Crude

India Cautiously Monitors Rising Crude Prices Amid Ongoing Israel-Hamas Conflict

India has expressed vigilance in observing the ongoing Israel-Hamas conflict, assuring that it will manage its energy requirements prudently. Union Petroleum Minister Hardeep Singh Puri made this statement during a press conference in New Delhi, emphasizing India's careful approach in light of the situation's global energy implications. "We will handle...

India cuts all windfall tax on crude oil

According to a government notification, the central government has withdrawn all windfall taxes on crude oil with immediate effect. This comes as global crude oil prices rose after a group of oil-producing countries agreed to cut output in May of this year. Oil producers in the Organization of Petroleum Exporting...