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Home / Posts tagged oil

Saudi Arabia needs $80-85 per barrel oil price to balance its 2019 Budget: IMF

OPEC’s biggest producer Saudi Arabia would need oil prices at US$80-85 per barrel in order to balance its 2019 budget, Jihad Azour, Director of the Middle …

February 15, 2019 | ENERGY, Policy

South Africa oil discovery could be a game changer

One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s offshore—has just yielded a massive natural gas and …

February 12, 2019 | ENERGY, Must Read, Policy

India’s Natural Gas production up 4.2% in December 2018

India’s natural gas production increased by 4.2 per cent to 2.87 billion cubic meters (bcm) in December 2018 over a year ago. Natural gas production by …

January 30, 2019 | ENERGY, Policy

India maintains oil trade with key supplier Venezuela despite crisis

India continues to trade with Venezuela, a key crude oil supplier, despite the ongoing crisis in Venezuela, India’s Financial Express reports. Venezuela’s …

January 28, 2019 | ENERGY, Policy

India set to overtake China to become the second largest oil consuming country: Wood Mackenzie Report

India will surpass China to become the second largest oil demand growth centre globally in 2019 on back of buoyant auto fuel and LPG consumption, research and …

January 25, 2019 | Editor's Choice, ENERGY, Must Read, Policy
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India’s trade deficit shrinks to 10-month low

India’s trade deficit shrank to the lowest in 10 months in December 2018 as lower crude oil prices and falling gold demand reduced the burden on the import …

January 23, 2019 | AGRICULTURE, Policy

India exempts rupee payments made to Iran’s National Oil Company from taxes

The government of India has exempted rupee payments made to Iran’s National Oil Company (NIOC) towards the purchase of crude oil from payment of any tax, …

January 6, 2019 | ENERGY

India’s diesel demand to double by 2029-30, government says

India’s diesel demand is likely to double to 163 million tonnes (MT) in 12 years as consumption rises in the world’s fastest-growing economy, Oil …

January 6, 2019 | ENERGY

India’s April-November 2018 trade deficit widens to $129 billion

India recorded a $16.67 billion trade deficit in November 2018, taking overall trade deficit for the first eight months of the 2018-19 financial year to …

December 20, 2018 | Policy

Iran loses market share in India as its Oil exports slump in November 2018

India’s oil imports from Iran dropped to a one-year-low in November, plunging by 41 per cent from October due to the U.S. sanctions, Reuters reported, …

December 14, 2018 | ENERGY, Policy
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Recently Added

U.S. warns the world including India against buying Venezuelan oil

India’s soybean output to increase by 38% this year on higher yields

India’s gold imports jump 64% in January despite prices hitting 5-year high

US, Canada accuse India of misreporting Minimum Support Price on pulses at WTO

India’s cashew kernel exports may fall 20% in FY19: CEPCI

Saudi Arabia needs $80-85 per barrel oil price to balance its 2019 Budget: IMF

US FDA cracks down on India’s shrimp shipments over banned antibiotics

Indian exports to China surge in wake of US-China trade war; agri-exports to China increase by 70% till Nov 2018

India’s crude steel output declines 4% to 8.99 million tonnes in January 2019

USDA lowers corn and soybeans domestic stocks of its last forecast

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Five things to watch in 2019 for global metals industry: Wood Mackenzie
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Must Read

South Africa oil discovery could be a game changer
One of the promising hotspots for oil and gas exploration drilling this year—South Africa’s o
U.S. tells Iran’s oil customers including India not to expect new waivers
Iran’s oil customers should not expect new U.S. waivers in May, the U.S. Special Representative
Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India
Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national
India’s central bank cuts repo rate by 25 basis points, changes stance to 'neutral'
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has reduced repo rate by 25 b
Vedanta says its Anglo American stake buy meets India's criteria
Vedanta, the natural resources company controlled by Anil Agarwal said  its foreign subsidiary
India’s interim budget 2019-20 offers cash dole to small farmers before general election
Pitching a strong re-election bid, India’s BJP-led NDA government announced the biggest income
US lifts Rusal sanctions; aluminium prices fall; supply to increase
The US government’s widely expected decision late Sunday to lift sanctions on Russia’s UC Rus
Global crude steel output increased by 4.6% in 2018 - worldsteel
Global crude steel production reached 1,808.6 million tonnes (Mt) for the year 2018, up by 4.6% c

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