crude oil

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India’s Import of Crude Oil Increased in January

India is considered as the third highest crude oil consumer in this world and the recent imports of crude have increased to a new record of 4.93 Million barrels per day (MMbpd) in January 2018,…





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$50 Crude Won’t Fuel Big Oil’s Comeback

Bulls grinned on Thursday last week when Brent Crude rallied past the US$50 price mark for the first time in six weeks. The biggest oil companies may have breathed a sigh of relief – well,…



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ONGC over-reported crude oil production by 12%: CAG

State-owned ONGC shelled out Rs 18,787 crore in excess subsidy over 3 years as it ‘over- reported’ crude oil production by 12 per cent, which also resulted in extra payment of peformance related pay to…


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Crude oil futures – weekly outlook: August 8 – 12

Oil futures ended Friday’s session slightly lower, as the U.S. dollar spiked following the release of upbeat U.S. employment data and after a report showed the number of U.S. oil rigs rose for a sixth…


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Crude oil futures up on positive Asian cues

Crude oil rose by Rs 10 to Rs 2,841 per barrel in futures market today as speculators indulged in creating speculative positions, taking positive cues from Asian markets. At the Multi Commodity Exchange, crude oil…