DUBAI: Iran is determined to develop its oil industry in spite of U.S. sanctions imposed on the country, Iranian Oil Minister Bijan Zanganeh said in a televised speech on Saturday. “We will not surrender under any circumstances. We have to increase our capacity so that when necessary with full strength we can enter the market […]
Category: Deccan Chronicle
Deccan Chronicle
COVID-19 crisis: Air India cancels job offers to 180 trainees
Air India has withdrawn job offers for around 180 trainee cabin crew members amid the economic slowdown in the Indian aviation sector due to the coronavirus pandemic, said airline officials on Saturday. “The airline has taken a decision to withdraw job offers for about 180 trainees who were to join as cabin crew after completing […]
Oil prices cautiously rise on output cut support
MELBOURNE: Oil prices cautiously rose in early trade on Tuesday with major producers sticking to supply cuts, but gains were capped as U.S. coronavirus cases surged, potentially hampering a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude CLc1 futures climbed 13 cents, or 0.3%, to $40.76 a barrel at 0103 GMT, recouping a […]
Oil prices mixed as virus spike casts shadow over demand
SINGAPORE: Oil prices offered up a mixed market snapshot on Monday, with Brent crude edging higher, supported by tighter supplies, while U.S. benchmark WTI futures dropped on concern that a spike in coronavirus cases could curb oil demand in the United States. Brent crude rose 11 cents, or 0.3%, to $42.91 a barrel by 0109 […]
Reliance plans to up aviation fuel stations by 50%
New Delhi: Billionaire Mukesh Ambani’s Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent as it looks to capture greater market share in the business currently controlled by public sector oil retailing firms. In its latest annual report, RIL said the double-digit growth observed over 52 consecutive […]
Power demand slump narrows to 2.6% in July beginning
Power demand slump has narrowed to 2.6 per cent in the beginning of July from 9.6 per cent in June, showing improvement in commercial and industrial activities in the country. The peak power demand had declined by about 25 per cent in April and 8.82 per cent in May this year due to lower commercial […]
Oil prices drop on demand worries as coronavirus cases rise
SEOUL: Crude prices fell on Friday as the resurgence of the coronavirus globally and in the United States, the world’s largest oil consumer, dimmed the prospects of fuel demand recovery. Brent crude futures were down 37 cents, or 0.9%, at $42.77 a barrel as of 0042 GMT, and U.S. West Texas Intermediate (WTI) crude futures […]
IndiGo offers 25% discount for doctors, nurses under Tough Cookie campaign
New Delhi: IndiGo said on Thursday it will give a 25 percent discount on the airfare to doctors and nurses till the end of 2020 as they are at the forefront of the battle against the coronavirus pandemic. IndiGo has termed the aforementioned scheme as a “Tough Cookie” campaign.
GVK, son in CBI net for Rs 705 crore airport scandal
Mumbai: The Central Bureau of Investigation (CBI) on Thursday registered a case against Dr G. Venkata Krishna (GVK) Reddy, chairman of the GVK Group of companies, and his son G.V. Sanjay Reddy, the managing director of Mumbai International Airport Ltd (MIAL), and few others, for alleged irregularities worth Rs 705 crore in the running of […]
GVK Group under radar
New Delhi: The GVK Group of Companies and Mumbai International Airport Ltd is under the radar for alleged irregularities in running of the airport, officials said. Airports Authority of India (AAI) Ltd had formed a Joint Venture with GVK Airports Holdings Limited, promoted by GVK group under public private partnership firm Mumbai International Airport Ltd […]
Oil prices slip on demand fears as virus cases surge
MELBOURNE: Oil prices dipped on Thursday after the United States recorded its biggest one-day spike in coronavirus cases and California reimposed some lockdown measures, stoking worries a resurgence in COVID-19 cases will stall a recovery in fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at […]
Fuel prices hiked after a day’s pause; Petrol, diesel above Rs 80-mark
New Delhi: Petrol price was increased by 5 paise per litre and diesel 13 paise a litre across the country on Monday, according to a price notification of state oil marketing companies. Diesel price scaled a new high after prices were hiked for the 22nd time in just over three weeks, taking the cumulative increase […]