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Water floating on oil can clean oil spills

Water floating on oil can clean oil spills


Scientists have stumbled upon a discovery that challenges conventional wisdom -- water can sometimes...
Crude oil chemical linked to heart defect in babies

Crude oil chemical linked to heart defect in babies


Babies who are exposed before birth to ethyl benzene, may develop congenital heart disease.
Amid Egypt crisis, India worries over oil bill

Amid Egypt crisis, India worries over oil bill


India`s oil import bill will be a matter of concern if oil prices shoot up further, Finance Minister...
Petrol, diesel, LPG price hike on the cards

Petrol, diesel, LPG price hike on the cards


A ministerial panel may on Monday decide on raising petrol and diesel prices by up to Rs 3.50 a litr...
Oil leaking from sunken rig: US Coast Guard

Oil leaking from sunken rig: US Coast Guard


Crude oil was leaking on Sunday from two newly discovered leaks in a lengthy conduit connecting the ...
No crude oil leaking from Gulf well: US Coast Guard

No crude oil leaking from Gulf well: US Coast Guard


No crude oil was leaking on Friday from the oil well or rig that sank in the Gulf of Mexico after ...
Is India ready for another oil crisis?

Is India ready for another oil crisis?


Crude oil prices have jumped over 25 percent since February and this has set the alarm bells ringing...

Iran budgets for $60 price for crude oil


Iran planned next year`s budget based on an oil price of $60 per barrel, nearly double the price fro...
Oil prices down in Asian trade ahead of US energy report

Oil prices down in Asian trade ahead of US energy report


Oil prices were down on Thursday ahead of the release of a widely monitored US energy reserves repor...
Crude oil production to go up 11%, natural gas by 53%: DGH

Crude oil production to go up 11%, natural gas by 53%: DGH


Reliance Industries and Cairn India will help increase nation`s crude oil output by 11 per cent an...
Oil falls for sixth session to $77 on demand concerns

Oil falls for sixth session to $77 on demand concerns


Oil prices fell for the sixth session to a three-week low of around $77 a barrel on Monday, as poor ...
IOC to pay in euro for imports via Iran ship

IOC to pay in euro for imports via Iran ship


State-run Indian Oil Corp(IOC) has introduced a clause in its latest crude buy tender, shifting away...
IOC buys 4 mn barrels W Africa crude

IOC buys 4 mn barrels W Africa crude


State-run Indian Oil Corp (IOC) bought 4 million barrels of West African crude in its tender for Feb...
UAE`s crude production could rise 12.5% by 2014

UAE`s crude production could rise 12.5% by 2014


The sustainable crude production capacity of UAE will decline marginally to 2.71 million bpd, but wi...
Oil near $80, on track for strongest gain in decade

Oil near $80, on track for strongest gain in decade


Oil rose towards USD 80 on Thursday, extending its rally to a seventh day and poised for the best an...
ONGC lost Rs 9cr, 400 tonne of crude oil during strike

ONGC lost Rs 9cr, 400 tonne of crude oil during strike


ONGC has lost Rs 9cr and 400 tonnes of crude oil production in last 3 days due to the ONGC bandh cal...
Crude oil prices slide below USD 76

Crude oil prices slide below USD 76


Oil prices sank below USD 76 a barrel Friday in Asia as investors curtailed their risky bets on comm...
Crude oil imports fall by 41% to USD 31.6 bn in Apr-Sept

Crude oil imports fall by 41% to USD 31.6 bn in Apr-Sept


India`s crude oil import bill fell by 41 percent to USD 31.6 billion in April-September 2009 as int...
Oil higher in Asian trade but investors cautious

Oil higher in Asian trade but investors cautious


Oil was slightly higher in Asian trade on Monday but investors remained cautious over the outlook ...
Oil price slips after spiking to USD 82

Oil price slips after spiking to USD 82


World oil prices slid today on profit-taking after soaring overnight to USD 82 per barrel on the bac...
Oil lingers below USD 70 as traders eye earnings

Oil lingers below USD 70 as traders eye earnings


Oil prices lingered below USD 70 as investors looked to third quarter company earnings reports this ...
World Bank sees oil at USD 63 a barrel in 2010

World Bank sees oil at USD 63 a barrel in 2010


Oil prices are expected to average USD 63 in 2010, after USD 55.5 in 2009, the World Bank said in a ...
Oil prices ease but stay above USD 71

Oil prices ease but stay above USD 71


Oil eased in Asian trade on Wednesday on profit-taking but stayed above USD 71 a barrel ahead of t...
Oil falls below $72 in Asia amid weak demand

Oil falls below $72 in Asia amid weak demand


Oil prices fell below USD 72 a barrel Monday in Asia as high crude stockpiles and weak demand temper...
Venezuela to pump heavy crude with Russia`s help

Venezuela to pump heavy crude with Russia`s help


Venezuela has signed a deal with five energy companies, mainly Russian, to exploit its deposits of h...
Govt may allow Cairn to sell Rajasthan crude to pvt refiners

Govt may allow Cairn to sell Rajasthan crude to pvt refiners


The government may allow private refiners like Reliance Industries Ltd, Essar Oil to buy Cairn India...
Oil down in Asian trade to near USD 71 a barrel

Oil down in Asian trade to near USD 71 a barrel


Oil prices continued to fall in Asian trade on Thursday with investor sentiment under pressure from ...
Oil prices fall in Asia after hitting 10-mth highs

Oil prices fall in Asia after hitting 10-mth highs


Oil prices fell in Asian trade Wednesday as traders took profit after an overnight rally saw prices ...
Oil back near 70 dollars in Asian trade

Oil back near 70 dollars in Asian trade


Oil surged back near 70 dollars in Asian trade on Wednesday on better retail sales in the United Sta...
Oil rises above $67 amid mixed economic signals

Oil rises above $67 amid mixed economic signals


Oil prices rose above USD 67 a barrel Tuesday in Asia as investors looked for clues on the strength ...
Oil gains on US recovery hopes; stays above 70/barrel

Oil gains on US recovery hopes; stays above 70/barrel


Oil prices rose in Asian trade on Thursday after the Federal Reserve said the recession-hit US econo...
Oil hovers above $69 amid weak crude demand

Oil hovers above $69 amid weak crude demand


Oil prices hovered above $69 a barrel Wednesday in Asia after the U.S. and OPEC said global crude co...
Oil up in Asian trade but demand concerns linger

Oil up in Asian trade but demand concerns linger


Oil rose in Asian trade Tuesday but gains are being capped by concerns over a glut in global crude s...
India relaunches largest auction of oil, gas areas

India relaunches largest auction of oil, gas areas


India today relaunched its largest ever auction of oil and gas exploration areas, aiming to attrac...
Oil retreats in Asian trade

Oil retreats in Asian trade


Oil retreated modestly in Asian trade on Thursday after overnight gains that were fuelled by the wea...
Cairn to commence oil production from Rajasthan in August

Cairn to commence oil production from Rajasthan in August


Marking a milestone in two decades, Cairn India will begin crude oil production from its Rajasthan d...
Oil prices up in Asian trade

Oil prices up in Asian trade


Oil prices were up in Asian trade on Tuesday on renewed hopes that the ailing global economy is on t...