Oil heads for biggest Annual Gains since 2009
Oil prices edged down on Friday but were set to post their biggest annual gains in 12 years, spurred by the global economic recovery from the COVID-19 slump and producer restraint, even as infections surged to record highs around the …
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Oil Prices Slip After China Cuts Import Quotas
Oil prices eased on Thursday after the world’s top importer China cut the first batch of crude import allocations for 2022, offsetting the impact of U.S. data showing fuel demand had held up despite soaring Omicron coronavirus infections. Brent crude …
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Oil marketing companies make higher margins as crude falls
It is supposedly market-driven pricing, but over the last around nine weeks, state-run oil marketing companies (OMCs) haven’t let the decline in crude oil prices benefit consumers. Instead, these firms have just made higher margins on the sales of auto …
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Oil firms up, nears highest since last November on risk appetite
US oil rose for a sixth consecutive session on Wednesday while Brent gained more ground with a broad-based rally in global markets supporting prices. The benchmark Brent crude rose 23 cents, or 0.3 percent, at $79.17 a barrel by 0101 …
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OMNIPOTENT INDUSTRIES PRODUCT SERIES: PART 2: BASE OIL
With a focus on new ideas & innovations in the Bitumen Industry, Omnipotent Industries Ltd. was established in Mumbai in 2016 to carry on the existing bitumen business of Global Enterprises & it’s Organization. The group has a vast experience & expertise …
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India continues to widen its global supplier base to ensure oil security
India is gradually reducing its dependence on the oil-rich sheikhdoms of the Middle East and the member countries of the Organisation of Petroleum Exporting Countries (OPEC) for its crude supplies. In a written reply, Rameswar Teli, the Minister of State …
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