Monday, Aug 08, 2022
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Industry Welcomes Deregulation Of Locally Produced Oil

Industry Welcomes Deregulation Of Locally Produced Oil

The government on June 29 allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuels such as petrol and diesel

30 June 2022
China To Subsidise Refiners If Global Oil Prices Surpass $130

China To Subsidise Refiners If Global Oil Prices Surpass $130

The move will safeguard the stable supply of fuels, alleviate the burden on downstream enterprises and consumers, and lower the operating costs of the real...

29 June 2022

Govt Gives ONCG, Vedanta Freedom To Sell Crude Oil

While contracts for oilfields awarded since 1999 gave producers the freedom to sell oil, the government fixed buyers for crude produced from older fields, such...

India's Crude Oil Production Falls 1% In April

India's Crude Oil Production Falls 1% In April

India produced 2.47 million tonnes of crude oil in April, down from 2.5 million tonnes in the same month last year

24 May 2022

Core Sector Growth Slows Down To 4.3% In March

The growth rate of the eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded...

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