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Reuters
February 22, 2021
Brent crude was up 51 cents, or 0.8%, at $63.42 a barrel by 0945 GMT, after gaining nearly 1% last week. U.S. oil rose 45 cents, or 0.8%, to $59.69 a barrel, having fallen 0.4% last week


Reuters
February 22, 2021
Asia's third-largest economy imported about 4.8 million barrels per day (bpd) oil in January, a decline of 6% from the previous month and marginally higher than a year earlier


Reuters
February 20, 2021
Crude oil throughput in January rose 0.6% year on year to 5.16 million barrels per day (21.81 million tonnes), the highest since November 2019, according to provisional government data


Reuters
February 19, 2021
The lack of demand from refineries will likely lead to builds in crude stocks over coming weeks, even though around 3.5 million barrels per day (bpd) of US oil output has been shut


PTI
February 2, 2021
India cut the basic import tax on crude palm oil to 15% from 27.5%, but imposed a 17.5% \"cess\" - a separate tax - on the imports, Sitharaman said in her federal budget speech


Ashutosh Kumar
January 21, 2021
The ruling BJP has suggested Finance Minister three-pronged strategy for value maximisation of the PSU, which includes asset monetisation, better corporate governance and restrain from announcing disinvestment target


Rashi Bisaria
New Delhi, January 20, 2021
India's oil imports reach 3-year high in Dec 2020 at 5 million bpd India's crude oil imports in December soared to the highest levels in nearly three years to more than 5 million barrels per day (bpd) as its refiners cranked up output to meet a rebound in fuel demand, data from trade sources showed. India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally. SC ...


Reuters
January 20, 2021
India's year-end rush for crude supplies coincided with stronger demand from north Asian buyers during winter, boosting prices and an accelerating de-stocking of floating storage globally


Reuters
December 15, 2020
India imported 618,468 tonnes of palm oil in November, down from 672,363 in the same month last year, the Solvent Extractors' Association of India said in a statement


Reuters
December 14, 2020
Gasoil consumption in India, which has been one of the primary drivers for Asian demand for the fuel in recent weeks, alongside steady growth in overall fuel sales, has prompted the country's refiners to ramp up capacity


Reuters
November 30, 2020
The bank, however, said it expects the winter wave to hit global oil demand by at least 3 million barrels per day, partially offset by heating, restocking and demand in emerging markets


Reuters
November 27, 2020
Higher imports by India, the world's biggest buyer of palm oil, will support benchmark Malaysian palm oil prices that hit their highest level in eight years this month, but could weigh on U.S. soyoil futures


Reuters
November 16, 2020
India's diesel consumption, which accounts for about 40% of overall refined fuel sales in the country and is a key parameter linked to its economic growth, had risen for the first time in eight months in October


PTI
November 13, 2020
India's monthly palm oil imports could dip to 600,000 tonnes in January from around 750,000 tonnes in October if the current narrow price gap remains, said a Mumbai-based dealer with a global trading firm


Reuters
October 28, 2020
Domestic aviation fuel sales amounted to about 2 million tonnes (523,300 barrels per day) last month, the highest since February and slightly below January


Nirbhay Kumar
October 13, 2020
All ministries and departments have been asked to expedite asset monetisation exercise and meet the timelines set for each project


Reuters
October 2, 2020
Venezuela's production has collapsed over the last several years, and US sanctions have squeezed its ability to sell oil to international buyers, including Reliance Industries


Reuters
September 26, 2020
A proposal drafted by NITI Aayog, a federal think tank chaired by Prime Minister Narendra Modi, said India could slash its oil import bills by as much as $40 billion by 2030 if electric vehicles were widely adopted


Reuters
September 7, 2020
The Organization of the Petroleum Exporting Countries (OPEC) and its allies including Russia, a group known as OPEC+, eased production cuts from August to 7.7 million barrels per day after global oil prices improved from historic coronavirus-linked lows


BusinessToday.In
September 6, 2020
The government is also thinking of making it compulsory to install EV charging kiosks at all Company-Owned, Company-Operated (COCO) petrol pumps of state refiners


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