Centre cuts windfall tax on domestic crude sales, diesel exports
NEW DELHI : The union finance ministry on Thursday lowered the windfall tax on the sale of domestic crude oil to ₹6,300 a tonne, according to an official notification. For the past two weeks the
14 methanol-powered ships ordered in October
HAMBURG : A total of 14 orders for methanol-powered ships were recorded in October as demand for alternative fuels in the maritime industry continues to rise in line with the ever-stringent regulatory landscape, data from
Israel-Hamas War rocket attacks are leading oil tankers to make unusual moves near ports
HAIFA : Oil tankers in the Red Sea are taking unusual actions amid the Israel-Hamas war, shutting off their global tracking transponders — called Automatic Identification Systems (AIS) — in an effort to traverse
NYK commences conversion to Ammonia Fuel for Pioneering Tugboat
Commencing modification to sail the World’s first ammonia-fueled vessel TOKYO : NYK has commenced conversion of the liquefied natural gas (LNG) fueled tugboat Sakigake to an ammonia-fueled tugboat at the Oppama factory of Keihin
India, Japan and South Korea should work together to protect shipping
TOKYO : The outbreak of warfare between Israel and Hamas is bringing reminders to Asian economies about their continued reliance on energy imports from the Middle East. In 2018, 76% of crude oil traveling
India’s imports of Saudi oil in September slump to a multi-year low
NEW DELHI : India’s reliance on imported crude in the April-September period of the current financial year ending March rose to 87.8 per cent from 86.5 per cent in the corresponding period last year
India needs to reduce cost of fuel to boost inland waterways : Nitin Gadkari
NEW DELHI : India needs to work towards reducing the cost of fuel to boost inland water transport within the country, MoRTH Shri Nitin Gadkari said recently. Addressing the third edition of the Global
Oil prices jump on concerns over Middle East supply disruptions
LONDON : Oil prices jumped by 4 per cent on Monday on concerns that the situation in Israel and Gaza could disrupt output from the Middle East.The West Texas Intermediate (WTI), the benchmark for