Oil | The Asian Age

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India relies more than 80 per cent on imports to meet its oil needs. (File Photo)

India's oil import bill to jump by 25 per cent in FY'18

India had imported 213.93 million tonnes (MT) of crude oil 2016-17 for USD 70.196 billion or Rs 4.7 lakh crore.

26 Mar 2018 2:38 PM

Rise in oil prices defied global stock markets, which slumped on back of worries about a trade stand-off between US and China.

Oil rises more than 1 pc as Saudi says production curbs could last into 2019

US President Donald Trump signed a memorandum that could impose tariffs on up to $60 billion of imports from China.

23 Mar 2018 11:38 AM

Once all the celebrations get over, first rinse the face with plain water and then apply a cleansing cream or face lotion over it so that it gets clean from deep within. (Photo: Pixabay)

Find out simple rituals to avoid skin, hair damage during Holi

While the festival of colours is a time to enjoy, here are ways to protect your skin before and after the rituals.

27 Feb 2018 10:13 AM

The country has the capacity to turn 247.6 million tonnes crude oil into fuel annually. (File Photo)

India plans 77 per cent rise in refining capacity by 2030: Govt

India imports 80 per cent of its energy requirements and is planning ahead to cater to the rise in demand.

08 Feb 2018 2:41 PM

The exemption will also be applicable to their wholly- or partly-owned subsidiaries operating in the oil and gas sectors. (Photo:IOCL)

Oil, gas PSU mergers exempt from CCI approval

CCEA approved sale of govt's 51.11 pc stake in oil refiner HPCL to country's largest oil producer ONGC.

23 Nov 2017 12:50 PM

Graduate student Ingrid Guha holds a jar containing a clear liquid that looks like water to the naked eye, but it’s actually an emulsion of oil and water at the nanoscale. Photo: Melanie Gonick, MIT

“Oil and Water don’t mix”, but what if they do?

Condensation-based method developed at MIT could create stable nanoscale emulsions.

11 Nov 2017 9:32 AM

World Heart Day is observed on September 29. (Photo: Pexels)

World Heart Day: When cooking oil becomes the sticking point

Virtually all cooking oils are now sold under the banner of "heart healthy".

29 Sep 2017 12:53 PM

The technique goes beyond traditional geology by amassing data about how and where minerals have formed, for instance by the cooling of lava after volcanic eruptions.

Scientists turn to big data in hunt for minerals, oil and gas

The method has already helped to discover 10 carbon-bearing minerals and could be widely applied to exploration

02 Aug 2017 1:34 PM

Bharat Petroleum Corp has made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon.

BPCL buys US oil for first time; purchases Mars, Poseidon

BPCL is the second Indian refiner to buy US Gulf crude after Prime Minister Narendra Modi's visit to Washington in June.

17 Jul 2017 9:55 AM

Oil recovered slightly from steep falls.

Oil edges up, set for worst H1 performance in 20 years

Brent crude futures were at $45.31 per barrel up 9 cents or 0.2 per cent from their last close.

23 Jun 2017 10:47 AM

In the first five months of 2017, India's oil imports from Iran still jumped about 64 per cent, the data showed.

India's oil imports from Iran plunge over gas field row

India plans to order about a quarter less Iranian crude due to a snub over development of Iran's Farzad B gas field.

15 Jun 2017 4:48 PM

Up Untill a year ago, Russia and Saudi Arabia had virtually no dialogue at all.

Oil giants Russia-Saudi in new ‘Axis of Love’

Meeting shows convergence of two big oil suppliers to manage oil price.

02 Jun 2017 3:31 AM

Saudi Arabia and non-Opec Russia have said they see a need for an extension to output reductions.

Oil prices to gain as supply cut brightens

The battle between bulls and bears is going on, says Expert.

20 May 2017 6:19 AM

NSE index Nifty was down 0.46 per cent at 9,316.55 as of 0530 GMT, while the benchmark BSE index Sensex was 0.49 per cent lower at 29,979.16.

Nifty down after hitting record high; oil explorers hit

Nifty PSU bank index rose as much 2.35 per cent to its highest since March 4, 2015.

05 May 2017 12:56 PM

Crude production at 3.09 million tonnes was 0.9 per cent higher than 3.06 mt in March 2016.

March crude oil output gets ONGC lift, grows modestly

Oil production for the all of 2016-17 is 2.5 per cent lower than 36.94 mt a year earlier.

25 Apr 2017 10:23 AM

Annually, Rs 2,500 crore of fuel is bought at petrol pumps and now a part of it being talked of being home delivered.

Wrap-up: Home delivery of petrol, diesel likely

As many as 3.5 crore people currently visit 59,595 petrol pumps in the country for buying auto fuel.

23 Apr 2017 6:53 AM

Men watch TV, play games and drink tea while gathering at a tent in a winter camp close to Kuwait’s border with Saudi Arabia. (Photo: AFP)

Nostalgic Kuwaitis turn to Bedouin roots in luxury tents under stars

Shimmari’s camp is just one of many set up in Al-Julaia, around 70 km (45 miles) from the capital Kuwait City.

01 Feb 2017 5:51 AM

Oil imports rise by 165 per cent and account for 56 per cent of the increase in imports.

India's oil consumption to race past world's

Oil consumption will rise beom 4.1 million barrels per day in 2015 to 9.2 million bpd in 2035.

26 Jan 2017 2:22 PM

Internally displaced people flee fighting between Iraqi forces and Islamic State militants on a road in eastern Mosul, Iraq. (Photo: AP)

UN warns of oil spill south of Mosul

The warnings came in report released on environmental damages caused by oil fires intentionally started by retreating IS militants.

13 Jan 2017 1:28 PM

US crude stocks dropped sharply to end the year, the Energy Information Administration said, with a draw of 7.1 million barrels.

Oil steady after gains on Saudi output cuts

Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd.

06 Jan 2017 7:48 AM

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Shobhaa De