The Price of Olive Oil Is Too Damn High
Olive oil has many known benefits, from the subtle taste it imparts to food to its status as a heart-healthy food. In recent months, due to weather-related shortages, the cost…
India’s Oil Deals with Russia Erode Decades-Old Dollar Dominance
Indian customers have paid for most Russian oil in non-dollar currencies. (File)New Delhi: US-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade…
ONGC To Invest $2 Billion To Drill Record 103 Wells In Mumbai Offshore
India imports over 85 per cent of the crudex oil, which is converted into petrol and diesel. (File)New Delhi: India’s top oil and gas producer ONGC will invest over USD…
India’s Soaring Russian Oil Imports Render Rupee Trade Futile: Report
Russia is now the biggest supplier of crude oil to India overtaking Iraq and Saudi Arabia.India’s love for discounted Russia oil is widening its trade deficit with Moscow and the…
Relationship With India Is Solid: OPEC Secretary General
OPEC Secretary General said the collective decision to cut output in October was the right move. (File)Bengaluru: The relationship between India and Organization of Petroleum Exporting Countries (OPEC) is solid…
Renewable Energy Sector To See Investment Worth $25 Billion In 2023
At present, India has around 173GW of non-fossil fuel based clean energy capacity. (File)New Delhi: With an oil price shock threatening to derail economies globally, the focus has shifted to…
The Quest to Defuse Guyana’s Carbon Bomb
In March 2015, the Deepwater Champion rig was at work for Exxon Mobil, exploring for oil in the Atlantic Ocean 120 miles off the coast of Guyana, drilling below 6,000…
Oil Futures Fall, But Set For Biggest Weekly Gain Since October
Oil benchmarks are on track for their biggest weekly gains since early October.(File)Oil dipped today as the market assessed the aftermath of interest rates hikes at central banks, but was…
Russian Oil Sold To India At Deeper Discounts, Below Price Cap: Report
Russia has said it will not abide by the cap even if it has to cut production.(Representational)New Delhi: Russia’s flagship Urals crude has been sold at deeper discounts this month…
Russia Emerges As India’s Top Oil Supplier In November, Replaces Iraq
Russia replaces Iraq as top oil supplier to India in NovNEW DELHI: Russia has for the first time emerged as top oil supplier to India replacing Iraq as refiners last…