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Oil Producer

Leaders of the G-7 countries at the G-7 Summit in Germany

G-7 Announces Further Sanctions On Russia, Calls For Infrastructure Fund To Counter China’s BRI

G-7 takes a leaf out of China’s book and announces infrastructure projects in developing countries to balance China’s BRI. The price cap on Russian export of oil is a complex issue that will be difficult to implement.

27 June 2022

UK PM Boris Johnson Calls On World To Wean Off Russian Oil, Gas

Johnson is scheduled to meet with leaders in Abu Dhabi and Riyadh for talks on energy, regional security and humanitarian relief as part of what Downing Street described as the UK's efforts to galvanise global action on the...


 India's total imports of edible oils surged to a record Rs 1.17 lakh crore in 2020-21.

Oil Industry Weighs Options To Import Edible Oils From Other Countries Amid Russia-Ukraine Crisis

Industry players expect prices of cooking oils to remain stable as the supply of domestic mustard oil will improve from next month. Harvesting of mustard seeds crop is about to start.


Crude Oil.

India's Oil Import Bill Doubles To $119 Billion In FY22 Amid Soaring Energy Prices

India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.

24 April 2022

ONGC, OIL, IOC, and BPCL collectively hold a 49.9 per cent dividend stake in Vankor.

SWIFT Ban, Sanctions On Russia To Hurt Indian Oil Companies: Report

Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to the report. 


Brent crude surged 3.56 per cent to $98.79 per barrel.

Oil At 8-Year High Amid Russia-Ukraine Crisis: Report

In India, the shares of oil companies—ONGC and Oil India Limited jumped as much as 2 per cent to hit an intraday high of Rs 166.50 and Rs 224 respectively. 

22 February 2022

The bids made by institutional investors are worth Rs 4,854 crore based on the indicative price.

ONGC Share Sale Fully Subscribed, Government To Get Rs 3,000 Crore Next Fiscal

The government is selling up to 1.5 per cent of its stake in the country's top oil and gas producer ONGC at a floor price of Rs 159 per share.

31 March 2022

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 Cairn Oil & Gas, a unit of Vedanta Ltd, holds 100 per cent participating interest in the block.

Cairn Vedanta Makes Oil Discovery In Rajasthan block

The block is one of the 41 areas that the company had won in the first round of the open acreage licensing policy (OALP) bid round in October 2018.

21 February 2022

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21 February 2022
SEA Asks Edible Oil Players To Reduce Minimum Retail Price

SEA Asks Edible Oil Players To Reduce Minimum Retail Price

This is the second time the industry body is requesting its members to cut MRP. Last time, it had asked its members to reduce MRP on edible oils by Rs 3-5/kg...


04 February 2022
India To Double Down On Oil, Gas Exploration, Says Hardeep Singh Puri

India To Double Down On Oil, Gas Exploration, Says Hardeep Singh Puri

The world's third-largest energy consumer will continue to rely on hydrocarbons to meet its growing energy needs in the foreseeable future, he said at the...


23 October 2021
Major Oil Producer Saudi Arabia Aims To Achieve Net-Zero By 2060

Major Oil Producer Saudi Arabia Aims To Achieve Net-Zero By 2060

The announcement only pertains to Saudi Arabia's efforts within its national borders, and does not impact its continued aggressive investment in oil and...


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