global oil

Russia’s Gazprom world’s most profitable firm in 2011


July 31st, 2012 - 9:56 am ICT by IANS
Moscow, July 31 (IANS/RIA Novosti) Russian energy giant Gazprom overtook US-based energy major ExxonMobil in 2011 to become the world's most profitable company, according to the latest edition of Forbes ... Read more...

Posted in World |

Oil jumps on Iran tension


July 4th, 2012 - 9:50 am ICT by IANS
New York, July 4 (IANS) Crude oil prices rose Tuesday as rising Iran tension caused supply fears, Xinhua reported.Iran has again threatened to block a critical shipping route in response ... Read more...

Posted in Business |

Enough global oil to sideline Iran: Obama


March 31st, 2012 - 4:39 pm ICT by IANS
Washington, March 31 (IANS) US President Barack Obama has approved new sanctions against Iran, saying there was sufficient oil in the world market to allow countries to cut Iranian ... Read more...

Posted in Business |

Sensex closes 285 points higher despite dull global cues (Roundup)


March 21st, 2012 - 7:49 pm ICT by IANS
Mumbai, March 21 (IANS) Helped by robust buying in capital goods and realty stocks, a benchmark index for Indian equities markets zoomed in the second half of trade Wednesday, ... Read more...

Posted in Business |

‘Iran to stop oil exports to some EU members soon’


January 30th, 2012 - 7:02 am ICT by IANS
Tehran, Jan 30 (IANS) Iran will soon stop oil exports to certain members of the European Union (EU), the country's Oil Minister Rostam Qasemi was quoted by Mehr news agency ... Read more...

Posted in Business |

US-Pakistan conflict risk higher than India-Pakistan: Survey


December 10th, 2011 - 12:05 pm ICT by IANS
Washington, Dec 10 (IANS) An influential think-tank has rated a conflict with Pakistan as among the top potential threats facing the United States in 2012, but downgraded the potential for ... Read more...

Posted in World |

Private equity firm Apollo to invest Rs.2,250 crore in Welspun group firms


June 29th, 2011 - 1:33 pm ICT by IANS
Mumbai, June 29 (IANS) One of the world's leading private equity firms, Apollo Global Management will infuse about Rs.2,250 crore in Welspun Corp Limited (WCL), a leading pipe manufacturer and ... Read more...

Posted in Business |

Global oil use to grow by 1.7 mn barrels per day


June 8th, 2011 - 9:52 am ICT by IANS
New York, June 8 (IANS) The total oil consumption across the world will grow by 1.7 million barrels per day in 2011, the US Energy Information Administration (EIA) said.The agency ... Read more...

Posted in Business |

World needs $400 bn to cut transport emissions: Report


May 11th, 2011 - 12:35 pm ICT by IANS
Dubai, May 11 (IANS/WAM) The world needs to invest $400 billion annually in green technologies to curb carbon emissions from the transportation sector, says a report.The report, prepared by the ... Read more...

Posted in World |

Africa is in my blood: Wilbur Smith (Interview)


April 29th, 2011 - 10:32 am ICT by IANS
New Delhi, April 29 (IANS) The grand old storyteller from Africa, Wilbur Smith, has moved to the high seas with his new novel, a gripping account of a private yacht ... Read more...

Posted in Life Style |

Middle East events may push oil prices, inflation: Mukherjee (Lead)


March 22nd, 2011 - 5:17 pm ICT by IANS
New Delhi, March 22 (IANS) Finance Minister Pranab Mukherjee Tuesday warned of a spike in global fuel prices and domestic inflation as a result of the political uncertainties in ... Read more...

Posted in Business |

Chinese hackers steal “confidential information” of five global oil companies: McAfee


February 11th, 2011 - 3:33 pm ICT by ANI
Washington, Feb 11 (ANI): A US cyber security firm has alleged that Chinese hackers have targeted at least five global oil companies, but kept the names of the companies secretThe cyber attacks, ... Read more...

