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Crude Oil News

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Saudi Arabia ditches 50-year Petro-dollar deal with US, in talks with China over oil sales

Saudi Arabia has ditched 50-year Petro-dollar deal which saw US Military protection in exchange for oil trade using world reserve currency. According to recent reports, Saudi Arabia is in constant talks with Beijing to price some of its oil sales to China in yuan, which could den...
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Red Sea Crisis: Crude oil prices on upward trajectory following US-UK strikes on Houthis

Red Sea Crisis: The re-routing of ships from Asia to Europe is causing delays of around 10 days, incurring additional costs of USD 1 million per ship. ...
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ONGC hits crude jackpot: First oil extracted 30 kilometres off Kakinada coast

ONGC's achievement in extracting the first oil from the Krishna Godavari basin signifies a major stride towards India's energy self-sufficiency and underscores the strategic importance of domestic oil production....
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Venezuela to supply crude oil to India in exchange for pending dividend

Venezuela to supply crude oil to India: The move follows the US's easing of sanctions on Venezuela's oil sector in October, opening avenues for such agreements....
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Red Sea crisis: Potential disruption for India's oil imports? Here’s what analysts say...

India imports most of its crude from the Gulf through the Strait of Hormuz. Amid the Red Sea crisis, will India suffer disruption? Read here......

Petrol and Diesel price on October 7: Check out the prices for your city

The oil companies reveal the prices of petrol and diesel every day at 6 am, regardless of whether there has been any change or remained constant. H...

Petrol, Diesel prices for September 23: Check out the fuel rates for your city

The prices for Petrol and diesel on September 23 mostly remained unchanged in the country. In Delhi, petrol price today stood at ₹96.72 per litre...

Russia Takes the Lead as India’s Biggest Oil Supplier

Despite the ongoing crisis between Ukraine and Russia and Western economic sanctions, Russia’s oil commerce with India and China continues to...

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