Oil production

Oil production in India

• Dropping Prices of Crude Oil with Second Wave of COVID-19

  Head of Commodity Research at National Australia Bank said, “You’ve seen refiners there (in India) scale back runs because demand has decreased with the lockdowns. That’s clearly weighing on the market and sentiment.”…

• India Plans to cut Vegetable Oil Imports and Increase Oilseed Production; WTO Concerned

  India plans to increase its oilseed production and decrease vegetable oil imports. This has concerned WTO members.…

• India Likely to Launch Plans to Increase the Production of Oil Seeds & Cut Imports of Vegetable Oil in Budget 2021

  India is expected to announce a five-year initiative in next week's federal budget to slash costly vegetable oil imports worth $10 billion a year by providing farmers with financial incentives to turn to grain oilseeds, three senior government officials said.…

• What is the Reason for Rising Edible Oil Prices in India?

  Rising edible oil prices have become a cause of concern for the government as the average prices of all edible oils like groundnut, mustard, vanaspati, soybean, sunflower and palm have increased, with the spike in the case of palm, soybean and sunflower oils by up…

• 7 Tips By FSSAI to Reduce Oil Consumption in Day-To-Day Life

  Food Safety and Standards Authority of India (FSSAI) has shared some easy seven tips to reduce oil consumption that you can follow in your day-to-day life.…

• Palm Oil: Bird’s Eye View of Malaysian Palm Oil Markets

  Crude palm oil prices had climbed to an eight-year high last week, amid concerns of labor shortage in Malaysia to lower output at a time when dry weather has started threatening soybean crops in South America. Steady export demand was another major factor attributing to…

• Russian Oil Spill to Affect Sea Life in Arctic

  Russia declared a state of emergency following a fuel leak from a power plant in its arctic region. The leak caused 20,00 tones of diesel oil to escape into a river near Norilsk and turned its surface crimson red.…

• Malaysian Palm Oil Markets Expected to Remain Firm in June

  Malaysian palm oil prices after establishing yearly lows during first quarter of 2020 have resumed the upward trend in last few weeks and continue moving with a positive bias. As more and more countries have started easing lockdowns, there are signs of import demand improving…

• Golden Opportunity for India in Domestic Edible Oil Production as pact with Malaysia Ends

  The Malaysia India Comprehensive Economic Cooperation Agreement (MICECA) that was signed on 18 February 2011 and came into force on 1 July 2011 is a comprehensive agreement that covers trade in goods, trade in services, investments, and movement of natural persons. Under the treaty, edible…