oil tanker carrying Russian crude over documentation lapse

The Honduran-flagged Andaman Skies, built in 2004, loaded 767,000 barrels at Murmansk on Feb. 24, and was due to discharge at Vadinar on March 30

Trump announces 25% tariff on Venezuelan oil: What's at stake for India?

US President Trump announced a 25 per cent tariff on countries buying Venezuelan oil and gas, effective April 2, applying to both direct and indirect buyers of Venezuelan crude

Crude oil may bounce to $72 in short-term; long-term view bearish: Analyst

Oil prices have recorded seven straight weekly declines since Donald Trump took office on January 20