For sunflower oil refiners, volume to dip by 8-10 pc but operating margin likely to recover in FY25

May 05, 2024

Indian refined sunflower oil volumes are projected to witness a decline of 8-10 per cent in FY25 amid decline in demand of sunflower oil.

OPEC+ extends major oil production cuts until 2025 to stabilise market

Jun 03, 2024

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing...

"India's ascent to USD 4 trillion economy fueled by robust growth": Hardeep Puri at World Economic Forum

Jan 16, 2024

India, the world's third-biggest oil importer and consumer, is dependent on crude oil from various sources in the global market to meet its domestic...

OPEC lowers global economic, oil demand forecasts

May 12, 2022

Vienna [Austria], May 12 (ANI/Xinhua): The Organization of the Petroleum Exporting Countries (OPEC) on Thursday revised its forecasts for this year's global economic growth...

OPEC cuts oil demand forecast for 2024 due to weak intake from China

Aug 12, 2024

The Organization of the Petroleum Exporting Countries (OPEC) has slightly revised down global crude oil demand forecast for 2024, citing softer intake by China.

Rupee touches new low for the fifth straight session on Tuesday

Nov 12, 2024

This level, indicative of persistent challenges for the rupee, reflects an ongoing struggle against strong dollar demand, high crude oil prices, and considerable foreign...