global oil prices

South Korean economic indicators weaken


May 8th, 2012 - 4:14 pm ICT by IANS
Seoul, May 8 (IANS) South Korean economy continued to see employment improve, but economic indicators weakened amid slowing consumer price inflation, the finance ministry said Tuesday."Our economy saw employment maintain ... Read more...

Posted in Business |

For reforms, Pakistani daily cites India’s example


April 3rd, 2012 - 12:14 pm ICT by IANS
Islamabad, April 3 (IANS) Had Pakistan implemented governance and fiscal reforms it might have been better placed to protect its people against rising global oil prices today, "just as India ... Read more...

Posted in World |

Economic Survey favours higher diesel prices


March 15th, 2012 - 8:03 pm ICT by IANS
New Delhi, March 15 (IANS) The Economic Survey for 2011-12 tabled by Finance Minister Pranab Mukherjee in parliament Thursday has recommended higher diesel prices, saying the subsidised ... Read more...

Posted in Uncategorized |

South Korea’s consumer price growth hits 14-month low


March 2nd, 2012 - 2:46 pm ICT by IANS
Seoul, March 2 (IANS) South Korea's consumer price growth hit a 14-month low in February, alleviating concerns that high consumer price inflation may affect the overall economic recovery negatively, a ... Read more...

Posted in Business |

India, China boom pushing fuel prices: White House


February 25th, 2012 - 2:58 pm ICT by IANS
Washington, Feb 25 (IANS) Echoing President Barack Obama, the White House has said there is no short term solution to rising fuel prices in America with external factors like ... Read more...

Posted in Business |

India, China boom led to higher fuel prices: White House


February 22nd, 2012 - 8:33 pm ICT by IANS
Washington, Feb 22 (IANS) The White House has attributed the rising fuel prices in America partly to the economic boom in countries like India and China and unrest in ... Read more...

Posted in Business |

US trade deficit shrank 13 percent in July


September 9th, 2011 - 1:04 pm ICT by IANS
Washington, Sep 9 (IANS/EFE) The US trade deficit in goods and services fell 13.1 percent in July to $44.8 billion, the Commerce Department said Thursday.Record exports and falling global oil ... Read more...

Posted in Uncategorized |

Pakistan among slowest growing South Asian countries: Daily


June 4th, 2011 - 12:53 pm ICT by IANS
Islamabad, June 4 (IANS) Pakistan is now among the slowest growing South Asian countries, said a leading daily as it noted that "India, Sri Lanka and Bangladesh are forging ahead".An ... Read more...

Posted in Business |

`Unrest in Middle East threatens Russia’s oil interests’


April 6th, 2011 - 12:59 pm ICT by IANS
Washington, April 6 (IANS/RIA Novosti) Russia views an unrest in the Middle East, particularly in major oil exporting countries, as a threat to its interests, Russian Deputy Prime Minister Sergei ... Read more...

Posted in Business |

Government favours end to subsidised cooking gas to rich: Minister


March 29th, 2011 - 4:34 pm ICT by IANS
New Delhi, March 29 (IANS) The government is seriously thinking of "ending concessional pricing" of cooking gas to the better off to bring down the mounting bill on oil subsidy, ... Read more...

Posted in Business |

Emering technologies conference at Bangalore from March 22


March 13th, 2011 - 11:15 am ICT by IANS
Washington, March 13 (IANS) EmTech India, the third India edition of prestigious emerging technologies conference by Massachusetts Institute of Technology's (MIT's) Technology Review begins at Bangalore March 22.A platform ... Read more...

Posted in Sci-Tech |

Sensex up 217 points on positive political cues, moderating oil price (Roundup)


March 8th, 2011 - 6:45 pm ICT by IANS
Mumbai, March 8 (IANS) A benchmark index for Indian equities markets rebounded 217 points Tuesday after signs of a rapprochement in sight between the DMK, a key ally of ... Read more...

