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Hike in petrol, diesel rates after global oil price jump

New Delhi, Jan 13 | Petrol and diesel prices rose sharply by 25 paise per litre on Wednesday after oil marketing companies decided to...

Oil prices surge on fall in US inventory, Saudi supply cut

New Delhi, Jan 13 | Crude oil prices rose on Wednesday, with the Brent crude trading above $57 per barrel, due to decline of...

Strong recovery in oil and gas volumes likely in FY22: ICRA

Mumbai, Jan 9 | The domestic demand for petroleum products is expected to increase at a healthy rate of 8 to 10 per cent...

Adani Wilmar says ricebran oil among healthiest, association with Ganguly to...

New Delhi, Jan 5 | After pulling down the advertisements of Fortune ricebran oil featuring former captain of the Indian cricket team Sourav Ganguly,...

Fortune cooking oil ads featuring Sourav Ganguly halted

New Delhi, Jan 5 | Adani Wilmar has stalled advertisements of its Fortune Rice Bran cooking oil which feature former Indian cricket team's...

Oil prices surge on hopes of supply cap by ‘OPEC+’

New Delhi, Jan 4 | Crude oil prices surged on Monday on expectations that 'OPEC+', the cartel of Organisation of the Petroleum Exporting Countries...

US sanctions Venezuelan officials over trial of American oil executives

Washington, Dec 31 | The US has announced sanctions against a Venezuelan judge and a prosecutor involved in the trial of six executives of...

After NCLAT, NCLT now also dismisses appeal of Hindustan Oil Exploration...

New Delhi, Dec 29 | Hindustan Oil Exploration Company (HOEC)s attempt to contest implementation of the Resolution Plan completed in September was struck down...

Pandemic-hit govt finances gets ‘crude’ rescue, oil import bill to fall

By Subhash NarayanNew Delhi, Dec 28 | At least in the oil sector, the global health emergency caused by coronavirus is coming to India's...

Saudi Arabia discovers 4 new oil, gas fields

Riyadh, Dec 28 | Saudi Arabia announced the discovery of four new oil and gas fields, the Saudi Press Agency reported.Saudi Energy Minister Prince...

NIO, NPC sign MoU on oil spill management, climate change

Panaji, Dec 26 | The Goa-based National Institute of Oceanography has signed a memorandum of understanding with New Delhi-based National Productivity Council (NPC) to...

OIL launches project on women’s health and hygiene in Assam district

Guwahati, Dec 26 | The state-owned OIL has launched 'OIL Shakti', a society-based sanitary napkin production and marketing unit in Assam, to promote...

Govt may reduce oil subsidy budget by half in FY22

New Delhi, Dec 25 | A rather stable phase of oil prices is expected to help the government make big cuts in the oil...

Sensex gains 400 points; metal, banking, oil & gas stocks surge

Mumbai, Dec 24 | The key Indian equity indices continued its rally on Thursday with the BSE Sensex rising over 400 points.Metal, oil and...

ONGC starts oil production in Bengal Basin

New Delhi, Dec 20 | Oil and Natural Gas Corporation Ltd (ONGC) has commenced oil production from the Asokenagar-1 well, Bengal Basin in West...

UN condemns ‘intimidation acts’ against Libyan oil corporation

Tripoli, Dec 19 | The UN Support Mission in Libya (UNSMIL) has condemned "acts of intimidation" against the North African country's National Oil Corporation...

Madras HC issues interim ban order on sale of loose edible...

Chennai, Dec 18 | In an interim order, the Madras High Court bench in Madurai on Friday banned the sale of loose edible oil...

IS militants set ablaze 2 oil wells in Iraq

Baghdad, Dec 17 | Two oil wells in Iraq's Kirkuk province were set ablaze by Islamic State (IS) terrorists, said Minister of Oil Ihsan...

Depreciation risk rises for rupee, as oil prices soar (IANS Currency...

By Rohit VaidMumbai, Dec 13 | Rising crude oil prices along with widening trade deficit has elevated the depreciation risk level for the Indian...

Oil companies halt auto fuel price rise as crude firm but...

New Delhi, Dec 13 | Petrol prices march towards all time high levels has been temporarily halted by the oil marketing companies (OMCs) as...

Oil companies halt auto fuel price rise though crude remains firm

New Delhi, Dec 11 | The petrol price march towards all time high levels has been temporarily halted by the oil marketing companies (OMCs)...

Crude oil futures surge on vaccine hopes, Brent hits $50/bbl

Mumbai, Dec 10 | Futures of crude oil rose on Thursday on the back of the hopes for vaccines to combat coronavirus and also...

Markets rally in foreign inflows, banking, oil stocks rise (Roundup)

Mumbai, Dec 8 | Indian benchmark equity indices rose for the sixth consecutive session on Tuesday as foreign investors pumped in liquidity.Prospects of a...

Iran ready for increase of oil output, exports: Rouhani

Tehran, Dec 7 | Iranian President Hassan Rouhani shas said that Tehran is ready to rapidly increase oil production and exports.Iran's operational capacity as...

India may take oil from Iran, Venezuela again under new US...

New Delhi, Dec 3 | India may pursue a case for resumption of oil supplies from sanction-hit Iran and Venezuela once the Joe Biden...

