Search Results
crude oil
46 posts
India has reintroduced a windfall tax on crude oil and removed the diesel export levy.
The Indian government has recently taken steps to reintroduce a windfall tax on crude oil and remove the levy on diesel exports.
The shares of fuel retailers decline due to a reduction in crude oil production.
This article discusses the effects of OPEC+ countries' decision to cut crude oil production on fuel retailers across the globe.
Windfall Tax on Petroleum Crude in India Increased to ₹6,000 per Tonne
The Indian government has increased the windfall tax on petroleum crude oil to ₹6,000 per metric tonne from…
Rupee Weakens by 22 Paise Against US Dollar, Influenced by Stronger Greenback and Rising Oil Prices
In a reflection of global market dynamics, the Indian rupee experienced a depreciation of 22 paise against the US dollar, concluding at a provisional value of 82.47 on Thursday.
EXPLAINER-Why is OPEC+ cutting oil output?
The Organization of the Petroleum Exporting Countries and allies including Russia, a group known as OPEC+ which pumps…
Saudi Arabia pledges big oil cuts in July as OPEC+ extends deal into 2024
Saudi Arabia will make a deep cut to its output in July on top of a broader OPEC+ deal to limit supply into 2024 as the group seeks to boost flagging oil prices
India’s dependence on OPEC for its oil imports has decreased causing OPEC’s share in India’s oil imports to fall to 46%.
the significant shift in India's oil import policy, with a sharp decline in the country's dependence on OPEC for its oil imports
Oil heads for third weekly gain after shock OPEC+ cuts
Oil prices are on track for a third consecutive week of gains following a surprise decision by OPEC+…
Bank of Baroda has ceased processing payments for Russian oil that exceed the permissible limit.
Bank of Baroda's decision to stop processing payments for above-cap Russian oil is in line with the government's restrictions and has been met with mixed reactions from industry experts.
India-Russia Oil Trade Puts a Dent in the Dominance of the US Dollar
The imposition of U.S.-led international sanctions on Russia is causing a shift away from the dollar’s dominance in…
