Category: Oil & Gas

Dubai: Stock markets in the energy-rich Gulf states nosedived at the start of trading Monday after oil prices crashed amid a price war in the global market. Kuwait’s Premier index tumbled 9.5 per cent and trading was suspended, while Dubai financial market dropped 9.0 per cent and Abu Dhabi securities Exchange shedded 7.1 per cent.

New Delhi: Bulk buyers of diesel such as hotels, hospitals and housing societies in the national capital region can now get the fuel delivered to them in just a few clicks, with the government’s newly launched mobile app ‘Humsafar’. Launching the app, Labour Minister Santosh Gangwar said, “Innovative tech ideas like ‘Humsafar’ will bring new […]

Mumbai: India’s Oil Minister Dharmendra Pradhan said on Monday the country needs to look into the pricing mechanism of existing long term gas supply contracts with Qatar. He was speaking to a gathering of oil company officials in New Delhi.

Paris: The brief spike in Middle East tensions as the US and Iran faced off has served as a reminder of the havoc disruptions in supply from the key oil producing region could wreak on the global economy, the IEA said Thursday. But it said ample stocks and production elsewhere mean the world is relatively […]

New Delhi: Petrol prices on Monday were hiked by 15 paise a litre and diesel by 17 paise as global oil prices hit the USD 70 mark over fears of conflict in the Middle East. Retail pump prices of petrol in Delhi rose to Rs 75.69 per litre–the highest since November 2018–while those of diesel […]

Singapore: Oil prices fell more than 1 per cent on Tuesday as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander. Brent crude fell as much as 1.5 per cent to USD 67.86 a barrel and was at USD 68.09, down 82 […]

Hong Kong: Oil prices soared more than four per cent Friday following claims that the US had killed a top Iranian general, ratcheting up tensions between the foes and fuelling fears of a conflict in the crude-rich region. The head of Iran’s Quds Force, Qasem Soleimani, was hit in an attack on Baghdad international airport […]

Oil slipped in early Asian trade on Friday, with US crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March. Brent futures were down 21 cents, or 0.3 per cent, at USD 63.18 by 0258 GMT.

Oil slipped in early Asian trade on Friday, with US crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but failed to promise further steps after March. Brent futures were down 21 cents, or 0.3 per cent, at USD 63.18 by 0258 GMT.

NEW DELHI: The Department of Investment and Public Asset Management (DIPAM) has appointed Deloitte Touche Tohmatsu Ltd as advisor for the strategic sale of Bharat Petroleum Corporation Ltd (BPCL), which will see government selling its direct stake of 53.29 per cent in the second largest oil refiner, sources said. ALSO READ| Kerala High Court stays […]

New Delhi: Crude steel production capacity has increased by over 32 million tonnes during the last five years and it is being further expanded by 28 million tonnes per annum, Steel Minister Dharmendra Pradhan said on Wednesday in Rajya Sabha. “The capacity for domestic crude steel production expanded from 109.85 million tonnes in 2014-15 to […]

New Delhi: In part indication of timelines for privatisation of India’s second biggest state oil refiner, the government has set a 50-day deadline for an outside ‘asset valuer’ to carry out the valuation of all assets of Bharat Petroleum Corporation Ltd (BPCL), a process once completed will trigger invitation of price bids from potential acquirers. […]