Numaligarh Refinery's expansion will augment crude refining capacity: Hardeep Puri

Aug 04, 2024

A pipeline of around 1640 km is being laid from Paradip Port to Numaligarh for transporting imported crude. Numaligarh Rfinery's expansion will increase overall...

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...

Brent Crude slides below USD 99/bbl on US-Iran deal hopes

May 25, 2026

Global crude oil prices tumbled sharply as Brent Crude prices slashed amid a potential US-Iran peace deal framework. At the time of filing, Brent...

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...

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...

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...