Home » oil

You Searched For "oil"

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.

Saudi minister says oil market headed for 'balance'

Saudi Energy Minister Khalid al-Falih said he did not "think we need to" when asked if kingdom was prepared to make...

8 April 2019 3:38 PM IST

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

Saudi to supply an extra 2 million barrels a month to Indian Oil Corp...

IOC has signed separate annual contracts with Norway's Equinor and Algeria's Sonatrach to buy 4.6 million tonnes of US...

18 May 2019 5:40 PM IST

Members of the Organisation of the Petroleum Exporting Countries (OPEC) are seeking a close balance between supply and demand, Khalid al-Falih said.

Saudi's Falih says oil stocks still building, but OPEC to act if...

OPEC, Russia and other non-OPEC producers have agreed to reduce output by 1.2 bpd from Jan 1 for six months.

18 May 2019 1:46 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.

IOC ties up oil from US, Saudi to make up for Iran shortfall

IOC and other Indian refiners stopped importing crude oil from Iran this month following the US' move to end sanction...

17 May 2019 7:38 PM IST

Saudi Arabias Energy Minister Khalid al-Falih said on Monday that two Saudi oil tankers were targeted on Sunday. (Photo:AP)

Two Saudi oil tankers attacked near UAE waters: Saudi Minister

One of the two vessels was on its way to be loaded with Saudi crude oil from the port of Ras Tanura.

13 May 2019 11:53 AM 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 on global cues

The oil contracts for delivery in July fell by Rs 133, or 3.04 per cent, to Rs 4,243 per barrel in a business volume of...

6 May 2019 3:43 PM IST

Petroleum minister Dharmendra Pradhan has said the government is open to Saudi oil giant Aramcos interest to own majority stake in the proposed Rs 3-trillion refinery at Ratnagiri.

India likely to import more oil from Saudi Arabia

Oil minister Dharmendra Pradhan in a tweet in April had said a robust plan for an adequate supply of crude oil to...

3 May 2019 2:42 AM 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 slip on weak global trend

Analysts said, continuous selling by participants in line with a weak trend in global crude mainly weighed on crude...

2 May 2019 2:12 PM IST

The market seems unwilling to push oil towards $50 a barrel ahead of the Thanksgiving holiday tomorrow.

India apprehensive Iran sanctions could boost oil prices, inflation

We are apprehensive that impact can translate higher oil prices, affecting common person, Harsh Vardhan Shringla said.

1 May 2019 12:06 PM IST

Vedanta Resources Group Chairman Anil Agarwal

Privatise mining to cut back USD 400 bn of imports: Vedanta's Anil...

Vedanta's Anil Agarwal asserted that increased mining can add USD 500 billion to the economy and create two crore jobs.

24 Jun 2019 3:57 PM IST

ONGC on Thursday reported a 8.2 per cent drop in its June quarter net profit after sharp reduction in natural gas rates.

ONGC topples IOC to regain most profitable PSU tag

Oil and Natural Gas Corp reported a 34 per cent jump its in 2018-19 fiscal net profit to Rs 26,716 crore.

2 Jun 2019 5:01 PM IST

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

India's overhauled oil policy unlikely to be a game-changer: Wood...

Union Cabinet in February had approved a policy for awarding acreage, based primarily on exploration work commitment.

17 July 2019 2:55 PM IST