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

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

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.Business
Crude oil futures up 1.15 per cent on positive demand

Multi Commodity Exchange, crude oil contracts for June delivery traded higher by Rs 43, or 1.15 per cent, at Rs 3,775...

19 Jun 2019 3:42 PM IST

BJP president Amit ShahIndia
Investment in energy sector discussed in meeting chaired by Shah

The meeting was also attended by the chairmen of ONGC, BPCL, NITI Aayog CEO Amitabh Kant and Petroleum Secretary.

4 Jun 2019 7:04 PM 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.Business
Oil jumps after US Navy downs Iranian drone

Brent crude futures were up USD 1.17, or 1.9 per cent, at USD 63.10 a barrel by 0505 GMT.

19 July 2019 1:13 PM IST

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

Asked whether Saudi Arabia will increase oil supply to India to address the shortfall due to curb on import of oil from Iran, the envoy said his country is committed to Indias energy security and will meet any shortfall that may arise due to disruptions from other sources. (Photo: PTI)India
We are committed to meet India's energy security needs: Saudi envoy

Yemen's Houthi terror group took responsibility for biggest-ever attacks on Saudi oil facilities which severely impacted...

22 Sept 2019 6:01 PM IST

Saudi Arabia has temporarily halted production at two Aramco oil facilities that were attacked by Yemeni rebels, interrupting about half of the companys total output, the energy minister said on Saturday. (Photo: screengrab)World
Played no role in Saudi attacks: Iran officially denies claims made by...

Saturday's attacks on Saudi energy giant Aramco's Abqaiq processing plant and Khurais oil field halved the kingdom's oil...

18 Sept 2019 4:53 PM IST

Mohammad bin Salmans remarks were made in a telephone call with South Korean President Moon Jae-in, who called on the global community to \take a firm stand and resolute action\ towards such assaults, Saudi state news agency SPA said in an Arabic-language statement. (Photo: AP)World
Saudi Arabia attack 'real test' of global will to act: Crown Prince...

The September 14 attack on two oil plants initially halved Saudi Arabia's oil production, cutting 5pc of global output.

18 Sept 2019 4:39 PM IST

India extends bid submission deadline for stake in Bharat Petroleum to September 30. (Photo- BPCL)Business
Bharat Petroleum bid submission deadline extended for second time

It was extended in view of further requests from interested bidders and the prevailing situation arising out of...

30 July 2020 9:50 AM IST

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