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

Govt wants ONGC to sell golf course in Ahmedabad that has oil wells

The golf course identified by DIPAM has two producing oil wells, sources said.

14 July 2019 12:46 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.

Oil prices drop on signs global economy slowing amid trade disputes

Oil prices are being pressured by ongoing worries about demand as the US-China trade war.

9 July 2019 9:49 AM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

ONGC discovers 230 mn tonnes of oil reserves: Pradhan

Petroleum Minister Dharmendra Pradhan said this in a written reply to a question in the Lok Sabha.

2 July 2019 11:52 AM IST

Japans Nikkei stock index slumped 0.6 per cent.

Asia shares edge up as stimulus hopes temper recession worries

MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.53 per cent, while Japan's Nikkei rose 0.54 per cent.

20 Aug 2019 12:13 PM IST

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

Oil prices edge down as traders weigh slowing demand against supply...

Brent crude futures LCOc1 were down 11 cents or 0.2 per cent, from the previous settlement.

13 Aug 2019 8:37 AM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

Saudi Aramco says H1 2019 net income slips to USD 46.9 billion

The fall in income comes amid renewed speculation the company was preparing for its much-delayed overseas stock listing.

12 Aug 2019 1:40 PM IST

InVIT will acquire 100 per cent equity interest in Pipeline Infrastructure Pvt Ltd, owner and operators of the pipeline that transports Reliance Industries Ltds eastern offshore KG-D6 gas to customers, according to a statement issued by RIL.

Reliance to produce only jet fuel, petrochemicals at Jamnagar after...

The company is preparing its Jamnagar complex to be future ready as fuel demand undergoes change.

11 Aug 2019 12:07 PM IST

Union minister Piyush Goyal borrowed the phrase to hit back at the Congress chief for a tweet targeting him over corruption allegations. (Photo: File)

Piyush Goyal to lead delegation of five CMs, business leaders to...

The commerce minister's visit would see major announcements on collaborative projects with Russia.

9 Aug 2019 8:09 PM IST

US crude oil jumped more than USD 8 to close at USD 62.90 a barrel, and Brent picked up nearly USD 9 per barrel, to reach USD 69.02. (Photo: AP)

Beijing slams US sanctions on Chinese firms over Iran oil

'It is a gross violation of the basic norms of international relations,' foreign ministry spokesman Geng Shuang said.

26 Sept 2019 4:13 PM IST

Drone attacks targeted two major Saudi Aramco processing facility and oilfield in eastern Saudi Arabia Saturday, the Interior Ministry said, sparking a huge fire at one of the sites before dawn. (Photo: File)

Saudi Arabia restores over 75 pc oil output, will return to full...

Thousands of employees and contractors have been pulled from other projects to work around the clock in bringing...

24 Sept 2019 8:53 AM IST

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.

Oil falls more than 1 pc as market awaits response to Saudi oil...

The company has not given a specific timeline for the resumption of full output.

17 Sept 2019 10:33 AM IST

Oil minister Dharmendra Pradhan on Sunday inaugurated Pradhan Mantri Ujjwala Yojana here on Sunday.

Saudi assures India of no oil supply shortage: Oil Min

A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up...

16 Sept 2019 7:17 PM IST