Gujarat gets over 4-fold boost in petroleum exports amid Russia-Ukraine war
AHMEDABAD : Gujarat has significantly benefited from the ongoing Russia-Ukraine war over the past three years, with a sharp rise in crude oil exports. As a result, crude
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
AD Ports Group enhances its fleet with crude oil tankers and bulk carriers
ABU DHABI : AD Ports Group has announced plans to increase its fleet by purchasing five bulk ships and three crude oil tankers. These vessel purchases will complement
Exports jump 43% to $35.65 billion in October,imports soar 62%
October Exports up by 35.16% over same month last year, Imports jump by 57.32% Overall Exports April-Octoberrise by 39.83%, Imports leap by 63.64 % NEW DELHI : India’s
India need to boost biofuel production to reduce dependence on imported crude oil : Nitin Gadkari
NEW DELHI : Union Minister Shri Nitin Gadkari stressed that our country needs to enhance the production of biofuel by using the stubble of certain crops to reduce
India diversifies its crude procurement; First shipment from Guyana arrives next month
NEW DELHI : Next month, India is set to receive its first shipment of one million barrels of Liza Crude Oil from Guyana. This is the first purchase
Iran Says U.S. to Lift All Oil and Shipping Sanctions
DUBAI/BERLIN : Iran said on Wednesday the United States had agreed to remove all sanctions on Iran’s oil and shipping, although Germany cautioned that major issues remained at talks
Sanmar Shipping crude tanker quarantined at Vizhinjam after crew tests Covid-19 positive
DURBAN : A crude oil tanker owned by Sanmar Delivery Ltd has been quarantined at Vizhinjam Port for 14 days from Monday after 5 crew members on the
India’s first cargo shipment of crude oil has arrived at Mundra Port from Guyana
MUMBAI : India’s first cargo from Guyana, a million-barrel shipment of crude oil has arrived at Mundra Port.Equipped with two single point mooring facilities,Mundra Port is capable to
India’s Crude Import Strategy to Benefit the Tanker Market
An increase in ton-mile demand is to be expected from news mid-week, that India is looking to change its crude import strategy. In its latest weekly report, shipbroker