Energy Strain
The escalation in American sanctions on Russian oil producers and vessels presents a significant challenge for India’s energy landscape.
The escalation in American sanctions on Russian oil producers and vessels presents a significant challenge for India’s energy landscape.
Crude oil deliveries from Russia's Druzhba pipeline to the Czech Republic resumed on Friday after two days of interruption, according to Czech refiner Orlen Unipetrol.
As we move into the second half of the fiscal year, the Reserve Bank of India’s (RBI) forecast of a 4.5 per cent average inflation rate brings some optimism.
Iraq exported about 108.053 million barrels of crude oil in July, the country's Oil Ministry announced Thursday.
The global oil market has become a battleground of sanctions and strategic manoeuvres.
Further, sources said that some other countries are also likely to come with such measures to cool off crude oil prices in the international market.
On the Multi Commodity Exchange, CRUDE oil for the October delivery dropped by Rs 154, to Rs 5,662 per barrel with a business volume of 8,389 lots.
Inflation in food articles in March was 3.24 per cent as prices of pulses, fruits and paddy hardened.
Earlier, the petrol and diesel prices increased 26 times in 2021 with the two auto fuels increasing by Rs 7.46 and Rs 7.60 per litre respectively so far this year.
The oil cartel and its allied nations agreed to add back some 2 million barrels per barrel per day of oil production from May to July.