Posted in World |

Qantas to start world’s longest 747 route


January 29th, 2011 - 7:03 pm ICT by ANI
Sydney, Jan 28 (ANI): Qantas would reportedly start its services on the world's longest 747 route, flying 13,804 kilometres non-stop from Sydney to Dallas, Texas, later this year.In 1989, Qantas had ... Read more...

Posted in World |

Saudi Arabia to build world’s largest gold factory


January 5th, 2011 - 1:25 pm ICT by IANS
Riyadh, Jan 5 (IANS) Saudi Arabia, one of the top global oil exporters, is planning to build the world's largest gold factory by the end of 2011.The 22,000-square metre factory, located in ... Read more...

Posted in Business |

Global oil supplies ‘will run out long before substitutes roll out’


November 10th, 2010 - 12:40 pm ICT by ANI
Washington, Nov 10 (ANI): A new study based on stock market expectations by the University of California, Davis, has suggested that global oil will run out 90 years before replacement technologies are ... Read more...

Posted in Health Science |

Manmohan Singh to inaugurate Petrotech International Oil, Gas Conference


October 29th, 2010 - 9:40 pm ICT by ANI
New Delhi, Oct 29 (ANI): The Prime Minister, Dr Manmohan Singh, will on November 1 inaugurate the Petrotech International Oil and Gas Conference.The ninth Petrotech International Oil and Gas Conference and ... Read more...

Posted in National |

Shell’s Vikram Singh Mehta named Asian business leader


October 13th, 2010 - 10:28 pm ICT by IANS
New Delhi, Oct 13 (IANS) Vikram Singh Mehta, chairman of Shell Companies in India, will receive the Asian Business Leader Award at a special dinner in London Thursday, according to a release ... Read more...

Posted in Business |

Shell India eyeing 13 percent share in lubricant market


September 9th, 2010 - 8:50 pm ICT by IANS
Kolkata, Sep 9 (IANS) Shell India Markets Pvt. Ltd is eyeing around 13 percent market share in the Indian lubricant market from the present 6-7 percent, a top official said here Thursday. Shell ... Read more...

Posted in Business |

Forum on gas flaring reduction to be held in Oman


May 5th, 2010 - 5:03 pm ICT by IANS
Abu Dhabi, May 5 (IANS/WAM) A forum to discuss gas flaring reduction, a major environmental hazard related to petroleum industry, would be held in Oman May 10-11. The World Bank led Global Gas ... Read more...

Posted in Environment |

Global oil demand to increase by five million bpd: Kuwait


April 26th, 2010 - 6:58 pm ICT by IANS
Kuwait City, April 26 (IANS) Global oil demand will increase by five million barrels per day in the next five years, and China and India will lead the growth in emerging markets, ... Read more...

Posted in Business |

World crude oil production may peak a decade earlier than some predict


March 11th, 2010 - 3:01 pm ICT by ANI
Washington, March 11(ANI): In a new study, scientists in Kuwait have predicted that world conventional crude oil production will peak in 2014 - almost a decade earlier than some other predictions.Ibrahim Nashawi ... Read more...

Posted in Health Science |

India drafting new regime to auction hydrocarbon assets: Secretary (Interview)


February 17th, 2010 - 1:34 pm ICT by IANS
By Arvind Padmanabhan and Murali Krishnan New Delhi, Feb 17 (IANS) India is working on a new policy to auction hydrocarbon assets for exploring oil and gas reserves on a perpetual basis, with ... Read more...

Posted in Business |

Deora to meet Pranab over fuel price determination


February 2nd, 2010 - 2:06 pm ICT by ANI
New Delhi, Feb 2 (ANI): Petroleum Minister Murli Deora is expected to meetFinance Minister Pranab Mukherjee on Tuesday to discuss the petroleum price rise issue.There are reports that the two ministers ... Read more...

Posted in National |

No fuel hike now, will ask more money for oil firms: Deora (Lead)


February 1st, 2010 - 6:16 pm ICT by IANS
New Delhi, Feb 1 (IANS) Petroleum Minister Murli Deora Monday said he will meet Finance Minister Pranab Mukherjee to ask for more compensation for the state oil marketing companies suffering losses ... Read more...

