NEW DELHI/DUBAI: Abu Dhabi National Oil Co. (ADNOC) has signed a preliminary agreement to use half of the Padur strategic reserve facility in Southern India, which can store about 2.5 million tonnes or 18 million barrels of crude, the UAE firm said on Monday.
MUMBAI: After moving between gains and losses, the benchmark BSE Sensex Tuesday ended with 332 points gain on strong buying in energy, infra and banking stocks amid fresh foreign fund inflows and recovery in the rupee.
BENGALURU: The busy ITPL main road and surrounding areas witnessed a massive traffic jam on Monday morning as a gas pipeline belonging to GAIL India Limited, was breached during ongoing Namma Metro work at Garudacharpalya near Hoodi. The breach
NEW DELHI: The downward slide in petrol and diesel prices continued on Monday after rates were cut by 30-20 paise a litre on softening international oil prices.
MUMBAI: Vedanta Ltd, that operates the prolific Barmer oil and gas block in Rajasthan, formerly Cairn India, said that it has got a 10-year extension of contract to operate the block.
LONDON Oil prices fell on Tuesday on expectations of an increase in U.S. crude inventories, but reports of a fall in Iranian oil exports helped limit losses.
TOKYO: Oil prices extended gains into a fourth session on Wednesday, buoyed as industry data showed a surprise decline in U.S. crude inventories and as geopolitical tensions over the disappearance of a prominent Saudi journalist stoked supply worries.
VIJAYAWADA: With an aim to give relief from the burden of increasing LPG prices to lakhs of households and provide natural gas for vehicles and industries at around 40 per cent cheaper rate, Chief Minister N Chandrababu Naidu has directed officials to work out special strategies to make AP a gas-based economy and develop natural…
SINGAPORE: Oil prices rose on Friday as traders anticipated a tighter market due to U.S. sanctions against Iran’s crude exports, which are set to start next month.
NEW DELHI: India will buy 9 million barrels of Iranian oil in November, two industry sources said, indicating the world’s third-biggest oil importer will continue purchasing crude from the Islamic Republic despite U.S. sanctions coming into force on Nov. 4.