India cuts windfall tax on crude oil

Jul 20, 2022

New Delhi [India], July 20 : The central government on Wednesday cut the windfall tax on crude oil to Rs 17,000 per tonne from...

India could cut fuel import bill by USD 3 billion by switching to Venezuelan crude: SBI Report

Feb 04, 2026

India's crude oil import bill could decline by up to USD 3 billion annually if the country shifts a portion of its crude sourcing...

Crude oil prices expected to decline to USD 50 per barrel by June 2026: SBI report

Jan 06, 2026

Global crude oil prices are expected to soften significantly in 2026, with Brent crude likely to decline to around USD 50 per barrel by...

Crude oil imports from Russia decline, uptick from US: Economic Survey

Jan 29, 2026

The Economic Survey 2026 has highlighted a notable increase in terms of imports of crude oil from the United States (US) as compared to...

Global crude oil prices decline on fears of recession, weak demand outlook

Jun 21, 2022

New Delhi [India], June 21 : International crude oil prices have come off their recent highs and declined on fears of the possibility of...

Crude oil prices may fall to USD 79/barrel by 2027: US Energy Administration

May 14, 2026

Global crude oil prices are expected to decline to an average of USD 79 per barrel by 2027 as oil production in the Middle...