Modi govt planning to impose cess on petroleum products: Congress

Congress on Friday claimed that the NDA government is planning to impose a cess on petroleum products and that the party would strongly oppose this move.

Ukraine reports Norway gas deal to counter Russian cut

Ukraine said today it had struck a gas deliveries deal with Norway's energy giant Statoil aimed at helping it avert the consequences of a months-long cut in Russian supplies.

Islamic State struggling to control its new-found oil riches: Experts

Though the dreaded Islamic State is earning over USD 3 million daily by producing about 80,000 barrels of oil in Iraq and Syria, experts say the group is finding it difficult to maintain its gains and emerge as an energy player.

Libyan Navy opens fire after tanker approaches mutinous port

Libya`s Navy opened fire after a Maltese-flagged oil tanker approached to illegally load crude at a port that has been controlled for months by armed protesters demanding more autonomy from Tripoli, officials said.

Saudi oil rig sinks in Persian Gulf, 2 Indians among dead

The bodies of two Indians and a Bangladeshi, reported missing when an offshore oil rig of Saudi Arabia`s state-run petroleum giant Aramco sank in the Persian Gulf, have been found, officials said.

Life in Arunachal Pradesh hit by petroleum workers boycott

Some districts of Arunachal Pradesh and Itanagar are hit by the boycott of Assam Arunachal Petroleum Workers Association due to crisis of petroleum products for the past few days.

China`s Police detain nine after Qingdao oil blasts: Report

Chinese police have detained nine people in connection with oil pipeline explosions last week that killed 55 people in the eastern port city of Qingdao, state media reported.

Indian tanker allowed to leave Iran after 26 days in detention

Having been in detention for nearly 26 days at Iran`s Bandar Abbas Port, Indian oil tanker MT Desh Shanti has finally been allowed to leave.

Iran, India hold hectic negotiations over tanker issue

Iran continues to detain Indian tanker citing environment concerns for the sixth day on Saturday even as the two countries are involved in hectic negotiations to resolve the issue.

Libya threatens to bomb ships loading black market oil

Libya has accused striking guards, who have seized oil export terminals, of trying to make shipments for their own profit.

Iran detains Indian tanker carrying crude, wants undertaking

Iran has detained India`s largest ocean liner Shipping Corporation`s vessel carrying crude from Iraq on Tuesday.

Ahamed visits Kuwait, discusses welfare of Indian expatriates

Minister of State for External Affairs E Ahamed met Kuwait`s top leadership, including Crown Prince Sheikh Nawaf, and discussed welfare of Indian expatriate community living in the oil-rich country.

Salman Khurshid returns home after two-day Iraq visit

Salman Khurshid handed a letter of invitation from Prime Minister Manmohan Singh to Iraqi Premier al-Maliki to visit India which he accepted.

After Moily`s remarks, Congress says no lobby behind Reddy`s exit

Congress sidestepped queries on M Veerappa Moily`s stunning remark that petroleum ministers are "threatened" by import lobbies.

US slaps sanctions against Iranian nuclear supply companies

The United States slapped sanctions against four Iranian nuclear supply companies and one individual.

`Syria to protect oil resources at any cost`

The Syrian government said Thursday it would take the required steps to safeguard the country`s oil resources.

India rejects reports of Sri Lanka taking over parts of IOC depot

India denied reports that Sri Lanka had decided to repossess a part of a strategic oil depot Indian Oil.

Uproar in Lok Sabha over petrol price hike

The Lok Sabha was adjourned till noon as the Opposition noisily demanded a rollback of the hike in petrol prices.

`Good results` on India`s oil payment issue: Larijani

Iran on Thursday indicated that some ways might have been found to address the issue of Indian payments for Iranian oil in wake of the financial sanctions against it.

US may impose sanctions on Pak over Iran gas import deal

The United States is expected to impose economic sanctions on Pakistan as it plans to import Iranian gas to meet its increasing energy needs.