Exports of Iranian oil have improved since early November, Iran’s president Hassan Rouhani said in a statement broadcast live on state TV on Tuesday. The United States imposed sanctions on Iran’s oil industry in early November and U.S. officials have said they want to reduce Iran’s oil exports to zero. Tensions have spiked between Iran […]
Day: December 11, 2018
India’s falling oil, gas production a concern: Minister
India’s falling oil and gas production is a matter of concern, Oil Minister Dharmendra Pradhan said, adding the government will soon set up a gas trading hub. India’s crude oil production in October dropped 5 percent from a year earlier to about 2.89 million tonnes, while natural gas output was down 0.4 percent at 2.80 […]
Mid-air smoke forces IndiGo flight to make emergency landing in Kolkata
A Jaipur-Kolkata IndiGo flight with 136 passengers on board made an emergency landing in Kolkata after smoke engulfed the plane mid-air, prompting the government to order a probe, an official said Tuesday. However, no passengers were injured in the incident that happened on Monday, a senior DGCA official said. The pilot had to issue a […]
Oil prices under pressure amid global market unease, but Libyan disruption supports
Oil prices were under pressure on Tuesday amid worries over global stock markets and doubts that planned output cuts led by producer club OPEC will be enough to rein in oversupply. But traders said crude prices received some support after Libya’s National Oil Company (NOC) declared force majeure on exports from the El Sharara oilfield, […]
Airports to get remote and mirror image control of busy ATCs
The Airports Authority of India (AAI) now plans to have remote as well as mirror image air traffic control systems as it looks to save costs and put in place reliable back up options in case of any system failures. According to a PTI report, the national airports operator is now in the process of […]