 | Government aims at deregulation of diesel price |
After petrol, now UPA government has targeted deregulation of diesel prices at retail outlets and rework subsidy mechanism on petroleum products by... |
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| Saudi Arabia and India to boost energy ties |
RIYADH: Indian Prime Minister Manmohan Singh held talks with Minister of Commerce and Industry Tawfiq Al-Rabiah in New Delhi and invited greater co... |
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| Fertilizer ministry may oppose cheap gas supply cut proposal |
The fertilizer ministry plans to oppose the oil ministry's proposed move to cut off the supply of cheap gas to non-urea fertilizer plants, accordin... |
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| Shale gas may make petroleum a thing of the past |
LOS ANGELES, CA (Catholic Online) - More importantly, shale gas is abundant in territories previously regarded as poor in fossil fuels or dependent... |
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| Petroleum regulator to decide on KG-D6 gas marketing margin |
The Petroleum Ministry has referred to the Petroleum and Natural Gas Regulatory Board (PNGRB) a proposal to regulate marketing margin being charged... |
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| IOC, ONGC keen to buy Gujarat Gas, Cairn not in race |
State-owned Indian Oil Corp, ONGC, GAIL and Oil India Ltd, besides Adani Group, are interested in buying BG Group's stake in Gujarat Gas Ltd but fi... |
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| Moily bats for industrialisation along coastal belt |
The Union Corporate Affairs Minister, Mr M. Veerappa Moily, has stressed the need for industrialisation along the coastal belt of the country. Deli... |
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| Govt gets a Rs 4,000-cr New Year gift from ONGC |
The Centre -- running out of cash, and time before the Budget to meet its fiscal deficit target -- will get as dividend Rs 3,964 crore (Rs 39.64 bi... |
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| Essar Oil facing expansion delay? |
Essar Oil is putting up 9 units to expand to 18 MT per year Essar Oil faces delay in the expansion of its flagship Vadinar refinery. The company, w... |
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| Europe's Refiners Seek Partners As Euro Zone Credit Woes Bite |
LONDON -(Dow Jones)- Europe's struggling independent oil refiners risk following in the footsteps of Petroplus Holdings AG (PPHN.EB) unless they te... |
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| US Oil Inventories Rise By 2.2 Million Barrels |
NEW YORK -- U.S. crude inventories rose last week, defying analysts' expectations calling for a decline, according to data released Thursday by the... |
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| Screws tighten on Iran as big buyers shun its oil |
TEHRAN (Reuters) - Iran faced the prospect on Thursday of cutbacks in its oil sales to China and Japan as new measures to cut off Tehran's crude ex... |
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| Japan Braces for Loss of Iranian Oil |
TOKYO—Japan, under intensifying pressure to join sanctions proposed by the U.S. and Europe, is bracing for the possibility of curbing its imports o... |
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| U.S. DOE Weekly Petroleum Status Report |
Following is the text of the weekly Petroleum Status Report from the U.S. Department of Energy: U.S. crude oil refinery inputs averaged about 14.8 ... |
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| Petroplus crisis deepens as all credit lines frozen |
ZURICH/LONDON, Jan 5 (Reuters) - The plight of Swiss oil refiner Petroplus worsened on Thursday as lenders extended the freeze on its borrowing to ... |
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| Egypt: Petroleum Minister - Amendment of Gas Contracts With Israel Soon |
Minister of Petroleum Abdallah Ghorab confirmed on Tuesday 3/1/2012 that the new prices of gas contracts will be between $ 5 to 7 for each one mill... |
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| OPEC to Bolster Shipments on Winter Demand, Oil Movements Says |
The Organization of Petroleum Exporting Countries will increase shipments of crude oil this month to meet winter demand for heating fuels, accordin... |
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| US Refiners May Profit From Petroplus Woes |
HOUSTON -(Dow Jones)- U.S. refiners could see new opportunities as Europe's largest independent refiner and wholesaler of petroleum products shuts ... |
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| Oil toy: 'Iran embargo to bring little joy to EU' |
EU states have reached an agreement in principle to ban Iran's oil exports. But with the EU's staggering economy dependent on Iranian oil, the econ... |
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| New Crude Oil pipeline system to be built in Gulf of Mexico |
Keathley Canyon was the site of the 1st major Crude Oil discovery in the US Gulf once drilling was reopened following the Macondo well tragedy. Exx... |
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