Latest News

Reuters

Feb 23, 2023, 7:17 PM

India Earmarks $3.7 Billion For State Oil Companies' Energy Transition

"This Budget builds on our focus on green growth," finance minister Nirmala Sitharaman said in her budget speech.

0 Min

• 
  Reuters | Feb 23, 2023

  Exclusive-Indian Refiners Pay Traders In Dirhams For Russian Oil

  India's top bank, the State Bank of India (SBI), is now clearing these dirham payments

  0 mins read
• 
  Seshan Vijayraghvan | Feb 23, 2023

  Vida Expands Charging Network To Bengaluru, Delhi And Jaipur; Adds Nearly 300 Charging Points

  The company has set up nearly 300 charging points at 50 locations across the three cities for public use. Vida says that the charging network is spread across key locations, and each charging station will have DC and AC charging sockets.

  0 mins read
• 
  Reuters | Feb 23, 2023

  India Says Its Proposed Biofuels Alliance Draws Interest Of Russia, Brazil Among Others

  The focus on biofuels is also aimed at helping India's transition to alternative fuels and cutting its import bill

  0 mins read
• 
  Reuters | Feb 23, 2023

  Russia's Sechin Says Europe No Longer Sets Urals Price

  Asia has emerged as the largest buyer of Russian oil since the West placed it under sanctions.

  0 mins read
• 
  Reuters | Feb 23, 2023

  Oil Surges More Than 3% As Fed's Powell Eases Rate Hike Concerns

  Brent crude futures were up $2.70, or 3.3%, to $83.69 a barrel, while U.S. West Texas Intermediate crude futures rose $3.03, or 4.1%, to $77.14 per barrel.

  0 mins read
• 
  Reuters | Feb 23, 2023

  Iraqi Oil Flows Resume To Turkey, Azeri Exports Still Stopped

  The ministry of natural resources for Iraq's Kurdistan Regional Government (KRG) said the pipeline restarted flows at 9:45 p.m. local time (1845 GMT)

  0 mins read
• 
  Reuters | Feb 23, 2023

  Oil Settles Up For Third Day As Interest Rate Concerns Ease

  Brent crude settled up $1.40, or 1.7%, to $85.09 a barrel while U.S. West Texas Intermediate (WTI) crude settled up $1.33, or 1.7%, to $78.47.

  0 mins read
• 
  Reuters | Feb 23, 2023

  Gulf Nations To Remain Major Oil Suppliers To India For A 'Long Time', Minister Says

  He also said India will consider buying oil from Iran and Venezuela if sanctions are lifted and would continue purchases from Russia if prices "continue to be good"

  0 mins read