New Delhi: Shares of Oil and Natural Gas Corporation (ONGC) rose by over 2 per cent on Friday after the company reported a 65 per cent jump in its third quarter net profit. The company’s shares gained 2.27 per cent to close at Rs 135.10 on BSE. It jumped 6.58 per cent to Rs 140.80.
Singapore: Oil prices rose on Wednesday as producer club OPEC said it had cut supply deeply in January and as U.S. sanctions hit Venezuela’s oil exports. U.S. West Texas Intermediate (WTI) crude oil futures were at USD 53.52 per barrel at 0752 GMT, up 42 cents, or 0.8 percent, from their last close. U.S. prices […]
Singapore: Oil prices rose on Tuesday amid OPEC-led supply cuts and US sanctions against Iran and Venezuela, although analysts expect surging US production and concerns over economic growth to keep markets in check.
Greater Noida: Betting big on rising oil demand in the world’s third largest energy consumer, oil-rich UAE Monday said it is looking at investing more in refining and petrochemical projects as well as stocking more crude in India.
Greater Noida: With volatile oil prices in the past playing havoc on economies of importing nations like India, Prime Minister Narendra Modi Monday made a strong case for a responsible pricing of crude oil that balances interests of both producers and consumers, saying people must have universal assess to clean, affordable and equitable supply of […]
Greater Noida: Battling crippling US sanctions, Venezuela on Monday said it wants to sell more crude oil to India as it looked at the world’s third-biggest oil consumer to boost revenues.
New Delhi: An investment of about Rs 50,000 crore is expected in setting up of CNG stations and pipelines to take cooking gas to households in 50 towns and cities that were bid out for city gas licence in the 10th round, oil regulator PNGRB said.
New Delhi: GAIL India Ltd, the nation’s biggest gas utility, on Tuesday reported a 33 per cent jump in December quarter net profit as it sold more natural gas and transported higher volumes.
KOCHI: Ernakulam district collector Muhammad Y Safirulla convened a meeting of stakeholders on Monday to clear the apprehensions of local residents over the proposed Indian Oil Corporation’s LPG storage terminal at Puthuvype during which he said that construction of the plant would begin soon.
KOZHIKODE: Passengers forums and industrial organisations have lamented on what they called the step-motherly treatment being meted out to the Karipur International Airport even as the state and Central government are showering supporting schemes to promote the Kannur international Airport Limited (KIAL).
Singapore: Indian Oil Corp (IOC) is seeking a commissioning cargo for its new Ennore liquefied natural gas (LNG) terminal in south India, two industry sources said on Wednesday.
New Delhi: Billionaire Gautam Adaniled Adani Group on Thursday announced a partnership with German chemical giant BASF for a Rs16,000-crore factory that will mark its foray into the petrochemicals sector which is currently dominated by Mukesh Ambani-run Reliance Industries Limited.