Posted in Business |

Public Sector Oil companies ask for compensation


January 14th, 2010 - 5:33 pm ICT by ANI
New Delhi, Jan 14 (ANI): Petroleum Minister Murli Deora, who met Union Finance Minister Pranab Mukherjee on Thursday to seek compensation for the public sector oil firms for their losses, said ... Read more...

Posted in Business |

Record trading at Toronto stock exchange despite downturn


January 7th, 2010 - 10:31 am ICT by IANS
By Gurmukh Singh Toronto, Jan 7 (IANS) Companies raised a record $60 billion on the Toronto Stock Exchange (TSX) last year despite the global downturn.The third biggest stock exchange in North America, the ... Read more...

Posted in Business |

No need to hike fuel prices, suggests PM’s panel


October 21st, 2009 - 5:22 pm ICT by IANS
New Delhi, Oct 21 (IANS) The Prime Minister's economy advisory panel Wednesday said there was no need to hike fuel prices if global prices remained between $70 and $75 (Rs.3,150-Rs.3,375) a ... Read more...

Posted in Business |

Canadian markets cross 11,000 mark first time in 2009


August 5th, 2009 - 10:39 am ICT by IANS
Toronto, Aug 5 (IANS) Canadian markets crossed the 11,000-point mark Tuesday for the first time in 2009. The last time the composite index on the Toronto Stock Exchange (TSX) stood at this ... Read more...

Posted in Business |

Dhaka may get over $10 bn in remittances


July 30th, 2009 - 11:47 am ICT by IANS
Dhaka, July 30 (IANS) Bangladesh could receive $10.87 billion in remittances in the current fiscal from its vast manpower employed abroad if the global oil price does not fall, the World Bank ... Read more...

Posted in Business |

Petroleum Ministry acting biased: Anil Ambani


July 28th, 2009 - 11:23 pm ICT by ANI
Mumbai, July 28 (ANI): Reliance Natural Resources chairman Anil Ambani on Tuesday blamed the Petroleum Ministry of maintaining a biased approach in the legal dispute with brother Mukesh Ambani-led Reliance Industries over ... Read more...

Posted in Business |

Reliance gas price was not fixed at dinner table: Anil Ambani


July 28th, 2009 - 5:40 pm ICT by IANS
Mumbai, July 28 (IANS) Reliance Natural Resources chairman Anil Ambani Tuesday accused the petroleum ministry of being biased in the legal dispute with brother Mukesh Ambani-led Reliance Industries over the price of ... Read more...

Posted in Business |

Decontrol petrol and diesel prices, says Economic Survey


July 2nd, 2009 - 2:48 pm ICT by IANS
New Delhi, July 2 (IANS) India's Economic Survey for 2008-09 tabled in parliament Thursday has called for decontrolling petrol and diesel prices "at the earliest" even as the opposition protested the fuel ... Read more...

Posted in Business |

Global oil companies to invest $375 bn despite downturn


June 3rd, 2009 - 10:33 pm ICT by IANS
Abu Dhabi, June 3 (IANS) The private and state-run oil companies worldwide would invest $375 billion in the hydrocarbon sector this year despite the economic downturn and concerns about low oil demand, ... Read more...

Posted in Business |

World’s 30 percent undiscovered gas and 13 percent oil may lie north of Arctic Circle


May 29th, 2009 - 12:11 pm ICT by ANI
London, May 29 (ANI): A detailed geological survey has revealed that around 30 percent of the world's yet-to-be discovered gas resources and 13 percent of its undiscovered oil reserves may lie north ... Read more...

Posted in Health Science |

OPEC lowers demand outlook despite supply rise


May 13th, 2009 - 8:45 pm ICT by IANS
Vienna, May 13 (DPA) The Organisation of the Petroleum Exporting Countries (OPEC) Wednesday said though the global production levels of oil had increased in April, it further lowered its demand projections for ... Read more...

Posted in Business |

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