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POL imports up 18.4% in June; oil import bill falls to $10 billion despite crude rise
17 Jul 2025 05:51 GMT
… petroleum gas (LPG), naphtha and petcoke.
Crude and LNG trade
Crude oil … sector and joint venture refiners processed 14.8 MMT … 6 MMT.
Petroleum products and exportsProduction of petroleum products was … milestoneEthanol blending in petrol reached 19.9 per …
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‘We will buy oil from wherever we have to': India minister Puri on Trump’s secondary sanctions threat
17 Jul 2025 07:52 GMT
… cent tariffs on Russian exports, including oil, expressing his displeasure with … oil from “source 1 or 2,” the Minister of Petroleum … like this happens, Indian refiners will have no other option … lost supply. However, these barrels will come at a higher …
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Nigeria Hits OPEC 1.5mb/d Oil Production Quota
17 Jul 2025 07:48 GMT
… ’s crude oil production soared a little above 1.5 million barrels per … the Petroleum Exporting Countries (OPEC).
Data sourced from OPEC’s latest Monthly Market Oil Report … nation enjoyed 100 per cent crude oil pipeline availability throughout June.
According …
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Comment: Texas paying the price for handouts to oil, gas industry
17 Jul 2025 08:43 GMT
… Subsidies for liquefied natural gas exporters amount to billions more, … to undermine these fossil-fuel competitors at every turn … it gives to fossil fuels toward strengthening infrastructure and … lives. Those billions in oil and gas handouts would buy …
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Azerbaijan boosts oil exports in first half of 2025
17 Jul 2025 06:44 GMT
… in its oil exports, reaching 12.05 million tons of crude oil and petroleum products … rise in the volume of crude oil exports compared to the same period … .6%, News.Az reports.
Crude oil and petroleum products made up 49.8% …
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India can secure oil even if Russian imports sanctioned, says Oil Minister Puri
17 Jul 2025 07:57 GMT
Union Minister for Petroleum and Natural Gas Hardeep … hit by secondary sanctions, Oil Minister Hardeep Singh Puri said … that countries purchasing Russian exports could face sanctions if … this year, with private refiners Reliance Industries and Nayara Energy …
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Trump’s plan to cut off Russian oil funds could raise prices for everyone
17 Jul 2025 05:38 GMT
… s more than 7 million exported barrels of oil per day abruptly disappear … stepped up purchases of discounted fuel.
Three and a half … be replaced – are huge.
Russian crude accounts for 36% of India … Russian oil, then where can we find the supplement? OPEC has …
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Malaysia hikes August crude palm oil reference price, raising duty to 9%
17 Jul 2025 07:24 GMT
… its August crude palm oil reference price, a change that raises export duties … .
Malaysian palm oil up tracking rival soyoil
The export tax structure starts … at 3% for crude palm oil when …
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UAE navigates global tariff storm with oil stability, fiscal strength
17 Jul 2025 05:09 GMT
… tariff escalation, the exemption of crude oil from US tariffs protects a … the country to maintain stable export flows at a time … Concurrently, the latest developments within OPEC+ may play in the UAE … unexpected increase of 548,000 barrels per day in August as …
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The impossible trinity of dollar weakness, subdued crude oil price & INR depreciation
17 Jul 2025 08:09 GMT
In 2025, both dollar and oil prices have slipped to levels last seen more than three-years ago, which should have resulted in INR strength. However, USDINR has remained range-bound and even registered a mild depreciation over the last one year. The INR …