Government reduces windfall tax on crude oil to ₹5,700 per tonne

[ad_1] The government has slashed windfall tax on domestically produced crude oil to ₹5,700 per tonne, from ₹8,400 per tonne, with effect from Thursday. The tax is levied in the form of Special Additional Excise Duty (SAED). The SAED on...

Crude Oil Today: Prices gain on US inventory decline

[ad_1] Crude oil futures traded higher on Thursday morning as the official data showed decline in crude oil inventories in the US. At 9.53 am on Thursday, July Brent oil futures were at $83.08, up by 0.40 per cent, and...

Crude Oil Today: Prices rise as industry data indicate US inventory decline

[ad_1] Crude oil futures traded higher on Wednesday morning as the industry data showed decline in oil inventories in the US. At 9.56 am on Wednesday, July Brent oil futures were at $82.90, up by 0.63 per cent, and June...

Crude Oil Today: Crude oil prices rise on concerns over Canadian wildfires

[ad_1] Crude oil futures traded higher on Tuesday morning as the market expressed concerns over the potential impact of Canadian wildfires on crude oil supplies. At 9.52 am on Tuesday, July Brent oil futures were at $83.48, up by 0.14...

Crude Oil Today: Crude oil down amidst mixed inflation data from China

[ad_1] Crude oil futures traded lower on Monday morning amidst mixed inflation data from China. At 9.52 am on Monday, July Brent oil futures were at $82.53, down by 0.31 per cent, and June crude oil futures on WTI (West...

Russian crude oil discounts have halved to $3-6/barrel from $8-10 in FY24

[ad_1] Russian crude oil discounts have almost halved to $3-6 per barrel at present, from an average $8-10 during April 2023-March 2024, a development which threatens India’s savings from discounted crude in its import bill during FY25.Also read:Private refiners’ crude...

Crude Oil Today: Prices rise as China reports higher-than-expected exports growth

[ad_1] Crude oil futures traded higher on Friday morning as the trade data from China showed improvement in its economy. At 9.52 am on Friday, July Brent oil futures were at $84.36, up by 0.57 per cent, and June crude...
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