New Delhi: State-run Oil and Natural Gas Corp. Ltd (ONGC) has signed a memorandum of understanding (MoU) with bp for collaboration in exploration and production of oil and gas, energy trading and other segments in the energy business both in India and internationally. The MoU was signed on Monday on the eve of the India … Read more
2025-01-29 05:00:00 : New Delhi: Private fuel retailers are reducing prices and falling into the market share of its public sector, and use cheaper Russian crude oil as customers. Since March 2024, the government owned by the government (OMC), which has occupied fuel retail in India, has not touched the price Bleak5 in some areas. … Read more
New Delhi: The United States has clarified to India that tankers loaded with Russian oil have to discharge by February 27 under the latest sanctions targeting Moscow’s oil revenue, India’s oil secretary Pankaj Jain told reporters at an event. Washington this month imposed sweeping sanctions targeting Russian producers and tankers, disrupting supply from the world’s … Read more
Mumbai: Union Minister Hardeep Singh Puri on Friday said that India would continue buying crude oil from Russia if it is available at a discount emphasising that the government is “committed” to buying the most economically-priced crude oil. “We used to buy less than 0.2 per cent from Russia in February 2022. Now, we are … Read more
2025-01-22 23:36:00 : Crude oil shipments are likely to become an issue for international energy markets as the United States announces new sanctions on two Russian oil producers and several vessels, but as the United States plans to produce more oil under Donald Trump’s presidency, So this is unlikely to happen. This has a significant … Read more