international oil

Jet fuel price hiked by 3.2 percent


August 16th, 2012 - 4:29 pm ICT by IANS
New Delhi, August 16 (IANS) Jet fuel or aviation turbine fuel (ATF) price was hiked Thursday by over 3.2 percent, according to the Indian Oil Corporation (IOC).Jet fuel constitutes over ... Read more...

Posted in Business |

Petrol to be cheaper by Rs.2.46 a litre (Second Lead)


June 28th, 2012 - 10:45 pm ICT by IANS
New Delhi, June 28 (IANS) India's three oil marketing companies (OMCs) have decided to reduce petrol prices by a minimum of Rs.2.46 a litre, depending on states' sales taxes, from ... Read more...

Posted in Business |

Petrol price cut by Rs.2 a litre (Second Lead)


June 2nd, 2012 - 9:23 pm ICT by IANS
New Delhi, June 2 (IANS) In a partial roll-back, oil marketing companies cut petrol prices by Rs.2 a litre with effect from midnight Saturday after crude prices softened in the ... Read more...

Posted in Politics |

Shutdown cripples life in Tripura


May 31st, 2012 - 2:31 pm ICT by IANS
Agartala, May 31 (IANS) The 12-hour shutdown called by the Communist Party of India-Marxist (CPI-M) and its allies in the ruling Left Front to protest hike in petrol prices ... Read more...

Posted in Politics |

UP refuses to slash VAT on petrol


May 30th, 2012 - 12:40 pm ICT by IANS
Lucknow, May 30 (IANS) Chances of petrol prices being slashed in Uttar Pradesh have dimmed as the state government has declined to reduce its Value Added Tax (VAT).Chief ... Read more...

Posted in Business |

Myanmar gas export revenue up


April 26th, 2012 - 12:52 pm ICT by IANS
Yangon, April 26 (IANS) Revenue from Myanmar's natural gas exports rose by $640 million to $3.5 billion in the fiscal year 2011-12.Natural gas from Yetagun and Yadana gas blocks mainly ... Read more...

Posted in South Asia |

South Korea’s economic growth to slow in 2012: ADB


April 13th, 2012 - 1:35 pm ICT by IANS
Seoul, April 13 (IANS) South Korea's economic growth was expected to slow to 3.4 percent this year as economic downturn in advanced nations may hamper the country's exports, which account ... Read more...

Posted in Uncategorized |

Iraq nominates oil expert as OPEC chief


March 6th, 2012 - 10:39 pm ICT by IANS
Baghdad, March 6 (IANS) The Iraqi government has nominated ex-oil minister Tamer al-Ghadban for the post of the secretary general of the Organisation of Petroleum Exporting Countries (OPEC), an official ... Read more...

Posted in Business |

ONGC Videsh inks deal with PetroVietnam


October 12th, 2011 - 4:24 pm ICT by IANS
New Delhi, Oct 12 (IANS) ONGC Videsh Limited, the overseas arm of the government-run Oil and Natural Gas Corporation, Wednesday signed an agreement with Vietnam Oil and Gas Group ... Read more...

Posted in Business |

Energy sector needs structural reforms: Mukherjee


November 3rd, 2010 - 9:38 pm ICT by IANS
New Delhi, Nov 3 (IANS) Structural reforms are needed to make the energy sector vibrant and investor-friendly, Finance Minister Pranab Mukherjee said Wednesday."While the government is adopting a number of ... Read more...

Posted in Business |

India seeks partnership with hydrocarbon producers: PM


November 1st, 2010 - 3:05 pm ICT by IANS
New Delhi, Nov 1 (IANS) Prime Minister Manmohan Singh Monday sought to strengthen economic partnerships with hydrocarbon producing countries, saying the demand for this source of energy would increase by over ... Read more...

Posted in Business |

PM says domestic source of oil supplies inadequate to meet growing energy


November 1st, 2010 - 1:59 pm ICT by ANI
New Delhi, Nov 1 (ANI): The Prime Minister, Dr. Manmohan Singh, on Monday called for higher domestic production of oil, saying that domestic sources of oil supplies are inadequate to meet ... Read more...

Posted in National |

India, Angola to speed up petroleum sector cooperation


October 31st, 2010 - 10:24 pm ICT by IANS
New Delhi, Oct 31 (IANS) Petroleum Minister Murli Deora and his Angolan counterpart Jose Maria Botelho de Vasconcelos Sunday agreed to sign a memorium of understanding (MoU) that will speed up cooperation ... Read more...

Posted in Business |

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 |

Murli Deora flags off walkathon for ‘Petrotech 2010′ in New Delhi


October 24th, 2010 - 11:22 pm ICT by ANI
New Delhi, Oct.24 (ANI): Union Petroleum Minister Murli Deora flagged off a walkathon here on Sunday, organised ahead of the upcoming international oil and gas conference and exhibition-- 'Petrotech 2010'.The Delhi walkathon ... Read more...

Posted in National |

Canada’s Bengal Energy gets Cauvery hycrocarbon block


July 1st, 2010 - 3:30 pm ICT by IANS
By Gurmukh Singh Toronto, July 1 (IANS) Canada-based Bengal Energy has been awarded a contract by India for a hydrocarbon drilling and exploration block in the Cauvery basin, which spans Karnataka and Tamil ... Read more...

Posted in Business |

Govt ad justifies fuel price hike


June 27th, 2010 - 5:44 pm ICT by IANS
New Delhi, June 27 (IANS) The government Sunday released a large advertisement titled, "A small price to pay today... For a better tomorrow", justifying the recent increase in fuel prices. The hike ... Read more...

