 | Oil drops sharply on U.S. economic data, techinicals |
Crude oil futures dropped for a second straight day on Thursday as more signs of slowing U.S. economic growth and swelling U.S. inventories spark... |
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| New formula by government for petrol price hike |
New Delhi: To deal with mounting losses of oil companies and political opposition for oil price hike, the government is working on a formula to s... |
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| Indian petroleum industry continues to bleed heavily on under-recoveries |
A marginal fall in Brent crude oil prices is not helping India as the rupee depreciates. Indian crude oil basket price stood at $116.97 per barre... |
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| Pak to limit oil imports from India to 10% |
Islamabad: Pakistan is considering a proposal to limit oil imports from India to 5-10% of the total requirement till confidence-building measures... |
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| In a first, govt asks RIL to pay 7,000cr for poor gas output |
New Delhi: In a first of its kind, the oil ministry has slapped a notice of $1.2 billion, or Rs 7,000 crore, on Mukesh Ambani's Reliance Industri... |
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| OilMin disallows $1.4b cost recovery by RIL from KG D6 fields |
Oil ministry has served a notice on Reliance Industries disallowing $1.45 billion of cost recovery from eastern offshore KG-D6 fields for failing... |
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| US coal fills India's petcoke supply gap |
U.S. high-sulphur thermal coal, which is flowing into every possible pocket of global demand, will replace up to 2 million tonnes a year of petro... |
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| Govt no to Diesel price hike hits NRL |
With the Government of India not giving the green signal to hike the price of diesel, the Numaligarh Refinery Limited (NRL) is running into huge ... |
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| Algae Biodiesel Company WHEN Commercializing in India |
World Health Energy Holdings (WHEN.PK), a US-Israeli company commercializing algae-based biodiesel, has plans for two projects in India this year... |
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| Cairn, ONGC seek nod for new exploration in Rajasthan |
Oil and Natural Gas Corp (ONGC) and Cairn India have sought permission for starting new exploration activities in Rajasthan, reports CNBC-TV18 qu... |
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| ONGC undertakes massive exploration campaign in Chambal Valley |
MUMBAI: State-run energy explorer has taken up a massive exploration campaign in the Chambal Valley of Rajasthan. In that area, ONGC is operating... |
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| Opec says pumping hard to bring oil price down |
Oil surged in March to $128 a barrel, the highest since 2008, as increased concern over the loss of Iranian oil due to tighter sanctions combined... |
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| Vitol, Atlas buy Petroplus Swiss plant |
Vitol, the world's largest oil trader, has teamed up with the co-founder of Petroplus (PPHN.S), Marcel Van Poecke, to buy the insolvent refiner's... |
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| Biofuels in the balance as EU fails to conclude carbon impacts |
Biofuel producers have been "left in limbo" by EU policymakers' failure to agree on how to measure the industry's environmental impact at a meeti... |
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| API touts Ohio's shale gas potential |
Ohio is positioned to become part of an energy revolution fueled by shale natural gas deposits, a trade group leader said.
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| BG to sell Comgas to Cosan for $1.8 billion, profit up |
British gas and oil producer BG Group Plc (BG.L) said it had agreed to sell its Brazilian gas distribution business Comgas to Cosan (CSAN3.SA) fo... |
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| Iran curbs impossible to meet |
LONDON: Europe's oil embargo on Iran is having unforeseen consequences in the shipping market, making it almost impossible to determine if vessel... |
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