NSE launches futures contract of crude degummed soybean oil

Mumbai, Dec 2 | The National Stock Exchange of India Ltd (NSE) has launched its first agricultural commodity futures contract on crude degummed soybean...

Venezuela sentences 6 former US oil executives

Caracas, Nov 27 | Venezuela's Supreme Court has convicted six former American oil executives of corruption and sentenced them to prison.The six Americans, who...

HOEC tries multiple times but fails to acquire Jubilant group oil...

New Delhi, Nov 27 | In March 2017, JEKPL an oil and gas holding interest in prolific Kharsang Oil Field, located in North East,...

22bn barrels of crude oil discovered in Abu Dhabi

Abu Dhabi, Nov 23 | An estimated 22 billion barrels of non-conventional and recoverable crude oil was recently discovered in Abu Dhabi, the capital...

Indian Coast Guard tows drifting oil tanker to safety

Chennai, Nov 22 | In a swift and coordinated sea-air operation on Sunday, Indian Coast Guard multi-mission vessel Vishwast towed to safety tanker...

Coconut oil: The super ingredient for your hair

By Puja GuptaNew Delhi, Nov 16 (IANSlife) Why bother with the tiresome and expensive hunt for exotic oils, when theres a super oil, literally...

Assam’s blowout well successfully killed, fire fully doused: OIL

Guwahati, Nov 15 | After nearly six months, state-owned Oil India Ltd's (OIL) blowout well in Assam's Tinsukia district has been successfully "killed" and...

Delhi Fire Dept receiving strange ‘oil rain’ calls from all over...

BY ZAFAR ABBASNew Delhi, Nov 15 | Just as the drizzle started in the city on Sunday evening, the Delhi Fire Department started receiving...

Delhi Fire Department receiving strange ‘oil rain’ calls from all over...

By Zafar AbbasNew Delhi, Nov 15 | Just as the drizzle started in the city on Sunday evening, the Delhi Fire Department started receiving...

Diwali keeps oil companies from revising petrol, diesel retail prices

New Delhi, Nov 14 | Oil marketing companies did not effect any revision in retail price of petrol and diesel across the the country...

OIL reports Rs 238.95 crore net profit in Q2

New Delhi, Nov 9 | State-owned oil and gas explorer Oil India Ltd (OIL) on Monday reported a net profit of Rs 238.95 crore...

Raising domestic production of oil to become Aatmanirbhar Bharat

New Delhi, Nov 9 | India has been taking drastic steps to answer Prime Minister Narendra Modi's clarion call of 'Aatmanirbhar Bharat' made during...

After potato & onion, edible oil burns hole in pockets

By Pramod Kumar JhaNew Delhi, Nov 6 | After potato and onion, the price of edible oil has now gone up due to a...

No relief for consumers on petrol, diesel prices while oil cos...

New Delhi, Nov 4 | Even as consumers continue to pay higher prices auto fuels petrol and diesel, country's biggest oil marketing companies are...

India could cut oil import bill further as Saudi looks at...

New Delhi, Oct 31 | India's oil import bill may fall further in the remaining period of the current fiscal with Saudi Arabia looking...

Equity indices in green; metal, oil & gas stocks surge

Mumbai, Oct 30 | The key Indian equity indices traded on a positive note on Friday morning with the Sensex above the 39,900 mark.Healthy...

UAE’s ADNOC explores more crude storage in Indian strategic oil reserves

New Delhi, Oct 27 | UAE's largest oil producer, the Abu Dhabi National Oil Company (ADNOC) on Tuesday said that it is interested in...

US sanctions ‘key actors’ in Iran’s oil sector

Washington, Oct 27 | The US has imposed fresh sanctions against the Iranian oil sector, for their "financial support" to Tehran's Islamic Revolutionary Guard...

PM Modi calls for ‘responsible’ pricing of crude oil

New Delhi, Oct 26 | Prime Minister Narendra Modi on Monday said that the world needs to move towards responsible pricing of crude...

Biden seeks to clarify remark on ending oil

Washington, Oct 24 | US President Donald Trump has seized on a TV debate remark by his White House rival Joe Biden about shutting...

PM Modi to interact with CEOs of global oil and gas...

New Delhi, Oct 24 | Prime Minister Narendra Modi will interact with CEOs of leading global oil and gas companies on Monday in the...

OMCs hold petrol, diesel prices as global oil market remains subdued

New Delhi, Oct 19 | Oil marketing companies (OMC) kept petrol and diesel prices unchanged across the four metros on Monday as global oil...

Crude oil: Biden presidency likely to be a huge win for...

New Delhi, Oct 16 | A Biden presidency is likely to be a huge win for the Middle East to gain back the market...

Govt allows ADNOC to export oil from Indian strategic reserves

New Delhi, Oct 14 | In a major policy shift, the Indian government on Wednesday allowed the Abu Dhabi National Oil Co (ADNOC) to...

Petrol, diesel prices remain steady on stable global oil prices

New Delhi, Oct 14 | Petrol, diesel prices remained steady for more than a third of the month as stable global oil prices ensured...

Business

Hero MotoCorp surpasses 100 mn cumulative production milestone

New Delhi, Jan 21 | Two-wheeler major Hero MotoCorp has surpassed the significant milestone of 100 million (10 crore) units in cumulative production.The 100...