"First oil extracted...30 kilometres off the coast of Kakinada in Krishna Godavari Basin": Hardeep Puri on new crude discovery in India

Jan 08, 2024

State-owned oil company ONGC has commenced "first oil" production from Krishna Godavari Deep-Water Block 98/2 in the Bay of Bengal, marking new crude discovery...

IOCL, BPCL joint venture discovers light crude oil in Abu Dhabi's Onshore Block 1; Hardeep Puri hails breakthrough

Jan 14, 2026

In a boost for India's energy footprint, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Wednesday announced the discovery of light...

Duty reduction on crude edible oils beneficial for both refiners, consumers: CareEdge

Jun 22, 2025

On May 30, 2025, the government announced a reduction in the Basic Customs Duty (BCD) on key imported crude edible oils -- Crude Palm...

Industry body urges Centre to allow futures trading in crude palm, soybean oil

Nov 25, 2024

Edible oil industry body has once again requested the government to reconsider resuming futures trading in internationally traded commodities like crude palm oil and...

Centre reduces standard rate of duty on edible oils

Sep 11, 2021

New Delhi [India], September 12 : The Centre on Saturday reduced the standard rate of duty on crude palm oil, crude soyabean oil to...

UAE supplies 40.8 pc of Japan's oil imports in May

Jun 30, 2025

The United Arab Emirates was Japan's top crude oil supplier in May 2025, providing Tokyo with 30.42 million barrels of crude oil, according to...