Saudi Arabia said that two Saudi oil tankers were among vessels targeted by a 'sabotage attack'Saudi Arabia and the UAE are the largest and third-largest producers
2 min read13 May 2019The move will help refiners to boost purchases from alternative sources as Donald Trump prepares to halt Iranian oil sales through a new set of sanctions from 4 November
2 min read25 Sep 2018Two oil refiners have issued tenders seeking to charter tankers for at least five years while giving preference to Indian companies that may boost domestic shipping firms
1 min read4 Dec 2017IndianOil-AOD will move kerosene, diesel from Betkuchi depot in Guwahati to Dharmanagar depot in Tripura in the first consignment through Bangladesh on 9 September
2 min read7 Sep 2016Iran plans to lift exports by 500,000 bpd post-sanctions and gradually raise shipments by the same amount again, adding to a glut of global oil
3 min read15 Jan 2016A more than sevenfold jump in March quarter profits was aided by lower bunker prices and higher rates for crude oil tankers
1 min read22 May 2015Renewal would be major relief for India, which has struggled to find oil tankers, and Iran, which has been hit by Western sanctions
3 min read6 Apr 2015Despite a partial US ban on exporting crude and dwindling storage capacity, this may not be the year that America begins drowning in oil
4 min read31 Mar 2015The price structure, contango, hasn't translated into vessels being hired for storage so far; analysts says it still needs to get bigger
3 min read15 Jul 2014Nato supplies through Pakistan border resume
3 min read10 Oct 2010The 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