India critisizes EU’s Russia sanctions targeting Gujarat’s Vadinar Refinery : MEA
NEW DELHI : India on Friday said it does not subscribe to any unilateral sanctions and called for ending double standards in energy trade after the European Union (EU) unveiled new punitive measures targeting
Oil bunker costs to double by 2035 on IMO rules, says Wartsila
NEW YORK : Oil-based bunker costs will double over the next decade due to the International Maritime Organization’s upcoming regulation on greenhouse gas emissions, Finland-based Wartsila’s CEO Hakan Agnevall told Platts while laying out
Israel’s attack on Iran bullish for oil prices but unlikely to last unless exports affected: Report
NEW YORK : Israel’s airstrikes on Iranian nuclear sites have rattled global energy markets, sending oil prices soaring and raising concerns about wider regional instability. While the escalation is bullish for near-term oil and
Shipping data: UNCTAD releases new seaborne trade statistics
GENEVA : Maritime transport moves over 80% of goods traded worldwide. Country-level seaborne trade data is vital for shaping better transport, trade and investment policies. UN Trade and Development (UNCTAD) on 15 April released
Union Govt relocates major refinery projects from Maharashtra to Gujarat & Andhra Pradesh
NEW DELHI : The Indian government is shifting plans for two large-scale oil refineries, each with an annual capacity of 10-15 million tonnes and integrated petrochemical units, from Maharashtra’s Ratnagiri district to Gujarat and
India’s Crude Oil imports fall amid refinery shutdowns and West Asia tension
NEW DELHI : India’s crude oil imports in October declined to a 13-month low amid maintenance-related shutdowns at some refineries and the geopolitical crisis in West Asia which led to fears of high volatility
India’s July edible oil imports to surge to record on robust palm buying, sources say
NEW DELHI : India bought a record amount of edible oils for July delivery, as refiners increased palm oil and soyoil purchases due to lucrative prices and ahead of an anticipated hike in import