Oil prices on Thursday hit their highest in more than two and a half years, touching levels not seen since before a slump in commodity markets in 2014/15, boosted by tensions in key producer Iran and by ongoing OPEC-led output cuts. Prices were also buoyed by Asia’s stock markets, which flirted with 10-year highs on […]
Day: January 4, 2018
Oil firms to cut spending on new exploration for fifth year in a row
Despite the strongest start for oil prices in four years, the world’s top oil companies are hesitating to accelerate the search for new resources as a determination to retain capital discipline trumps the hope of making bonanza discoveries. Exxon Mobil, Royal Dutch Shell, Total and their peers are set to cut spending on oil and […]
UP govt has started process of acquiring land for Jewar Airport: Centre
The Uttar Pradesh government has issued an Express of Interest (EoI) application to set up an airport at Jewar near Delhi and has started the process of acquiring land for it, Civil Aviation Minister Ashok Gajapathi Raju said today. Raju said in Lok Sabha the central government has received the EoI of the Uttar Pradesh […]
130 km of roads constructed every day under PMGSY: Govt
An average 130 km of roads are being constructed every day under the Pradhan Mantri Gram Sadak Yojana (PMGSY), the highest in the last 7 years, Union Minister Nitin Gadkari claimed today. Gadkari said in Lok Sabha that the central government has taken a decision to accelerate the execution of PMGSY to substantially complete the […]