Friday, Mar 29, 2024 | Last Update : 08:01 PM IST

Petroleum

Bharat Petroleum bid submission deadline extended for second time

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

We are committed to meet India's energy security needs: Saudi envoy

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

Played no role in Saudi attacks: Iran officially denies claims made by US

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

Saudi Arabia attack ‘real test’ of global will to act: Crown Prince Salman

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

Oil jumps after US Navy downs Iranian drone

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

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ONGC discovers 230 mn tonnes of oil reserves: Pradhan

Petroleum Minister Dharmendra Pradhan said this in a written reply to a question in the Lok Sabha.

02 Jul 2019 11:52 AM

Crude oil futures up 1.15 per cent on positive demand

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

Investment in energy sector discussed in meeting chaired by Shah

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

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp from July

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

Saudi's Falih says oil stocks still building, but OPEC to act if needed

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

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Crude oil futures fall on global cues

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

India apprehensive Iran sanctions could boost oil prices, inflation

“We are apprehensive that impact can translate higher oil prices,” affecting common person, Harsh Vardhan Shringla said.

01 May 2019 12:06 PM

Crude oil futures fall by Rs 70 amid weak trend overseas

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

India's crude oil production falls by 4.15 pc in 2018-19

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

Rising crude prices to adversely impact CAD, rupee, inflation: Report

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

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Reliance to start gas production from R-Cluster in 2nd half of FY21

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

Indian refiners turn to OPEC, Mexico, US to make up Iran oil gap

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 arrests fall in oil output from onshore wells, posts higher growth

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

Saudi oil cuts deeper than promised: International Energy Agency

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 minister says oil market headed for 'balance'

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

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