oil

Long road to oil cleanup looms over Gulf Coast

A cap at the bottom of the Gulf of Mexico is slowly pinching off a geyser of oil spewing from earth.

Oil soaks coastal marshes, birds as spill grows

Officials have begun to survey the damage caused by the Gulf oil spill in coastal marshes.

Anger mounts as oil blackens Louisiana marshes, beaches

Anger mounted as heavy oil blackened Louisiana`s marshes and beaches.

Spill spreads: Oil arrives on Louisiana shore, edges into key current

Heavy, sticky oil from a massive month long spill was starting to clog Louisiana marshes on the Gulf of Mexico as another edge of the partly submerged crude reached a powerful current that could take it to Florida and beyond.

BP`s first attempt to divert Gulf oil leak fails

The company`s first attempt to divert the oil had failed, its mission now in serious doubt.

Fears grow over oil spill off US coast

The Gulf of Mexico oil rig disaster will develop into one of the worst spills in US history if the well is not sealed, the coast guard officer leading the response warned.

Petrol, diesel prices may go up again

Faced with the prospect of revenue loss on fuel jumping to Rs 70,000 crore next fiscal, Petroleum Ministry on called for "harsh decisions" even as it hinted that cleaner Euro-IV fuel in 13 metro cities will cost more from April 1.

Nigerian oil union protests killings of workers

Nigeria`s white-collar oil workers union on Tuesday protested the murder of two colleagues in the restive oil hub of the Niger Delta and gave the government two weeks to hunt down the killers.

Govt, Congress breathe easy on fuel price hike issue

With allies ruling out rocking
the UPA coalition on the issue of fuel price hike, the
Congress and the government on Tuesday breathed easy even as
opposition parties appeared determined to corner the
government in Parliament for a roll back.

BP profit rises on higher oil prices, misses forecasts

British oil major BP Plc reported a lower than forecast 33 percent rise in fourth-quarter replacement cost profit on Tuesday and cautioned investors that an operational turnaround could slow this year.

Oil prices rise as Nigerian militants end ceasefire

Oil prices advanced on Monday on
supply concerns as militants operating in Nigeria`s key
oil-producing region ended a ceasefire and Royal Dutch Shell
was forced to cut output after a pipeline was sabotaged.

Oil spill in Texas waterway contained: Coast Guard

The Coast Guard said a crude oil spill in a southeast Texas port had been contained to a two-mile area and was not believed to have hurt any local wildlife.

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 report, analysts said.

Oil prices mixed in Asian trade

Oil was mixed in Asian trade
on Tuesday after the energy minister of major crude producer United
Arab Emirates said he was comfortable with current price
levels.

Intravenous fish oil promises shorter hospital stays

A new research has shown that patients in the ICU who received intravenous fish oil had shorter hospital stays compared to those given standard treatment.

Oil tumbles in Asian trade on economic concerns

Oil fell in Asian trade today as economic concerns continued to weigh on investor sentiment, analysts said.

State-run oil firms to get Rs.12,000 crore as subsidy

State-run oil marketing companies will get around Rs.12,000 crore from the central government as subsidies, less than half of the Rs 31,700 crore sought by the petroleum ministry, a government official said Friday.

Oil slips below $79 in Asian trade

Oil prices extended losses in Asian trade on Friday on weak energy demand and news the US commodity and options regulator was looking to tighten controls in the energy futures market, analysts said.

Fin Min offers to pay less than half of what Oil Min seeks

The Finance Ministry has offered less than half of the Rs 31,700 crore sought by the Oil Ministry to make up for revenue losses incurred by the state-owned retailers on sale of LPG and kerosene.

Oil prices tumble to lowest levels of 2010

Oil and gas prices plunged to their lowest levels of the year on Thursday after the US government reported that supplies grew more than expected.