Posted in Business |

Canadian dollar at three-year high


February 26th, 2011 - 12:26 pm ICT by IANS
By Gurmukh Singh Toronto, Feb 26 (IANS) The Canadian dollar Friday rose to its highest level against the US greenback in three years as the Toronto Stock Exchange surged with investors returning after ... Read more...

Posted in Business |

WiliLeaks cables state Saudi oil reserves may be overstated by almost 40 percent


February 10th, 2011 - 3:15 pm ICT by ANI
London, Feb.10 (ANI): Leaked American diplomatic cables released by the whistle blowing web site WikiLeaks have revealed that the United States fears that Saudi Arabia, the world's largest crude oil exporter, may ... Read more...

Posted in World |

Saudi oil stock exaggerated by 40 percent: WikiLeaks


February 10th, 2011 - 3:06 am ICT by IANS
London, Feb 10 (IANS) The estimated stock of oil in Saudi Arabia was 40 percent higher than the country's actual reserve, which according to the US is not enough to check the ... Read more...

Posted in Business |

Sensex slips over Egypt turmoil (Lead)


February 4th, 2011 - 2:11 pm ICT by IANS
Mumbai, Feb 4 (IANS) A benchmark index for Indian equities markets Friday fell sharply to rule 181 points lower around noon as fears related to the Egyptian turmoil and global oil ... Read more...

Posted in Business |

Government will check oil price fluctuation: Deora


October 27th, 2010 - 6:58 pm ICT by ANI
New Delhi, Oct. 27 (ANI): Expressing his concern over spiralling fuel prices, Petroleum and Natural Gas Minister Murli Deora on Wednesday said the government would intervene if the global oil scenario remained ... Read more...

Posted in Feature |

States asked to lower duties on petroleum fuels


June 21st, 2010 - 8:49 pm ICT by IANS
New Delhi, June 21 (IANS) In a bid to ease the burden of high fuel prices, Petroleum Minister Murli Deora has asked all states to reduce their levies on petrol and diesel, ... Read more...

Posted in Business |

US firm to invest $700 mn in Guatemala power plant


May 9th, 2010 - 12:26 pm ICT by IANS
Guatemala City, May 9 (IANS/EFE) Jaguar Energy Guatemala, a subsidiary of Houston-based Ashmore Energy International (AEI), plans to invest a total of $700 million to build a power plant along Guatemala's south-central ... Read more...

Posted in Business |

Fuel prices to rise after Pranab’s budget


February 26th, 2010 - 4:03 pm ICT by IANS
New Delhi, Feb 26 (IANS) Fuel prices in the country are set to increase with Finance Minister Pranab Mukherjee Friday announcing restoration of basic duty on petrol, diesel and crude petroleum ... Read more...

Posted in Business |

Nigerian oil militants end ceasefire


January 30th, 2010 - 9:30 pm ICT by IANS
Nairobi/Abuja, Jan 30 (DPA) Nigeria's main militant group Saturday called off a three-month ceasefire and warned that oil companies in the Niger Delta should expect an "all-out onslaught" against facilities and personnel. ... Read more...

Posted in Business |

Indian economy will grow 7.5 percent but with high inflation: RBI


January 29th, 2010 - 1:17 pm ICT by IANS
Mumbai, Jan 29 (IANS) The Reserve Bank of India (RBI) Friday projected an impressive 7.5 percent growth for the Indian economy in the current fiscal even as it hiked the outlook for ... Read more...

Posted in Business |

Oil firms will suffer loss of Rs.45,478 cr this year: Deora


December 11th, 2009 - 8:42 pm ICT by IANS
New Delhi, Dec 11 (IANS) Public sector oil marketing companies will incur a loss of Rs.45,478 crore in 2009-10, Petroleum Minister Murli Deora has told the Parliamentary Consultative Committee of his ministry. Chairing ... Read more...