Posted in Politics |

Age of oil and gas is not dead yet, says UAE minister


June 2nd, 2010 - 2:25 pm ICT by IANS
Dubai, June 2 (IANS/WAM) "The age of oil and gas is not dead", says an United Arab Emirates (UAE) cabinet minister, citing the Oil and Petroleum Exporting Countries (OPEC) prediction for growing ... Read more...

Posted in Business |

15th International oil, gas exhibition starts in Tehran


April 23rd, 2010 - 4:00 am ICT by IANS
Tehran, April 23 (IANS) The 15th International Oil, Gas, Refining and Petrochemical Exhibition opened here Thursday at the Tehran International Fair Grounds. The five-day exhibition coincided with the 101st anniversary of oil ... Read more...

Posted in Business |

OPEC oil price inches down to $70.85


December 14th, 2009 - 7:46 pm ICT by IANS
Vienna, Dec 14 (DPA) The oil price of the Organization of Petroleum Exporting Countries (OPEC) slid to $70.85 at the end of last week, the group reported Monday. The average price for OPEC-produced ... Read more...

Posted in Business |

Jet, Kingfisher domestic fares up Rs.200


November 6th, 2009 - 6:07 pm ICT by IANS
Mumbai, Nov 6 (IANS) Jet Airways and Kingfisher Airlines Friday increased fuel surcharges, pushing up their domestic fares by up to Rs.200. National carrier Air India and other low-cost carriers haven't taken a ... Read more...

Posted in Business |

Chinese oil giant takes over Swiss firm


August 18th, 2009 - 9:10 pm ICT by IANS
Beijing, Aug 18 (Xinhua) China's largest oil refinery Sinopec has taken over the Geneva-based oil and gas producer Addax Petroleum Corp., company officials said Tuesday. Sinopec purchased the Swiss oil company for around ... Read more...

Posted in Business |

India must look for oil assets overseas: CII


July 19th, 2009 - 11:40 am ICT by IANS
New Delhi, July 19 (IANS) As the oil price is below $100 per barrel in the international market right now, India should look at entering long-term crude oil contracts and acquiring oil ... 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 |

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 |

Iran hosts global oil exhibition


April 21st, 2009 - 7:42 pm ICT by IANS
Tehran, April 21 (IANS) Iran's Oil Minister Gholam Hossein Nozari Tuesday inaugurated the 14th International Oil, Gas and Petrochemicals Exhibition here. More than 853 domestic and 450 foreign companies from 50 countries are ... Read more...

Posted in World |

World Bank approves $500 mn loan for Pakistan


March 27th, 2009 - 7:21 am ICT by IANS
Washington, March 27 (IANS) The World Bank has approved a $500-million interest-free loan to help stablise Pakistan's economy, Geo TV reported Friday. "Pakistan has experienced severe external and internal shocks in the ... Read more...

Posted in Business |

Oil price drop will aid economic recovery: Saudi minister


January 14th, 2009 - 10:40 pm ICT by IANS
New Delhi, Jan 14 (IANS) The drop in oil prices will help the global economy to recover, said Saudi Arabian petroleum minister Ali Al-Naimi here Wednesday."The price of oil has declined in ... Read more...

Posted in Uncategorized |

Foreign carriers could have stake in domestic airlines: Minister


January 14th, 2009 - 2:34 pm ICT by IANS
New Delhi, Jan 14 (IANS) The government should consider allowing foreign airline operators to own up to 25 percent stake in Indian carriers, Civil Aviation Minister Praful Patel said here Wednesday. "We ... Read more...

Posted in Uncategorized |

Bharat Petroleum in talks for Reliance gas


January 13th, 2009 - 4:38 pm ICT by IANS
New Delhi, Jan 13 (IANS) State-run Bharat Petroleum Company Limited (BPCL) Tuesday said it was negotiating with Mukesh Ambani-led Reliance Industries for allocation of gas from the Krishna-Godavari basin, off the Andhra ... Read more...

Posted in Uncategorized |

Fossil fuels will supply a third of energy till 2030: Pachauri


January 12th, 2009 - 5:03 pm ICT by IANS
New Delhi, Jan 12 (IANS) Painting a gloomy picture of adverse climate change affecting countries across the globe, a leading energy expert has said that more than one-third of world energy demand ... Read more...

Posted in Uncategorized |

Energy sector could be sabotage target: Pranab Mukherjee


January 12th, 2009 - 3:27 pm ICT by IANS
New Delhi, Jan 12 (IANS) Describing the Mumbai terrorist strikes as a direct attack on Indian's economic development, External Affairs Minister Pranab Mukherjee Monday said the energy sector could increasingly become a ... Read more...

Posted in Uncategorized |

We will bring inflation down: Montek (Roundup)


July 2nd, 2008 - 9:55 pm ICT by IANS
New Delhi, July 2 (IANS) Terming the 13-year high inflation of 11.42 percent as a short-term challenge, India's Planning Commission deputy chairman Montek Singh Ahluwalia Wednesday said the government would bring it ... Read more...

Posted in Business |

Iraq, the current oil crisis and American mismanagement(Book Review)


June 10th, 2008 - 12:50 pm ICT by IANS
By Shubha Singh "The Ultimate Prize - Oil and Saddam's Iraq"; Author: Ranjit Singh Kalha; Publisher: Allied Publishers Pvt Ltd; Price: Rs 695: Pages: 429 The price of crude oil jumped over $10 ... Read more...

Posted in Uncategorized |

Malaysia critical of Islamic countries’ role in oil crisis


June 9th, 2008 - 3:03 pm ICT by IANS
Kuala Lumpur, June 9 (IANS) Malaysia Monday criticised oil-producing Islamic nations, saying they were not interested in helping people deal with the current international oil crisis and were more inclined to follow ... Read more...

Posted in World |

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