The rupee on Tuesday recovered 22 paise to close at 72.67 against the US currency on easing crude oil prices and better-than-expected macroeconomic data.
In line with NITI Aayog’s stress on pacing up development by involving the public and the private sectors, memorandum of understanding (MoU) worth Rs one crore was signed between the Haridwar district administration and the refinery and supply unit of Indian Oil Corporation (IOC) on Tuesday.
Blaming the Chief Minister Trivendra Singh Rawat for violating the model code of conduct enforced in the State in view of the upcoming urban local body (ULB) elections, the State Congress has demanded that the State Election Commission should take a serious note of it and take prompt action against him.
India Monday signed an initial pact to lease out a part of its underground strategic oil storage at Padur in Karnataka to Abu Dhabi National Oil Co (ADNOC) for storing crude oil, the second such deal with the UAE firm this year, Oil Minister Dharmendra Pradhan said.
Saudi Arabia’s Energy Minister Khaled al-Falih on Monday said the Organization of the Petroleum Exporting Countries (OPEC) and its allies have agreed to reduce oil supply by 2019 to some 1 million barrels per day.
The government is mulling selling as many as 149 small and marginal oil and gas fields of ONGC to private and foreign companies and allow the state-owned firm to focus only on big fields, sources with knowledge of the development said.
US President Donald Trump on Monday urged Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) not to cut their oil production.
Haryana Chief Secretary DS Dhesi on Sunday said that crop residue based Compressed Bio Gas (CBG) plants would be established in three districts of the State namely Kurukshetra, Kaithal and Jind.
Petrol price has been cut by over Rs 4 per litre and diesel by Rs 2.33 in the last 18 days on softer international rates, a pace faster than the spike in prices witnessed in the two-month period beginning mid-August.
US sanctions against importers of Iranian oil threaten the crude oil market’s precarious balance and risk surging prices, all under Saudi Arabia’s watchful gaze, according to experts.