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Indian Oil Corp (IOC) bagged three fields, the same number as new entrant PFH Oil and Gas Pvt Ltd got.

Indian Oil to turn to traditional suppliers to meet Iran oil shortfall

IOC plans to buy 140,000 bpd of Iranian oil in 2018-19 and has an option to buy an additional 40,000 bpd.

23 May 2018 10:20 AM IST

The issue of petrol and diesel prices is also expected to come for discussion during the Union Cabinet meeting on Wednesday.

IOC hints at more fuel price hikes

Finance ministry is averse to slash excise duty; Union Cabinet to discuss issue today.

23 May 2018 1:26 AM IST

Sensex opened higher at 26,756.66.

National polls, trade war and crude oil: A cautious new year ahead for...

Experts believe the overall movement for the benchmark Sensex may also end up in 2019 at around 5 per cent.

31 Dec 2018 12:02 PM IST

The Cabinet on Wednesday approved the National Policy on Biofuels which allows doping of ethanol produced from damaged foodgrains, rotten potatoes, corn and sugar beet with petrol to cut oil imports by Rs 4,000 crore this year alone.

Seek new fuel sources

India has its own resources which for some reason has never been fully exploited.

19 May 2018 1:57 AM IST

We take the views of Prime Minister Narendra Modi seriously who (like US President Donald Trump) is equally vocal about the issue, said Saudi oil minister Khalid Al Falih. (Photo: AP)

We take PM Modi's views seriously while deciding oil prices: Saudi...

India is world's third largest oil consuming nation, which is more than 80 per cent dependent on imports to meet its...

7 Dec 2018 12:18 PM IST

Ever since the government came to power in 2014, experts pointed out that the lower crude oil prices over the last few years had helped the government to significantly improve Indias macro economic indicators.

Oil near Nov 2014 highs firm as markets tighten amid OPEC cuts

Brent crude futures LCOc1, the international benchmark for oil prices, were at $78.37 per barrel.

15 May 2018 8:18 AM IST

Crude oil was trading higher 0.68 per cent to Rs 4,139 per barrel in futures market on Thursday.

Oil ebbs from multi-year highs on surge in US drilling

Brent and WTI last week reached their highest since November 2014 at $78 and $71.89 per barrel respectively.

14 May 2018 9:05 AM IST

ONGC may buy all of the governments 51.11 per cent stake in HPCL

ONGC Videsh drags Sudan to arbitration to recover USD 400 mn

The payment of dues on account of crude oil purchased by the government of Sudan has not been received.

13 May 2018 12:58 PM IST

Oil and Natural Gas Corp (ONGC) has become Indias first company to hold a meeting of its Board of Directors at high sea. (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 March 2018 2:38 PM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

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

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

23 March 2018 11:38 AM IST

US oil shipments to China have surged, creating trade between the worlds two biggest powers that until 2016 just did not exist.

Oil prices fall as increased US drilling points to higher output

US crude oil production has risen by more than a fifth since mid-2016, to 10.38 million barrels per day.

19 March 2018 10:21 AM IST

Most foreign investors have priced in a second term for the Narendra Modi government in the 2019 general elections, says a multi-country survey of investors done by global research firm UBS.

Narendra Modi win in 2019 is priced in

Most foreign investors have priced in' a second term for the Narendra Modi government in the 2019 general elections.

9 May 2018 11:44 AM IST