Saudi national oil company Aramco has donated $500,000 (about Rs 3.8 crore) to the Indian Red Cross Society to support its efforts to contain the spread of Covid-19.The humanitarian support is part of Aramco’s global response to Covid-19, the company said in a statement. “The donation will be used to buy protective equipment and medical…
In a push to gain rapid political and economic ascendency across the globe, China is dispensing billions of dollars in the form of concessional loans to developing countries China has been using the financial tool of debt to gain influence across the world and grab considerable power in India’s neighbouring countries, thereby increasing the amount…
“Unbridled” hike in fuel prices coupled with extortion at border check-posts in states has hit truckers hard and if the government fails to intervene, disruption of transport services cannot be ruled out, transporters’ body AIMTC said on Wednesday. The All India Motor Transport Congress (AIMTC) is the apex umbrella body of transporters, representing about 95…
NEW DELHI : The Supreme Court on Wednesday issued notice to Vedanta Limited, Ravva Oil Limited and Videocon Industries Limited on the plea seeking stay on Delhi High Court’s order allowing the enforcement of the arbitrations award allowing Vedanta Ltd and Videocon Industries Ltd to recover $499 million instead of $198 million capped by the…
NEW YORK- Oil prices rose 3% in volatile trade on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. Brent crude futures LCOc1 ended the session up $1.24, or 3.1%, at $40.96 a…
NEW YORK: Oil prices rose on Tuesday as Wall Street surged and the International Energy Agency (IEA) increased its oil demand forecast for 2020, but gains were capped by worries about a second wave of coronavirus cases. Brent crude futures were up 59 cents, or 1.5 per cent, to $40.31 a barrel by 11:13 a.m.…
This was supposed to be Saudi Arabia’s year to shine as host of the prestigious G20 gathering of world leaders. The event would have seen Crown Prince Mohammed bin Salman share handshakes and wide smiles with presidents and prime ministers. Instead, the gathering this November will likely be a virtual meet-up, stripping its host of…
Venezuela’s oil exports have fallen nearly 28% in the first half of June, on course for its lowest level in over 70 years as tanker owners and operators suspend contracts for transporting crude from once South America’s largest oil supplier, according to documents and data on Tuesday. Shipping firms are avoiding Venezuela after the United…
Massive build-ups in stocks in recent months are set to keep profit margins for refining crude into petroleum products like road and aviation fuels subdued, the International Energy Agency said on Tuesday. “Large implied product stock builds set the stage for a subdued margin environment for the near future,” the IEA warned.The new coronavirus outbreak…
Driller charged over contamination in ‘Gasland’ townNew Delhi: An energy company faces felony charges for polluting residential water wells in a Pennsylvania community that has long been a battleground in the national debate over natural gas drilling and fracking. Houston-based Cabot Oil & Gas Corp. was charged Monday following a grand jury investigation that found…
English
Arabic
Chinese (Simplified)
Gujarati
Hindi
Marathi
Persian