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Globally West Texas Intermediate crude oil for February delivery slumped 45 cents or 1.43 per cent to USD 30.96 a barrel.

India Optimistic About Russian Oil Supply Amid US Sanctions

New Delhi: As the US Treasury imposed sanctions on Russian oil producers last week, India, the world's third-largest oil...

13 Jan 2025 3:29 PM

India needs to cut energy imports

India needs to cut energy imports

Chennai: India has to provide renewed focus on crude oil exploration and improving production capacity, technology and...

17 Jun 2024 12:55 PM

The Charminar police seized Rs 37 lakh unaccounted cash from two persons on Thursday midnight. In another instance, Central Zone task force sleuths seized Rs 10 lakh cash at Goshamahal on Friday. The cash was handed over to the income-tax department. (Representational image)

Government Significantly Reduces Windfall Profit Tax on Crude Oil and...

New Delhi: The government on Monday cut the windfall profit tax significantly on crude oil produced in the country and...

19 Dec 2023 11:02 AM

With the Russia-Ukraine war getting prolonged, New Delhi has been looking at ways to soften the blow that it received in the form of three-digit crude oil price. (Representational image: Twitter)

Centre cuts windfall tax on domestic crude oil

The government has also cut the rate on export of diesel to Rs 5 per litre from Rs 8 per litre

16 Dec 2022 6:54 AM

IT minister K.T. Rama Rao on Friday castigated the Narendra Modi government at the Centre, as ITIR project for Hyderabad stood scrapped. (Photo: Twitter

KTR slams PM Modi, Centre over high fuel price

Hyderabad: TRS working president and IT minister K.T. Rama Rao lashed out at Prime Minister Narendra Modi and the BJP...

25 Aug 2022 1:25 AM

White House press secretary Jen Psaki speaks during a press briefing at the White House, Friday, March 18, 2022, in Washington. (AP)

United States expresses displeasure at Russia oil deals

The US said it is in touch with India on the matter and sent a thinly-veiled message

20 March 2022 1:23 AM

India has to keep focussing on competitive energy sources and it welcomes offers from all oil producers as geopolitical developments have posed significant challenges to the countrys energy security, sources said. (Representational Image/PTI)

India-'s legitimate energy transactions should not be politicised:...

Russia has made the offer to India and many other countries after the US last week banned all Russian oil and gas...

18 March 2022 6:07 PM

Major oil producers continue to pump in enormous amounts of crude oil leading to an unprecedented supply glut.

The great fall of black gold

Crude oil has been called black gold for nearly over a century.

12 Jan 2016 10:20 PM

Polinomics: An oily affair

Polinomics: An oily affair

Not all the countries or regions mentioned are major producers and exporters of crude oil

26 Aug 2014 4:46 AM