With 25 blocks on offer across 1.91 lakh square kilometres, this is the largest in terms of acreage offered in a single bid round under the Hydrocarbon Exploration and Licensing Policy.
2 min read03:55 PM ISTOPEC+ will start raising output from April 2025. Oil prices jumped after Donald Trump imposed tariffs over the weekend, while Goldman Sachs kept its Brent forecasts unchanged.
5 min read3 Feb 2025Oil prices reported a weekly loss after Donald Trump’s remarks on US output. Brent lost 2.8 per cent this week, while WTI declined 4.1 per cent in the last five days.
4 min read25 Jan 2025Here’s a quick look at stocks likely to be in focus in today’s trade.
2 min read24 Jan 2025Although shipping will be an issue in the near term due to the sanctions, the situation should ease in a few months, BPCL CMD Krishnakumar said.
3 min read22 Jan 2025The International Energy Agency slightly lowered this year’s global oil-demand outlook, but said it still expects growth to accelerate on lower prices and an improving economic outlook in developed countries.
3 min read15 Jan 2025Brent futures rose $1.40, or 1.8 per cent, to $81.16 per barrel, while US West Texas Intermediate (WTI) crude rose $2.15, or 2.8 per cent, to $78.72.
4 min read13 Jan 2025Brent crude futures settled at $79.76 a barrel, up $2.84, or 3.7 per cent, after crossing $80 a barrel for the first time in three months. US West Texas Intermediate crude futures rose $2.65, or 3.6 per cent
2 min read11 Jan 2025Mangalore Refinery and Petrochemicals Ltd has entered into an agreement to store its crude oil in the caverns of the Indian Strategic Petroleum Reserves Ltd.
2 min read7 Jan 2025During the April-to-November period, petroleum products exports amounted to $44.61 billion, in value terms, a sharp drop from $55.02 billion in the same period last year, according to data from the Ministry of Commerce and Industries.
3 min read1 Jan 2025The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared