India is losing the advantage of substantially low international oil prices as its cost of crude imports in rupee terms has surged 69% in just two months, forcing state-run companies to raise the cooking gas price for the first time since February by Rs 11.50 a cylinder. State-run Indian Oil Corporation (IOC), the country’s largest…
Aviation turbine fuel (ATF) price in the national Capital was on Monday hiked by a steep 56.5 per cent, or Rs 12,126.75 per kilolitre (kl), to Rs 33,575.37 a kl (from Rs 21,448.62 a kl in May) and that of non-subsidised liquefied petroleum gas (cooking gas or LPG) by Rs 11.5 to Rs 593 per…
After doorstep conveyance of diesel, the administration is seeing beginning home conveyance of petroleum and CNG for the more prominent comfort of clients, Oil Minister Dharmendra Pradhan said on Friday.Also, the legislature is taking a gander at disclosing another fuel retailing model where a wide range of energizes — petroleum, diesel, CNG, LNG and LPG…
Global oil prices soared again on Friday, with US futures ending May with fantastical record monthly gains on hopes global output would fall fast enough to meet a rise in global consumption. Those hopes were supported by a fall in the number of US and Canadian oil and gas rigs to record lows which signal…
Abu Dhabi: Oil prices extended their rally for a fifth consecutive weekly high, as oil markets ended the month May on a positive note driven by production cuts and global economies easing their lockdown measures. Brent was trading at $37.84 on Friday’s closing, with West Texas Intermediate (WTI) on $35.49, as the American benchmark recorded…
The battle lines are already drawn in a high-stakes political contest that will ostensibly determine the fate of the American shale industry. On the blue corner is former VP Joe Biden, who has not only pledged to steer the U.S. to a net-zero carbon emissions status by 2050 but is also hell-bent on stopping key…
Seeking to deter further shipments of Iranian fuel to Venezuela, the Trump administration has quietly warned foreign governments, seaports, shipping companies and insurers that they could face stiff U.S. sanctions if they aid the tanker flotilla, the U.S. envoy on Venezuela told Reuters on Friday. Elliott Abrams, Washington’s special representative on Venezuela, said the pressure…
Not even a full month into OPEC’s deep production cut agreement, rumors have already surfaced that there is a difference of opinion over a possible extension of the oil production cuts—as usual, with Saudi Arabia on one side and Russia on the other. But discussions seem premature, given the latest survey that suggests that the…
As opinions continue to differ on whether OPEC will extend its current oil output cut beyond June, available information has shown that not all members of the oil cartel complied fully with their agreed quotas for the month of May. This is despite the fact that the oil output by OPEC member countries reached its…
GUWAHATI: Three days after an explosion occurred at an oil well in Assam’s Tinsukia district on Wednesday, the emission of natural gas from the well still continued on Saturday. Sources in OIL said all possible measures had been already taken to save people living in adjoining villages by evacuating them to a safer location. They…
English
Arabic
Chinese (Simplified)
Gujarati
Hindi
Marathi
Persian