 | LPG imports cut by $1 billion backed by government measures |
Giving a boost to the petroleum ministry's effort to cut import bill, India has cancelled import deals for liquefied petroleum gas worth $1 billi... |
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| Petroleum minister Veerappa Moily takes Metro to work |
NEW DELHI: Petroleum minister M Veerappa Moily on Wednesday took a Metro ride to office to save petrol. He said he will use Metro every Wednesday... |
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| Oil tumbles on US stocks build, budget impasse |
NEW YORK: Global oil prices dropped on Wednesday after the largest weekly buildup of U.S. crude stocks in a year added to concerns that a budget ... |
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| Brent slips below $110 as U.S. budget crisis drags on |
LONDON - Global oil prices dropped below $110 per barrel on Wednesday, after U.S. lawmakers made little progress to end a budget impasse that thr... |
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| Attack on pipeline cuts off Colombia gas exports to Venezuela |
BOGOTA - A bomb attack on a gas pipeline in eastern Colombia has cut off 150 million cubic feet of exports to neighboring Venezuela, the police s... |
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| Shell shuts Nigeria pipeline again, 150,000 bpd deferred |
LAGOS - Shell Nigeria said on Wednesday it had shut down its Trans Niger Pipeline (TNP) owing to reports of leaks, deferring 150,000 barrels per ... |
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| South Korea's SK Energy to step up fuel oil imports from West -trade |
SINGAPORE, South Korea's SK Energy is set to ramp up straight-run fuel oil imports from Europe, bypassing Asian trading hub Singapore as weak pro... |
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| Global economy may not face oil shocks after all: Experts |
HOUSTON: Over the last few months, as an Egyptian government fell in a coup, the United States considered an attack on Syria and disgruntled Liby... |
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| World's first bitumen futures make strong debut in Shanghai |
SHANGHAI/BEIJING, The world's first futures in road-paving material bitumen generated strong investor interest after launching on the Shanghai Fu... |
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| Platts considers new tweaks to Brent oil benchmark |
LONDON, Oil pricing agency Platts is discussing fresh changes to strengthen the global oil benchmark Brent, responding to criticism that its prev... |
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| OPEC's oil output slides to 30.07mbpd in two years |
CRUDE oil output from the Organisation of Petroleum Exporting Countries (OPEC) has fallen in September to the lowest in almost two years because ... |
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| PESB selects B Ashok as next Indian Oil Chairman |
NEW DELHI: B Ashok, Executive Director (Retail Sales) at Indian Oil Corp, was today chosen to head the company from June next year. Government he... |
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| BANGALORE : 5kg cylinder only a back-up option for many |
BANGALORE: For Naved Ahmad, one of the first customers of the five-kg LPG cylinder scheme, this small package is just a back-up if the refill for... |
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| LPG price to rise on dealer commission revision |
NEW DELHI: Cooking gas cylinder price is likely to go up by Rs 3.50, with the oil ministry looking at increasing dealer commission to Rs 40.71 pe... |
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| Indian Air Force ends Indian Oil Corp monopoly, launches bidding for ATF |
NEW DELHI: High fuel costs continue to bite into the defence budget. After austerity measures in fuel use, the Indian Air Force has resorted to h... |
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| Weaker rupee to prop up oil majors' refining margins |
The July-September 2013 quarter was volatile when it came to the rupee and crude oil prices - two crucial factors that impact the sector most. Vo... |
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| Oil marketing companies want to use Aadhaar cards for LPG supply |
NEW DELHI: State-owned oil marketing companies Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation Limited h... |
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