Home » oil

You Searched For "oil"

The oil ministry held a meeting with refiners on Thursday, urging them to scout for alternatives to Iranian oil, the sources said.

With new trade tensions with US looming, India looks to extend Iran...

India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day.

8 March 2019 1:06 PM IST

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

India's diesel demand to hit record highs in 2019 as country goes to...

India's economy is expected to grow by 7.2 per cent in the 2018-19 financial year versus 6.7 per cent the previous year.

1 March 2019 1:16 PM IST

A fuel glut in China, a hangover from demonetisation in India, and an ageing, declining population in Japan are holding back crude oil demand growth in three of the worlds top four oil buyers.

Oil rises on OPEC-led supply cuts, but economic weakness weighs

Traders said oil markets were currently tightening.

1 March 2019 12:36 PM IST

Trump told the premier that he pledged United States support to Sri Lanka in bringing the perpetrators to justice. (Photo:AP)

US oil sanctions take effect on Venezuela as crisis intensifies

It is among a volley of steps by President Donald Trump to oust Maduro and install opposition leader Juan Guaido.

28 April 2019 1:02 PM IST

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 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 April 2019 4:15 PM IST

Fitch estimates that the banking sector will require around USD 90 billion in new total capital by 2018-19 fiscal to meet Basel-III standards and ongoing business needs.

Fitch Ratings sees risks to OMCs as govt seeks more returns

Struggling to meet budget targets, the government had asked cash-rich PSUs to pay second interim dividend.

26 April 2019 2:26 PM IST

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

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 April 2019 12:00 PM IST

The source confirmed a report by a Washington Post columnist that the administration will terminate the sanctions waivers it had granted to some importers of Iranian oil late last year. (Representational Image)

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 April 2019 2:15 PM IST

Reliance Industries plans to shut oil and gas production at its main fields in KG-D6 block in the coming months.

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 April 2019 6:16 PM IST

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.

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 April 2019 4:55 PM IST

We expect the global leaders will understand our requirements, Petroleum Minister Dharmendra Pradhan said.(Photo: File | PTI)

ONGC arrests fall in oil output from onshore wells, posts higher...

ONGC produced 6.141 million tonnes of crude oil from its onshore fields despite majority of them being more than 50...

14 April 2019 12:10 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

Overhauled oil policy to apply from 4th bid round: DGH

Union Cabinet had in February approved a policy for awarding blocks based on exploration commitment such as drilling of...

9 April 2019 3:33 PM IST