 | Jaipal Reddy Urges for Greater Transparency & Predictibility in Global Oil Markets |
The Minister of Petroleum & Natural Gas Shri S. Jaipal Reddy has called upon oil producing and consuming countries to work together to build ... |
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| CCI to write to oil firms on raising prices in unison |
The Competition Commission of India (CCI) has questioned the coordinated pricing strategy of state-owned oil marketing companies (OMCs). It plans... |
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| Tax relief for crude oil purchase from Iran to be notified soon |
CHENNAI: The government today assured exporters that tax exemption granted for crude oil purchases from Iran for their captive use would be notif... |
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| GSPL gets extension on pipeline project |
A consortium led by Gujarat State Petronet Ltd (GSPL) has been given an extension on the Mallavaram-Bhopal-Bhilwara-Vijaipur pipeline (MBBVPL) pr... |
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| Hillary Clinton pats India for reduction in Iranian oil import |
Washington: US Secretary of State Hillary Clinton complimented India for the reduced dependence on Iranian oil saying "habits of cooperation is p... |
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| Oil India pulls out of race for Mukesh Ambani's gas firm |
NEW DELHI, Oil India Ltd is understood to have dropped its plans to buy a 51 per cent stake in Mukesh Ambani's Reliance Gas Transportation Infras... |
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| Petrol prices may be cut further as oil dips below $96 |
NEW DELHI: The price of crude oil purchased by Indian refiners has dipped to $95.75 a barrel- the lowest in more than a year--raising hopes of an... |
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| GAIL to invest 11,000cr for gas distribution in UP |
LUCKNOW: The Gas Authority of India Limited (GAIL) has decided to invest Rs 11,000 crore towards gas distribution in Uttar Pradesh. The decision ... |
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| ONGC to spend Rs 440 cr on drilling 40 wells at K-G basin |
ONGC is set to invest Rs 440 crore in drilling of 40 oil and gas wells in the Krishna-Godavari basin next fiscal, a senior official of the compan... |
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| Opec price hawks call on Saudi Arabia to cut oil output |
Vienna: The Organization of the Petroleum Exporting Countries's (Opec's) price hawks on Tuesday called on Saudi Arabia to rein in excess producti... |
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| Oil demand collapse 'clear and present danger': Venezuela |
Slower growth in developed countries is threatening to provoke a collapse in global oil demand, Venezuela's energy minister Rafael Ramirez said a... |
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| Turkey looks to Libya for oil |
ANKARA, Turkey, The Turkish government announced it landed an oil supply deal with Libya after opting to cut back on crude oil deliveries from Ir... |
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| World oil reserves up eight percent, supply fears persist |
The world's store of oil and gas jumped 8.3 percent last year, as exploration rose and record crude prices made marginal projects commercially vi... |
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| Japan oil demand up sharply after quake: IEA |
The IEA said that in April, Japan needed 4.3 million barrels per day, up 6.1 percent compared with a year earlier after a gain of 13.1 percent in... |
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| US shale boom to create half-million jobs |
The boom in gas production from "unconventional" reserves such as shale is creating hundreds of thousands of jobs across the US, but the gains ar... |
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| Shell looks to buy Coryton for storage: union |
Oil giant Royal Dutch Shell, fuel distribution firm Greenergy and storage company Vopak are putting together a joint bid to buy the Coryton refin... |
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| Oil hovers above $83 as traders eye OPEC meeting |
SINGAPORE: Oil hovered above $83 a barrel Wednesday in Asia amid speculation OPEC will likely leave its production quotas unchanged at this week'... |
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