INDIA CRUDE PURCHASES
Rupee falls 5 paise to 83.54 against US dollar in early trade The rupee depreciated 5 paise to 83.54 against the dollar due to high crude prices, starting at 83.52. Positive equities, foreign fund inflows supported. Amit Pabari noted pressures like crude at USD 87. S&P's YeeFarn Phua mentioned fiscal deficit r...
04 Jul, 2024, 10.09 AM ISTIndia's June palm oil imports rise to 6-month high on lower prices India's palm oil imports rose in June due to strong demand before festivals. Refiners played a key role, potentially impacting Malaysian palm oil futures. Sunvin Group highlighted palm oil's competitive pricing. The country's edible oil imports incr...
02 Jul, 2024, 05.06 PM ISTBPCL sees nearly flat annual crude processing, executive says Bharat Petroleum Corp (BPCL) anticipates no major changes in its annual crude processing for the current fiscal year despite a planned maintenance shutdown. BPCL will temporarily close a 120,000 bpd crude unit at its 310,000 bpd Kochi refinery for a...
27 Jun, 2024, 11.37 AM IST- ADVERTISEMENT
Rupee rises 6 paise to 83.37 against US dollar in early trade Rupee remains steady at 83.37 against the US dollar driven by various factors including foreign capital inflow, equity market performance, and positive economic indicators.
19 Jun, 2024, 10.25 AM ISTRussia boosts oil revenues as shipping and trading network grows Russian oil exporters are selling oil to India at higher prices than at any time since the start of the Ukraine war, as more shippers and traders participate in the trade, weakening the impact of Western sanctions. The exporters have had to offer de...
14 Jun, 2024, 06.06 PM ISTRupee opens flat against US dollar in early trade The rupee is expected to swing within a range of 82.90 to 83.70, influenced by Foreign Institutional Investors, capital markets, and anticipated inflows like Reliance Infrastructure raising USD 350 million.
11 Jun, 2024, 10.09 AM ISTRupee surges 38 paise to 83.04 against US dollar in early trade The rupee strengthened to a three-month high of 83.04 against the US dollar on Monday, supported by positive sentiment in domestic equity markets fueled by strong macroeconomic data and exit poll results favoring PM Narendra Modi's government.
03 Jun, 2024, 10.09 AM ISTRupee falls 9 paise to 83.27 against US dollar in early trade Rupee depreciates 9 paise to 83.27 against USD on negative equities and high oil prices, influenced by domestic market sentiment and USD strength. Rupee opened at 83.22, traded at 83.27. Dollar index at 104.72, Brent crude at USD 84.40. Sensex down ...
30 May, 2024, 10.53 AM ISTRupee falls 9 paise to 83.27 against US dollar in early trade The rupee declined to 83.27 against the US dollar on Wednesday, driven by negative equities trend and elevated crude oil prices, with interventions from RBI and anticipation of Lok Sabha election results.
29 May, 2024, 10.08 AM ISTReliance signs deal with Russia's Rosneft to purchase oil in roubles Reliance Industries has signed a one-year deal with Russia's Rosneft to purchase at least 3 million barrels of oil monthly in roubles. This agreement, following President Putin's push for alternative financial systems amid Western sanctions, secures...
28 May, 2024, 04.57 PM ISTSovereign yield falls to near 1-year low post RBI's dividend payout The yield on the 10-year benchmark government security closed at 6.978%, its lowest level since June 6, 2023, LSEG data showed. The 10-year bond yield had closed at 6.98% on Friday. Bond prices and yields move inversely.
28 May, 2024, 05.53 AM ISTOil prices stable as markets believe major stakeholders don't want hostilities to escalate: Hardeep Singh Puri Global oil prices holding at $82/barrel despite OPEC supply cuts, wars, and uncertainties. Oil minister Hardeep Singh Puri believes major stakeholders don't want hostilities to escalate, maintaining supply-demand equilibrium. OPEC and allies control...
22 May, 2024, 03.28 PM ISTIndia's Russian oil imports rise to nine-month high in April India's Russian oil imports surged to a nine-month peak in April as shipments resumed on non-sanctioned tankers, largely operated by Sovcomflot. Indian refiners imported nearly 1.8 million barrels per day of Russian oil, expanding Russia's share to ...
21 May, 2024, 01.22 PM ISTShare of Russian crude in India's imports rises to nearly 40% in April In April, Russia's share in Indian crude oil imports rose to nearly 40%, up from 30% in March, driven by higher global oil prices. Indian refiners imported 1.78 million barrels per day (mb/d) of crude oil from Russia, surpassing imports from China a...
03 May, 2024, 12.58 AM ISTUS hasn't asked India to cut Russian oil imports: Official The US has not asked India to cut Russian oil imports, stating that oil refined in India isn't technically Russian. US officials emphasized limiting Putin's profit by curbing Russia's oil sales avenues. They noted that refined Russian oil sold to We...
04 Apr, 2024, 11.36 PM ISTBPCL: Bharat Petroleum signs 4-month US oil purchase deal with BP, sources say Bharat Petroleum Corp has made a significant agreement with BP to purchase 1 million barrels per month of U.S. West Texas Intermediate crude for a four-month period, according to trade sources. The deal involves the refiner commencing the receipt of...
20 Mar, 2024, 09.23 AM ISTRussian oil: India’s state oil refiners in talks with Rosneft to secure Russian crude for long term Indian state oil refiners, Indian Oil Corp, Bharat Petroleum Corp, and Hindustan Petroleum Corp, are in talks with Rosneft Oil Co PJSC for long-term supplies of Russian crude. The refiners aim to secure about 500,000 barrels per day of Russian crude...
09 Feb, 2024, 05.31 PM ISTBPCL avoiding Russian Sokol crude oil purchases due to payment issues: Source Urals oil, Russia's flagship export blend loaded from its western ports, is mostly supplied to Asia due to a European Union embargo on Russian oil, with India becoming its top buyer for seaborne oil. Meanwhile, there have been no disruptions in BPCL...
08 Feb, 2024, 07.36 PM ISTIndia wants multi-year oil purchase deal with Guyana: Guyana minister India is considering a multi-year oil purchase agreement with Guyana and aims to acquire stakes in the South American nation's exploration areas, according to Guyana's minister for natural resources, Vickram Bharrat. This decision is part of India's...
08 Feb, 2024, 02.19 PM ISTIndia will renew oil purchases from Venezuela: Oil minister Hardeep Puri India plans to resume crude oil purchases from Venezuela, now free from US sanctions, announced Oil Minister Hardeep Puri. With Indian refineries capable of processing Venezuelan heavy oil, the country aims to resume imports, emphasizing its growing...
15 Dec, 2023, 01.59 PM IST