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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.

Business

US could offer oil at discount to compensate for Iran curbs

Crude imports from US may more than double to USD 8 billion this year.

21 Jan 2019 9:59 AM IST

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

Business

ONGC seeks partners to boost output from over 60 small oil and gas...

Selected partners will have rights over part of incremental output on top of baseline production from the blocks.

28 Jun 2019 3:25 PM IST

Danhua Capital has invested in some of Silicon Valleys most promising startups in areas like drones, artificial intelligence and cyber security. (Image: Pexels)

Business

Tech firm ZYFRA eyes $50 mn by 2021

ZYFRA's key fields of focus are machinery, metallurgy, mining, oil and gas and chemical enterprises.

14 Jun 2019 3:51 AM IST

$Tamil Nadu govt this week ordered the state Pollution Control Board to seal and \permanently\ close the Vedanta groups copper plant in Tuticorin.$ Business

Spent Rs 10,000 crore on capital expenditure in FY19: Vedanta

India imports around 80 pc of its oil and gas requirements, amounting to USD 150 billion, said Vedanta's Anil Agarwal..

11 July 2019 1:04 PM IST

Oil prices dipped on Thursday as a surge of coronavirus infections around the globe raised fears a rebound in fuel demand. (AFP Photo)

Business

Oil prices slip on demand worries as coronavirus cases rise

The potential hit to demand comes as OPEC+ countries, are set to step up output in August, adding about 1.5 million bpd...

30 July 2020 8:56 AM IST

Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts. (AFP Photo)

Business

Oil prices cautiously rise on output cut support

The market is still being supported by a bigger-than-expected drawdown in US crude stockpiles reported last week

7 July 2020 9:04 AM IST

Business

Reliance reveals detailed plan to spin off oil to chemical business

RIL has started work on hiving off O2C business into a separate unit for a possible stake sale to companies such as...

8 Sept 2020 5:00 PM IST

India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo: AIndia is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo:AP)

Business

Iran offers discount on oil and gas to Asia

Much will depend on the European Union, which has vowed to resist US sanctions on Iran.

14 Aug 2018 8:47 AM IST

Prime Minister Narendra Modi (Photo: File)

Business

Cabinet approves policy to promote and incentivise hydrocarbon...

The policy aims to build a supportive ecosystem through academic and research institutes, industry-academia...

13 Sept 2018 12:58 PM IST

Reliance Industries chairman Mukesh Ambani.

Business

Panel examining ONGC gas flowing into RIL fields

CAG had last year red-flagged $1.6 bn of excess cost recovered by RIL in KG-D6 gas block.

18 March 2017 11:17 AM IST

Business

Pradhan talks LNG deal with US energy secretary

Rick Perry said co-operation between India and the US in energy sector is in mutual interest.

9 March 2017 12:22 PM IST

Oil and gas is major contributor to countrys energy needs.

Business

Govt formulates new licensing policy to boost oil output

Country will auction oil and gas blocks under open acreage licensing policy twice a year.

7 March 2017 2:23 PM IST