Resume futures trading in crude palm and soybean oil: Industry body to SEBI

Sep 13, 2022

New Delhi [India], September 13 : Domestic edible oil industry body Solvent Extractors' Association of India requested financial market regulator SEBI to resume futures...

"India's ascent to USD 4 trillion economy fueled by robust growth": Hardeep Puri at World Economic Forum

Jan 16, 2024

India, the world's third-biggest oil importer and consumer, is dependent on crude oil from various sources in the global market to meet its domestic...

UBS flags margin risks for Indian OMCs as crude volatility intensifies amid West Asia crisis

Mar 09, 2026

A research note from UBS has flagged rising risks for India's state-owned oil marketing companies as crude oil market volatility intensifies due to geopolitical...

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...

India's Russian crude imports prevented price surge in global oil market

Dec 30, 2023

The report emphasised that these purchases, totalling an estimated 1.95 million barrels per day (b/d), were pivotal in averting potential chaos in the crude...

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...