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Though Dubai depends less on oil income, fluctuations in crude oil prices have affected all sectors of its economy. The slowdown took its toll on the small and unorganised sectors in the form of unpaid outstanding dues for companies, unpaid wages for workers and large scale job losses.

Crude oil imports may be cut as fuel crosses Rs 90

Since mid-August, petrol has risen by Rs 5.58 a litre and diesel by Rs 5.3 a litre.

25 Sept 2018 3:30 AM

Indian Oil Corp has delayed maintenance shutdown at its 300,000 barrels per day (bpd) Paradip refinery in eastern Odisha state to March-April, a company spokesman said on Friday. (Photo:IOCL)

Indian oil refiners issue tanker tenders aimed at boosting domestic...

Shift to five-year contracts would give millions of dollars in tanker contracts to the Indian carriers.

4 Dec 2017 10:14 AM