Posted in Business |

Weak crop production to slow export recovery: Moody’s


August 6th, 2009 - 8:01 pm ICT by IANS
New Delhi, Aug 6 (IANS) The delayed and deficient monsoon this year has not only hit India's farm output but also complicated the recovery of its merchandise exports that have seen nine ... Read more...

Posted in Business |

Indian exports fall by 28 per cent


August 3rd, 2009 - 7:10 pm ICT by ANI
New Delhi, Aug. 3 (ANI): Recording a slip of 28 per cent in exports in June, India's overseas sales fell for the ninth successivemonth due to the global economic slump, government data ... Read more...

Posted in National |

Indian Government may hike petrol price by Rs 2 a litre, diesel by Re 1


June 22nd, 2009 - 7:23 pm ICT by ANI
New Delhi, June 22 (ANI): Unstable international oil rates may force the Government of India to increase petrol price by Rs 2 a litre and diesel by Re 1 per litre, unless ... Read more...

Posted in National |

Tough times ahead for Indian exporters, forecasts Moody’s


April 1st, 2009 - 6:04 pm ICT by IANS
New Delhi, April 1 (IANS) With giant economies like the US and Europe continuing to reel under recession, Indian exporters face tough times ahead, the economic analysis arm of global rating agency ... Read more...

Posted in Business |

Low oil prices force merger of Canadian giants


March 24th, 2009 - 1:41 pm ICT by IANS
By Gurmukh Singh Toronto, March 24 (IANS) With global oil prices well below their production costs, Canada's top two energy companies have decided to merge to create one of the world's biggest oil ... Read more...

Posted in Business |

Canadian currency too surges against US dollar


March 20th, 2009 - 10:08 am ICT by IANS
Toronto, March 20 (IANS) The Canadian dollar followed the euro and the pound to rise sharply against the US dollar Thursday. Following the decision of the US Fed Wednesday to purchase ... Read more...

Posted in Business |

Canadian dollar sinks to five-year low


March 10th, 2009 - 11:30 am ICT by IANS
Toronto, March 10 (IANS) The Canadian dollar sank to its lowest level in five years Monday amid continuing market slide on the opening day of the week. The loonie (as the Canadian dollar ... Read more...

Posted in Business |

No immediate cut in diesel price: Deora


February 25th, 2009 - 8:47 pm ICT by IANS
New Delhi, Feb 25 (IANS) The government has no immediate plans to reduce diesel prices even though global oil prices are at record low levels, Petroleum Minister Murli Deora said here Wednesday. ... Read more...

Posted in Uncategorized |

Deora promises new sources of gas supply from April 2009


February 18th, 2009 - 5:12 pm ICT by ANI
New Delhi, Feb 18 (ANI): Union Petroleum Minister, Murli Deora has said that the supply of natural gas from KG D-6 field is likely to begin by April 2009. Speaking at ... Read more...

Posted in Business |

Gas from new Reliance fields from April: Deora


February 18th, 2009 - 4:26 pm ICT by IANS
New Delhi, Feb 18 (IANS) Natural gas supplies from the Krishna-Godavari basin, off the Andhra Pradesh coast and awarded to Reliance Industries, will start from April with 40 million metric standard cubic ... Read more...

Posted in Business |

High global oil prices bring unexpected bonanza for exchequer


February 16th, 2009 - 7:52 pm ICT by IANS
New Delhi, Feb 16 (IANS) High global oil prices, that saw a barrel of crude sell for nearly $150 per barrel at one point last year, has secured unexpected bonanza to the ... Read more...

Posted in Uncategorized |

Essar Oil loss spirals by over 8,600 percent


February 2nd, 2009 - 5:52 pm ICT by IANS
New Delhi, Feb 2 (IANS) Plagued by volatile global oil prices, economic slowdown and rupee depreciation, private oil refiner and retailer Essar Oil's net loss for the third quarter this fiscal rose ... Read more...

Posted in Uncategorized |

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