It was extended in view of further requests from interested bidders and the prevailing situation arising out of COVID-19, the ministry said
30 Jul 2020 9:50 AM
Yemen's Houthi terror group took responsibility for biggest-ever attacks on Saudi oil facilities which severely impacted global oil supply.
22 Sep 2019 6:01 PM
Saturday's attacks on Saudi energy giant Aramco's Abqaiq processing plant and Khurais oil field halved the kingdom's oil output.
18 Sep 2019 4:53 PM
The September 14 attack on two oil plants initially halved Saudi Arabia's oil production, cutting 5pc of global output.
18 Sep 2019 4:39 PM
Brent crude futures were up USD 1.17, or 1.9 per cent, at USD 63.10 a barrel by 0505 GMT.
19 Jul 2019 1:13 PM
Petroleum Minister Dharmendra Pradhan said this in a written reply to a question in the Lok Sabha.
02 Jul 2019 11:52 AM
Multi Commodity Exchange, crude oil contracts for June delivery traded higher by Rs 43, or 1.15 per cent, at Rs 3,775 per barrel.
19 Jun 2019 3:42 PM
The meeting was also attended by the chairmen of ONGC, BPCL, NITI Aayog CEO Amitabh Kant and Petroleum Secretary.
04 Jun 2019 7:04 PM
IOC has signed separate annual contracts with Norway’s Equinor and Algeria’s Sonatrach to buy 4.6 million tonnes of US oil.
18 May 2019 5:40 PM
OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.
18 May 2019 1:46 PM
The oil contracts for delivery in July fell by Rs 133, or 3.04 per cent, to Rs 4,243 per barrel in a business volume of 13 lots.
06 May 2019 3:43 PM
“We are apprehensive that impact can translate higher oil prices,” affecting common person, Harsh Vardhan Shringla said.
01 May 2019 12:06 PM
The oil for delivery in June also fell by Rs 64, or 1.37 per cent, to Rs 4,592 a barrel in 695 lots.
26 Apr 2019 4:15 PM
Falling domestic crude oil production has pushed up India’s oil imports to nearly 84 per cent of total consumption.
26 Apr 2019 12:00 PM
A 10 pc spike in crude prices can result in a 0.40 pc widening of the CAD and also push up inflation by 0.24 pc.
24 Apr 2019 2:15 PM
Reliance and its partner BP Plc had in 2017 announced an investment of Rs 40,000 crore in three sets of discoveries.
19 Apr 2019 6:16 PM
Refiners have not yet placed orders for Iranian oil for May, when current waiver expires, pending clarity from US.
17 Apr 2019 4:55 PM
ONGC produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50 years old.
14 Apr 2019 12:10 PM
The Paris-based IEA said production by OPEC kingpin Saudi Arabia dropped to its lowest level in two years in March.
11 Apr 2019 6:11 PM
Saudi Energy Minister Khalid al-Falih said he did not "think we need to" when asked if kingdom was prepared to make additional cuts.
08 Apr 2019 3:38 PM