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AA Edit | Amid Crude Surge, Strive For Energy Independence

AA Edit | Amid Crude Surge, Strive For Energy Independence

The average price of India’s crude basket is at $115 a barrel, which is at least $45 more than the price ($70) the...

29 March 2026 11:03 PM IST

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Ambani's RIL makes first purchase of US crude oil

Reliance bought 1 mn barrels each of West Texas Intermediate or WTI Midland and Eagle Ford crude.

3 Oct 2017 1:30 PM IST

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said. (Representational Image/AFP)

Oil prices drop as oversupply looms amid global market woes

The global benchmark is on course for a weekly loss of over 4 per cent.

26 Oct 2018 12:41 PM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil prices rise on signs that Iranian crude exports fall further

US West Texas Intermediate (WTI) crude futures were down by 24 cents, or 0.3 per cent, at $74.53 a barrel.

9 Oct 2018 10:43 AM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Oil dips, but concerns persist about Iran supplies

Global benchmark Brent crude futures were down 13 cents, or 0.2 per cent, at $74.61 a barrel.

27 April 2018 8:42 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices rise to USD 75 a barrel, highest since 2014

One of the factors limiting the oil rally is rising US production.

24 April 2018 4:54 PM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Oil near late-2014 highs as Saudi pushes for higher prices

Oil prices have the potential to rise another 15 per cent over the remainder of 2018.

19 April 2018 9:57 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil prices drop on worries about oversupply

Brent crude oil was down 19 cents, or 0.3 per cent, at $72.87 a barrel, after settling down 1 cent.

24 July 2018 10:15 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Oil prices fall as Trump demands OPEC reduce pricing now'

OPEC together with a group of non-OPEC producers led by Russia started to withhold output in 2017 to prop up prices.

5 July 2018 9:45 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil prices climb on tightening US market

US crude inventories fell by 4.5 million barrels in the week to June 29 to 416.9 million barrels.

4 July 2018 8:51 AM IST

Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil futures decline nearly 1 pc on weak global cues

Analysts said the fall in crude oil futures was mostly due to trimming of positions by traders amid weak global cues.

30 Oct 2019 1:26 PM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Crude oil futures gain on domestic demand

On the Multi Commodity Exchange, crude for delivery in November traded higher by Rs 11, 0.28 per cent, at Rs 3,959 per...

24 Oct 2019 1:49 PM IST