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Govt to allow accredited consultants to prepare EIA/EMP report

The directive has come after the Environment Ministry barred UP-based Mantec Consultants for one year for preparing impact assessment and management plan reports for 10 projects of state-owned Kandla Port Trust without any permission.

US oil price drops amid ample supplies

US oil price retreated on Thursday as US stockpiles added last week.

Oil prices drop amid rising supplies

Oil prices fell on Tuesday as market expected that the US supplies continued to expand.

Brent oil rises as euro zone morale boost offsets oversupply concern

Brent oil prices firmed on Wednesday as business morale in the euro zone`s top two economies improved, offsetting concerns about oversupply that has filled fuel storage tanks around the world.

Oil tumbles; US crude prices near 6-year low on record stockpiles

Oil slumped on Wednesday, with U.S. crude prices at near six-year lows, after the government reported record-high inventories in the United States that raised anxieties about the global oil glut that had pressured the market since last summer.

Oil prices up on US demand hopes

WTI surged $1.25 in New York Wednesday after the US Energy Information Administration (EIA) said reserves fell 7.5 million barrels in the week to July 11. 

Oil market diverges as traders digest US inventories

New York`s main contract West Texas Intermediate for February delivery fell 68 cents to USD 92.98 per barrel.