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Cooking oil may prevent bacteria on food processing equipment

Many foods produced on an industrial scale in enormous stainless steel machines that can be difficult to clean

1 Aug 2018 11:44 AM IST

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

Oil rises ahead of renewed US sanctions against Iran

Spot Brent crude oil futures were at $73.88 per barrel at 0241 GMT on Tuesday, up 13 cents, or 0.2 per cent.

7 Aug 2018 10:40 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.

Oil prices inch up on Saudi output cut, but slowing economic growth...

Brent crude oil futures LCOc1 were at $72.81 per barrel at 0515 GMT, up 20 cents, or 0.3 per cent.

14 Aug 2018 12:00 PM IST

The technique goes beyond traditional geology by amassing data about how and where minerals have formed, for instance by the cooling of lava after volcanic eruptions.

Scientists turn to big data in hunt for minerals, oil and gas

The method has already helped to discover 10 carbon-bearing minerals and could be widely applied to exploration

2 Aug 2017 1:34 PM IST

Bharat Petroleum Corp has made its first purchase of US oil, buying high sulphur crudes Mars and Poseidon.

BPCL buys US oil for first time; purchases Mars, Poseidon

BPCL is the second Indian refiner to buy US Gulf crude after Prime Minister Narendra Modi's visit to Washington in June.

17 July 2017 9:55 AM IST

The broad-based NSE Nifty, which hit a low of 8,552.40 intra-day, managed to cut down losses and ended lower 71.45 points, or 0.83 per cent, at 8,561.30.

Nifty down after hitting record high; oil explorers hit

Nifty PSU bank index rose as much 2.35 per cent to its highest since March 4, 2015.

5 May 2017 12:56 PM IST

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

Oil prices climb on expectation of OPEC output cut

International Brent crude oil futures were at $49.22 a barrel, up 10 cents.

23 Nov 2016 7:39 AM IST

In recent days, several OPEC members including Iran, along with non-member Russia, have suggested they were leaning toward a deal to limit output.

Oil prices climb on expectation of OPEC output cut

Brent crude futures LCOc1 settled at $48.90 a barrel, up $2.04, or 4.4 per cent.

22 Nov 2016 7:35 AM IST

European oil firms jumped more than two per cent on the oil surge and helped the pan-regional STOXX50 index add 0.2 per cent, having just had its best week in exactly five years.

India's oil consumption to race past world's

Oil consumption will rise beom 4.1 million barrels per day in 2015 to 9.2 million bpd in 2035.

26 Jan 2017 2:22 PM IST

Internally displaced people flee fighting between Iraqi forces and Islamic State militants on a road in eastern Mosul, Iraq. (Photo: AP)

UN warns of oil spill south of Mosul

The warnings came in report released on environmental damages caused by oil fires intentionally started by retreating IS...

13 Jan 2017 1:28 PM IST

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

Oil steady after gains on Saudi output cuts

Saudi Arabia has been curbing oil output in January by at least 486,000 barrels per day (bpd) to 10.058 million bpd.

6 Jan 2017 7:48 AM IST

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

Oil prices to gain as supply cut brightens

The battle between bulls and bears is going on, says Expert.

20 May 2017 6:19 AM IST