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Prime Minister Narendra Modi has accepted there was a slowdown in economy but also said it was temporary. (Photo: PTI)

Modi meets top global, Indian oil chiefs, targets more energy reform

India is dependent on imports to meet its 80 per cent of the demand and more than half of its natural gas requirements.

9 Oct 2017 9:40 AM GMT

Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. (Photo: PTI)

Reliance vs PSUs: Battle for pipelines to supply jet fuel in Mumbai...

Reliance, which produces a fourth of India's aviation turbine fuel, wants access to the pipelines.

15 July 2018 5:58 AM GMT

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Air India owes Rs 4,500 cr in fuel dues; hasn't paid in 200 days: Oil...

Air India offered to pay Rs 60 crore which is a drop in the ocean of what oil marketing companies owe.

23 Aug 2019 7:54 AM GMT

Facts first. Crude oil prices rose 0.61 per cent to Rs 4,157 per barrel in futures trade on July 12 as speculators raised their exposure, tracking a rebound in global markets.

Reliance, Chevron defend against US criticism of oil business with...

The White House has yet to enforce secondary sanctions announced in August aimed at non-US companies buying Venezuelan...

7 Feb 2020 7:06 AM GMT

India has the highest retail prices of petrol and diesel among South Asian nations.

IOC says oil PSUs froze fuel prices to avoid consumer pain

Oil Minister Dharmendra Pradhan said the government has nothing to do with fuel pricing.

8 May 2018 2:18 PM GMT

Under the PSC regime, oil firms are allowed to recover their cost first before earnings from blocks are shared with the government.

Govt plans to reward oil cos with additional exploration rights

Move to open up additional revenue opportunities for incumbent companies.

11 Jun 2018 3:32 AM GMT

Indian Oil Corp Ltd reported a nearly 18 per cent rise in second-quarter profit.

Indian Oil Corp signs up US crude in first ever term-tender deal

The sanctions, which would come into force from November 4, are likely to block current payment routes used to pay for...

8 Aug 2018 12:36 PM GMT

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

Oil firms corner small fields in first auction

Oil fields went to smaller firms like Megha Engineering & Infrastructure,, Enquest Drilling and Nippon Power.

16 Feb 2017 11:29 AM GMT