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Oil eases from four-month high on global growth worries

Oil prices edged lower on Thursday, retreating from a four-month peak, as fears of a slowing global economy weighed on market sentiment.

Mar 21, 2019, 07:47 AM IST

Oil prices edge up, but set for first annual drop since 2015

Oil prices edged higher on Monday, the last day of 2018, but were en route for their first annual drop in three years as fears of a slowing global economy and emerging supply glut outweighed impending OPEC-led production cuts. 

Jan 01, 2019, 07:47 AM IST

In a bid to boot out US pressure on India, Iran ready for oil supplies on 'flexible measures'

While India maintains national interests are primary, market analysts and strategic experts believe US sanctions on Iran could determine how countries deal with importing oil from the West Asian country.

Jul 13, 2018, 13:29 PM IST

ONGC, OIL face risk of subsidy sharing: Moody's

ONGC and OIL, it said, have not contributed to fuel subsidies since June 2015, but have in previous years paid for over 40 per cent of the country's annual subsidy bill.

May 22, 2018, 17:44 PM IST

North Korea has asked for oil to refuel ferry carrying Olympics delegation - South Korea

North Korea has asked South Korea to provide oil to refuel a ferry carrying its Olympics delegation, Seoul`s Unification Ministry said on Wednesday. 

Feb 07, 2018, 10:06 AM IST

Petroleum Ministry asks oil companies to rationalise prices of commercial LPG cylinders

The order aims to ensure that commercial cooking gas is not sold at a price lower than domestic non-subsidised cooking gas.

Dec 29, 2017, 12:55 PM IST

Oil steadies above $62 per barrel, expected fall in US inventory supports

An OPEC-led producer group last week extended a supply-cutting deal through 2018, but the resulting support for prices could bolster US output which climbed to nearly 9.5 million barrels per day in September.

Dec 05, 2017, 16:43 PM IST

Haven't heard from Iran on $11 billion offer for gas field: OVL

Iran, India's third biggest oil supplier, used to give a 90-day credit period to refiners like Indian Oil Corp (IOC) and Mangalore Refinery and Petrochemicals Ltd (MRPL) to pay for the oil they would buy from it.

Oct 09, 2017, 15:45 PM IST

Dharmendra Pradhan raises issue of premium on oil supplied to Asian countries by OPEC

Petroleum Minister Dharmendra Pradhan on Sunday again raised the issue of premium being charged on oil supplied to Asian countries by some OPEC members and asked that a reasonable pricing policy be adopted by the 13-nation producers' cartel.

Oct 08, 2017, 23:37 PM IST

Arun Jaitley urges states to cut VAT on petrol, diesel

Jaitley, who is here on three-day official visit, said the Rs 2 per litre cut in excise duty on petrol and diesel was done to give relief from relentless increase in prices and leave more money in hands of consumers.

Oct 04, 2017, 22:16 PM IST

Do you reuse oil to fry food? It can be the reason for heart disease

Fats in food items are of four types – saturated, unsaturated, mono and trans, with the last most dangerous and their presence in any oil going up if it is cooked for a long duration or as soon as it emits smoke.

Sep 30, 2017, 18:15 PM IST

China slashes trade ties with North Korea; cuts gas, iron ore imports

Beijing has halted its imports of coal, iron ore, seafood and other goods, implementing UN sanctions imposed on North Korea for its provocative nuclear and missile tests.

Sep 23, 2017, 18:12 PM IST

ONGC strikes 'good' offshore oil, gas find: Sources

The Mumbai High field annually produces oil and natural gas of about 9 million to 10 million tonnes of oil equivalent.

Sep 20, 2017, 12:53 PM IST

New way to mix water and oil identified

The team squeezed methane and water molecules between two ultra-sharp diamonds and compressed them by bringing the two anvil points together.

Aug 29, 2017, 20:38 PM IST

ONGC gets green nod for exploratory drilling in KG basin

The current production of oil and gas is 750-800 tonnes per day and 2.5-3 million cubic metres of gas, respectively, from various facilities in this area.

Jun 27, 2017, 13:52 PM IST

Five lesser-known health benefits of almond oil!

Almond oil is considered to be good for skin and a boon for our health.

May 13, 2017, 21:02 PM IST

Oil off on supply fears; stocks slip before French election

Oil prices fell on Friday as oversupply concerns resurfaced, while the euro and stocks slipped ahead of the first round of the French presidential election on Sunday.

Apr 22, 2017, 15:24 PM IST

Oil prices claw back some losses, but oversupply still weighs

US gasoline stocks posted a counter-seasonal build of 1.5 million barrels, because of rising refining activity.

Apr 20, 2017, 11:03 AM IST

OIL raises $500 mn in overseas bonds to part repay bridge loan

State-owned Oil India Ltd has raised USD 500 million through overseas bonds to pay for the bridge loan it had taken to acquire stake in Russian oilfields.

Apr 12, 2017, 15:19 PM IST

Oil prices firm on strong demand, political uncertainty in Syria

US West Texas Intermediate (WTI) crude futures were up 10 cents at $52.34 a barrel.

Apr 10, 2017, 10:19 AM IST