AI generated image, used only for representational purpose Every next electric vehicle in India will reduce not just petrol usage, but also help cut down the country’s crude oil import bill! According to a recent report by State Bank of India (SBI), the country could save nearly Rs 1 lakh crore if electric vehicles account … Read more
[ad_1] The Master and crew of MT Sanmar Herald receive a welcome at Paradip Port after navigating conflict-hit waters and reaching India safely. A crude oil tanker that sustained shrapnel damage while navigating the conflict-hit Middle East safely arrived at Odisha’s Paradip Port after a challenging voyage from Iraq.The MT Sanmar Herald, carrying Basrah Medium … Read more
Sensex Today Live: ‘Technical setup remains positive with a bullish undertone’ “Indian equity markets are expected to open on a positive note, with Gift Nifty trading at 24,205, up by 120 points. However, broader Asian markets are witnessing weakness in early trade, with sharp declines seen across major indices including the Nikkei 225 and KOSPI … Read more
It is clear that Russia continues to be India’s single most important crude supplier and remains at the core of the country’s import strategy. (AI image) The US-Iran war has pushed India’s crude oil imports from Russia to an all-time high – beyond levels seen when Russian crude was available at big discounts in the … Read more
Brent crude futures rose 33 cents, or 0.45%, to $73.28 a barrel, while US West Texas Intermediate (WTI) crude gained 34 cents, or 0.49%, to $69.84 a barrel. Crude oil prices rose on Wednesday as stalled talks between Iran and the US over a final agreement to end their conflict renewed concerns over crude supplies … Read more
Oil prices were on track on Tuesday for their biggest quarterly decline since the early months of the Covid-19 pandemic in 2020, as investors closely monitored the possibility of fresh US-Iran talks amid growing uncertainty over a fragile ceasefire agreement.Brent crude futures for August delivery, which expire on Tuesday, rose 12 cents, or 0.16%, to … Read more
The world’s third-largest oil importer received around 2.70 million barrels per day (bpd) of Russian crude during June India’s imports of Russian crude oil climbed to a record high in June as refiners increased purchases of discounted barrels to offset supply risks linked to disruptions around the Strait of Hormuz, according to preliminary ship-tracking data … Read more
AI generated image, used only for representative purpose Oil prices continued to ease on Tuesday as markets tracked the outcome of potential US-Iran engagement in Doha, even as weekend missile exchanges signalled instability. This comes after the two sides reached an interim peace deal aimed at ending the four-month conflict.Around 7 am IST, WTI crude … Read more