Dubai: Bond investors rattled by Bahrain’s fiscal woes last year are bracing for the next potential crisis in the Gulf region: Oman.
Day: February 4, 2019
Oil has short-sellers on the run, helping fuel a New Year’s rally
New York: Oil’s rally is driving doubters out of the market, with hedge funds abandoning more than half of their short-selling bets in just four weeks.
Proposed capex for oil PSUs at 4-year low
State-owned oil and gas companies in India are set for their lowest spending in the last four financial years with the interim budget proposing a capital outlay of ₹93,639 crore for 2019-20 .
OMCs seek waiver extension for Iran oil
MUMBAI: State-run refiners Indian Oil Corp. Ltd (IOCL), Bharat Petroleum Corp. Ltd (BPCL) and Hindustan Petroleum Corp. Ltd (HPCL) are hoping the US will extend a waiver on sanctions imposed on Iran to let them continue crude oil imports from the Middle East nation, said two officials at the oil marketing companies.
41 apply for 3 vacancies in power department
Hyderabad: There is tough competition for the posts of chairman and members of the Telangana State Electricity Regulatory Commission (TSERC). Forty-one applications were received for three vacant posts in the Commission.
ONGC Videsh Limited to stay the course in crisis-hit Venezuela
NEW DELHI: India’s ONGC Videsh Ltd (OVL), the overseas arm of state-owned Oil & Natural Gas Corp., will stay the course in Venezuela even as it awaits dividends overdue from the San Cristobal oil exploration project there, said a person aware of the Indian government’s strategy.
IndiGo grounds yet another Airbus A320 Neo aircraft citing engine issues
MUMBAI: InterGlobe Aviation Ltd, which operates the country’s largest domestic airline, on Sunday said that it has grounded an Airbus A320 Neo aircraft due to engine issues.
Pratt & Whitney engine woes: IndiGo grounds A320 neo plane in Lucknow
NEW DELHI: IndiGo has grounded an A320 neo aircraft at Lucknow due to problem in the Pratt & Whitney engine, according to a source.
Petronet in talks to use natural gas as feedstock for power
KOCHI: Petronet LNG Limited on Saturday said talks were being held with officials of two power plants in Kerala on using natural gas as feedstock in place of diesel and naphtha.
Gulf crisis brewing: Cash-strapped Oman may be next blowout after Bahrain
Bond investors rattled by Bahrain’s fiscal woes last year are bracing for the next potential crisis in the Gulf region: Oman.
Air India sale to restart after May, says DIPAM secretary Atanu Chakraborty
The disinvestment pipeline for FY20 might include sale of the Centre’s 63.8% stake in SJVN to NTPC, a new ETF, 10 IPOs, a clutch of offer for sales, buybacks and a new instrument for the CPSEs’ asset monetisation to achieve a stiff target of Rs 90,000 crore set in the recent interim Budget,
Oil prices edge lower, tightening supply outlook supports
Crude oil prices edged lower on Monday after sharp gains during the previous session but were supported by expectations of shrinking supply and signs that China-US trade tensions could ease.