Beirut: A store of oil and tyres at Beirut port caught fire on Thursday, a military source said, a little more than a month after a massive blast devastated the port and a surrounding residential area of the Lebanese capital. The fire erupted in the duty free zone of the port, sending a huge column […]
Category: Oil & Gas
Fuel consumption in August witnesses biggest monthly dip since April
India’s fuel consumption fell again in August and saw massive demand erosion since April, as rise in coronavirus cases continue to hit economic activity and travel, government data showed. Refined fuel sales slipped to 14.39 million tonnes in August, about 16% lower compared with the consumption in the same month a year ago. It also […]
Kilometre-long oil slick left by burning oil tanker off Sri Lanka
Colombo: An Indian coast guard aircraft sprayed a special chemical on a patch of diesel fuel near a large oil tanker off Sri Lanka’s coast where firefighters are battling a new blaze that broke out two days after an earlier fire was extinguished, the navy said. The MT New Diamond is carrying nearly 2 million […]
Oil prices tumble $1 per barrel after Saudi price cuts
SINGAPORE: Oil prices dropped more than $1 a barrel on Monday, hitting their lowest since July, after Saudi Arabia made the deepest monthly price cuts for supply to Asia in five months as optimism about demand recovery cooled amid the coronavirus pandemic. Brent crude was at $41.75 a barrel, down 91 cents or 2.1% by […]
Fire-stricken oil tanker pushed away from Sri Lankan coast
Colombo: A fire-stricken oil tanker was pushed away from Sri Lanka’s coast and into deeper waters on Saturday, rescuers said, after successfully containing the blaze during a 36-hour operation. The Panamanian-registered New Diamond carrying 270,000 tonnes of crude had drifted dangerously close to the eastern shores of Sri Lanka since issuing a distress message on […]
Diesel price slashed for first time in nearly 6 months, petrol price unchanged
New Delhi: Diesel price on Thursday was cut for the first time in close to six months after state-owned fuel retailers reduced retail selling rate by 16 paise per litre. Diesel now costs Rs 73.40 per litre in the national capital, as against Rs 73.56 a litre previously, according to a price notification of state-owned […]
Indian Oil Corp-chartered oil tanker catches fire off Sri Lanka
New Delhi/ Colombo: A fully loaded oil tanker has caught fire off the east coast of Sri Lanka, which has dispatched an aircraft and two navy ships to help in the rescue, a Sri Lankan navy spokesman said on Thursday. The New Diamond, a very large crude carrier (VLCC) chartered by Indian Oil Corp (IOC), […]
2 dead, 2 missing after Mauritius oil spill clean-up boats collide
PORT LOUIS: The prime minister of Mauritius said Tuesday two sailors were dead and two others missing after a tugboat assisting in a major oil spill clean-up off the Indian Ocean island collided with a barge. A search was under way for the missing crew after the accident late Monday as the boats returned from […]
39 dolphins, 3 whales wash up on Mauritius after oil spill
Johannesburg: The number of dead dolphins that have washed ashore on the Indian Ocean island nation of Mauritius after an oil spill has risen to 39, the government said Friday, ahead of protests this weekend against authorities’ handling of the disaster at sea. Three whales also were found dead Friday, an environmental expert said. It’s […]
India’s crude imports drop to decade low in July
India’s crude oil imports fell in July to their lowest since March 2010 as fuel demand slowed amid renewed coronavirus-induced lockdowns and closures of refinery units for maintenance, government data showed on Thursday. Crude oil imports last month slumped about 36.4% from a year earlier to 12.34 million tonnes, or 2.92 million barrels per day, […]
Indian captain of Japanese ship arrested over Mauritius oil spill
Authorities in Mauritius have arrested the captain of the Japanese ship that ran aground on a coral reef and spilled 1,000 tons of oil on the Indian Ocean island’s protected coastline. Sunil Kumar Nandeshwar, captain of the MV Wakashio and who is from India, was charged with “endangering safe navigation” and is in custody pending […]
Ship owner says will handle Mauritius oil spill compensation ‘sincerely’
Tokyo: The Japanese owner of a cargo ship that leaked massive amounts of oil after running aground off Mauritius has pledged to “sincerely” respond to requests for compensation over damage to the marine environment. “We are deeply conscious of our responsibility as a party directly involved in the case,” said Kiyoaki Nagashiki, president of Nagashiki […]