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Crude Oil News

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The Mukaab: Inside Saudi Arabia’s $50 billion ‘city within a building’

The Mukaab, Saudi Arabia’s $50 billion megastructure: The Mukaab is part of Saudi Arabia's Vision 2030, aimed at modernizing the country's infrastructure and reducing its reliance on oil. ...
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US: Biden urges Israel to avoid striking Iran's oil fields amid Netanyahu's retaliation missile attack

Amid the ongoing conflict, oil prices have fluctuated sharply, with West Texas Intermediate oil prices initially surging before stabilizing after Biden’s comments. In the wake of discussions about potential Israeli strikes on oil facilities, oil jumped 5% on speculation that su...
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Potential fuel price slash coming soon as crude hits lowest levels since January

The price of benchmark Brent crude fell to $73.6 on Wednesday, hovering around record lows for the year after a 5% decline on Tuesday, largely due to concerns over weak demand growth, particularly in China....
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Oil strategy to buy oil: India's crude deal with Russia

Jaishankar was addressing questions about India's rise in Russian crude oil imports, surpassing China. This increase comes after Western nations imposed sanctions on Russian oil following its invasion of Ukraine in February 2022. ...
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Will Israel launch full-fledged attack on Iran? Middle-east boils with tension | 10 Points

In response to these rising tensions, the United States has significantly bolstered its military presence in the region. This move is intended to deter aggression from both sides and reassure its allies of its unwavering commitment to maintaining stability and security in this vo...
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PetroDollar: A story of oil, money, power and global economic dominance

In 1979, the US and Saudi Arabia established the United States-Saudi Arabian Joint Commission on Economic Cooperation, agreeing to use US dollars for ...
US President and Saudi Arabia king

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 ...
Venezuela to supply crude oil to India

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....
Venezuela to supply crude oil to India

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 un...
Venezuela to supply crude oil to India

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 a...
Red Sea crisis

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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