Page 63 - Crude Oil

Indian Oil sees India's oil demand surging to 500 mn tonnes per yr by 2040

That would be equivalent to around 10 million barrels per day (bpd), up from about 4.7 million bpd in 2017

State should not be seen as gaining from an oil price rise: Ashima Goyal

The emphasis should be on addressing structural problems raising India's current account deficit (CAD) rather than on financing it in risky ways, says Ashima Goyal

Nitin Gadkari leans on tribals to help curb India's crude oil imports

If biofuel could also cut on India's huge aviation fuel imports, and if "we could save Rs 300 billion spent now, says Gadkri

Nitin Gadkari bets on alternative fuels to ease crude import strain

The government allowed the use of B-heavy molasses for ethanol production to increase its production

Saudi Arabia says ready to pump more oil to balance global market

The world's top crude exporter, said today it was prepared to use its spare production capacity

Crude breaches $80 a barrel, pressure on RBI to hike rate

Finance and petroleum ministries will meet later this month to discuss excise duty cut

At $76.43 a barrel, Indian basket of crude oil rises highest since Dec 2014

In the month of March, India's oil demand rose by a strong 335 kb/d, contributing to a growth of 360 kb/d in the first quarter.

Crude shock: CAD ghost to haunt India again in FY19 as oil prices soar

Landed price of oil as 20% higher than govt assumption this week

Govt may have to cut excise duty as price freeze hits oil firms' margins

No increase for 13 days even as crude oil prices soar globally

Oil on the boil: Costly crude to hit government, profits of refiners

Consumers will have to pay more for motor fuel (petrol or diesel). Retail prices have already gone up 4 per cent in a month

Crude oil prices will float between $60-70 per barrel in 2018: BS poll

Recently, crude prices went above US$ 70 per barrel and slumped more than 1%

US to overtake Saudi as world's number 2 crude oil producer: IEA

Crude production of 9.9 million barrels per day (bpd) in the US was now at the highest level in nearly 50 years

Reversing crude oil cycle is bad for India

Threats of supply disruption caused by political trouble may add to upside pressures due to supply cuts agreed upon by other Opec members and Russia

Crude oil rises 0.44% to Rs 3,667 per barrel on firm Asian trading

The oil for delivery in January traded higher by Rs 12, or 0.33 per cent, to Rs 3,678 per barrel in 232 lots

Iran bans crude oil transportation to and from Iraq's Kurdistan

Any disregard of the notice will have consequences to the transportation agency, it said

Oil rises as IEA forecast overshadows US crude build

US gasoline prices, however, fell despite a record drawdown in inventories of the motor fuel

Crude oil-sourcing map shows early signs of change

Countries like Chad, Angola and Cambodia make an appearance

Oil hits two-month high on tighter US market, Venezuela sanctions risk

Brent crude futures were at $52.85 per barrel, up 33 cents or 0.6 percent

India's crude oil demand to grow by 5% per year till 2020: Study

The report comes at a time when the country is trying to cut its oil import by 10%

Crude oil futures up 0.75% on positive global cues

Crude oil rose to Rs 3,227 per barrel in futures market as speculators created fresh bets