 | For India, crude oil holds the key |
Sales of petrol dipped by 4.4 per cent in May this year in India — only the fourth time in the last five years when this has occurred and the sec... |
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| India's BPCL buys three Sept crude cargoes |
London, India's Bharat Petroleum Corp (BPCL) has bought three cargoes of around 1 million barrels each of Nigerian, Angolan and Libyan crude oil ... |
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| Oil markets looking for the right leg to stand on |
The strong rally in oil markets - which was kicked off in late June by geo-political concerns regarding Syria, Iran and most recently Iraq, toget... |
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| Oil ministry asks Gujarat to cut VAT on natural gas |
AHMEDABAD/NEW DELHI: Gas firms in Gujarat are upbeat after the state's high court ordered the Centre to allot natural gas for use in households a... |
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| Banerjee red flags plans to free LPG, diesel prices |
New Delhi: Within 24 hours of the Congress-led United Progressive Alliance (UPA) government setting the stage to enable free market pricing of pe... |
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| Government stands to gain on petrol hike |
KOLKATA: Mamata Banerjee likes it or not, the consumer's pain on the oil front will turn out to be a gain for the state government. With oil firm... |
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| SCI, Iran to separate assets |
An Iranian-led shipping venture is close to collapse after struggling to steer its oil tankers and dry bulk vessels past tightening Western sanct... |
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| Karnataka : LPG price down by Rs 6.55 |
BANGALORE: Here's some good news in difficult times: the price of domestic LPG cylinders is down by Rs7. Indian Oil Corporation Limited (IOCL) ha... |
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| PetroChina to Acquire Stake in Qatar's Block |
PetroChina, Asia's largest oil and gas producer, will acquire a 40-percent stake in the exploration and production rights for natural gas in Qata... |
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| Netherlands : Shell signs new Upstream deals with CNOOC and CNPC |
Shell announces today that it has signed two offshore oil and gas Production Sharing Contracts (PSCs) with CNOOC, and a PSC amendment with CNPC f... |
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| 100 Chinese companies line up for shale gas auction |
BEIJING: Individual real estate developers and even a grain trader are among the 100 Chinese bidders who have joined the scramble for a piece of ... |
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| BG looks to long term after quarterly setbacks |
LONDON, British oil firm BG Group said its key long-term projects were on track as it reported a series of short-term setbacks, including weaker-... |
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| Gazprom Singapore aims to double revenue by 2015 |
SINGAPORE, The Singapore trading arm of Russia's largest gas producer, Gazprom, expects to double its revenue by 2015 as it grows trade volume of... |
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| Thailand's PTT closes in on explorer Cove |
Thai oil firm PTT Exploration & Production moved a step closer to finalising its $1.9 billion takeover of Cove Energy after securing acceptan... |
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| Shell says in talks to buy into InterOil's PNG assets |
Royal Dutch Shell Plc said it is in talks to buy into liquefied natural gas producer InterOil Corp's Papua New Guinea exploration licenses and LN... |
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| Three oil companies join to build Ugandan oil pipeline |
British energy company Tullow Oil PLC announced plans to join with China National Offshore Oil Corporation and France's Total SA to create a majo... |
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| S Korea Oil Imports to Iran Seen Restarting |
There's a "high chance" that South Korea will resume importing Iranian crude oil in the near future, Minister of Knowledge Economy Hong Sukwoo sa... |
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