India’s oil imports from Iran during the 2017/18 fiscal year fell by 15.7 per cent from a year ago as state refiners reduced purchases after a row over development rights for an Iranian natural gas field, according to data from shipping and industry sources.
Senior Congress leader P Chidambaram on Friday slammed the Modi government over the high petrol prices, saying it has become clueless and floundering and is living off an “oil bonanza.” In a series of tweets, the former Finance Minister said the BJP boasts that it is ruling 22 states but why does the NDA government…
BP and Reliance sanction second phase of integrated KG D6 development
Oil surged today close to 3.5-year peaks on simmering Mideast tensions and keen US demand, while London stocks rose with drugmaker Shire boosted by a reported takeover move.
Fuel smuggling is costing Libya more than USD 750 million each year and harming its economy and society, the head of the National Oil Company in the conflict-riddled country said.
Mukesh Ambani’s Reliance Industries (RIL) and global energy major BP said the two companies had sanctioned the second phase of integrated development for their D6 oil and gas block in the Krishna-Godavari (KG) basin.
SINGAPORE (Reuters) – Oil prices rose on Thursday to their highest since the end of 2014 as U.S. crude inventories declined and as top exporter Saudi Arabia pushes for higher prices by continuing to withhold supplies.
Crude oil prices advanced by 1.25 per cent to Rs 4,526 per barrel in futures trade today as speculators increased positions, tracking a firm trend in global markets.
NEW YORK (Reuters) – Oil prices rose on Tuesday, as support from the possibility of supply disruptions and a strong equities market offset the effects of profit-taking following last week’s rally above three-year highs.
The Skill Development Institute (SDI) Ahmedabad, promoted by Oil and Natural Gas Corporation (ONGC) in association with other oil PSUs, has secured 100 percent placement for its very first batch of ninety students.