oil market

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 |

Obama seeks to curb speculation in oil market


April 18th, 2012 - 11:24 am ICT by IANS
Washington, April 18 (IANS/EFE) US President Barack Obama Tuesday announced a plan to "crack down" on speculation in the crude oil markets to put the brakes on the rise ... Read more...

Posted in Business |

Libya military intervention more in interest of Europe than US: Jim Jones


April 4th, 2011 - 2:35 pm ICT by ANI
Washington, Apr 4 (ANI): Former US National Security Advisor Jim Jones has said that the military intervention in Libya was more in the vital interest of Europeans" than Americans."It's not a ... Read more...

Posted in World |

Special stamp issued on OPEC’s 50th anniversary


February 14th, 2011 - 11:58 pm ICT by IANS
Abu Dhabi, Feb 14 (IANS/WAM) The Emirates Post Monday issued a special stamp commemorating the 50th anniversary of the Organisation of Petroleum Exporting Countries (OPEC).An ornamental frame containing the stamp was presented ... Read more...

Posted in Business |

Emami eyes 15 percent share in packaged edible oil market


August 19th, 2010 - 9:43 pm ICT by IANS
Chennai, Aug 19 (IANS) Emami Biotech, the latest entrant in the growing packaged edible oil segment, is hoping to capture 15 percent market share in three years time. Part of the Kolkata-based Emami ... Read more...

Posted in Business |

Godrej Agrovet plans Rs.60 crore investment in Bengal, Bihar


July 24th, 2010 - 6:31 pm ICT by IANS
Kolkata, July 24 (IANS) Diversified agri-business company Godrej Agrovet Limited (GAVL) plans to invest Rs.60 crore in West Bengal and Bihar for setting up animal feed mills, a top company official said ... Read more...

Posted in Business |

Oil Broker Stephen Perkins Banned For 5 Years By FSA


June 30th, 2010 - 7:58 pm ICT by GD
By Madhuri Dey June 30, (THAINDIAN NEWS) A London Oil broker named Stephen Perkins on Tuesday was handed down a 5 years ban along with a fine of 110,000 dollar by the Financial ... Read more...

Posted in Business |

UAE says it is committed to OPEC output quota


March 17th, 2010 - 7:57 pm ICT by IANS
Vienna, March 17 (IANS) The United Arab Emirates (UAE) is fully committed to its Organisation of Petroleum Exporting Countries (OPEC) production quota, UAE Minister of Energy Mohammed Bin Dhaen Al Hamili has ... Read more...

Posted in Business |

Emami launches edible oil brand


February 20th, 2010 - 9:54 pm ICT by IANS
Kolkata, Feb 20 (IANS) City-based Rs.2,500-crore Emami Group has forayed into the food and beverage business with the launch of its edible oil brand "Healthy and Tasty" and plans to clock Rs.300 ... Read more...

Posted in Business |

OPEC members to continue oil production cut


July 19th, 2009 - 12:03 am ICT by IANS
Luanda, July 18 (Xinhua) Organisation of the Petroleum Exporting Countries chairman Botelho de Vasconcelos said here at the weekend that OPEC member countries will continue to comply with their decision on oil ... Read more...

Posted in Business |

Britain calls for greater transparency in oil market


December 19th, 2008 - 5:53 pm ICT by IANS
London, Dec 19 (DPA) A British minister Friday called for further action to safeguard the stability of oil prices despite the current decline of the price for crude oil in the face ... Read more...

Posted in Business |

Russia may cut oil production to check falling prices


November 25th, 2008 - 5:53 pm ICT by IANS
New Delhi, Nov 25 (IANS) Russia does not rule out reducing production of oil as a reaction to the continuous fall in international crude prices. “We cannot rule out the cutting down ... Read more...

Posted in Business |

OPEC meet in November, crude price slides below $80


October 10th, 2008 - 6:11 pm ICT by IANS
Vienna, Oct 10 (DPA) The Organisation of the Petroleum Exporting Countries (OPEC) has scheduled a special meeting in November, as the cartel's crude oil price remained below $80 for the second ... Read more...

Posted in Business |

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 |

OPEC calls for peace with Iran to settle oil prices (Lead)


July 1st, 2008 - 11:31 pm ICT by IANS
DPA Madrid, July 1 (DPA) The Organisation of Petroleum Exporting Countries (OPEC) Tuesday set the steadying the US dollar and the easing of tensions between the West and Iran as key conditions for ... Read more...

Posted in World |

Oil supplies are plentiful: Qatar


June 30th, 2008 - 10:16 pm ICT by IANS
DPA Madrid, June 30 (DPA) Qatari Energy Minister Abdullah bin Hamad al-Attiyah Monday emphatically denied claims by some oil importing countries that supply shortages were making oil prices soar. "There is no shortage," ... Read more...

Posted in Uncategorized |

India wants oil price band, Saudi Arabia moots pro-poor initiative (Roundup)


June 22nd, 2008 - 11:07 pm ICT by IANS
Jeddah, June 22 (IANS) The world's top oil producing and consuming nations have embarked on a new dialogue to bring under control the spiralling prices that have pushed inflation levels to historic ... Read more...

Posted in World |

Beleaguered government for more steps to tame inflation (Roundup)


June 21st, 2008 - 6:15 pm ICT by IANS
New Delhi, June 21 (IANS) Beleaguered by a 13-year high annual inflation at 11.05 percent, the government Saturday doled out hopes and promises to tame inflation. Finance Minister P. Chidambaram Saturday said ... Read more...

Posted in Business |

Wall Street rebounds after big dip in oil prices


June 20th, 2008 - 7:51 am ICT by IANS
DPA New York, June 20 (DPA) Major US stock market indices halted a three-day slide after the price of oil fell Thursday. The price of crude oil on the New York Mercantile Exchange ... Read more...

Posted in World |

As oil prices rise, battle for strategic control of oil reserves will be joined (Commentary)


June 16th, 2008 - 12:46 pm ICT by IANS
By R.S. Kalha Why is Iraqi oil so important and coveted so much? Three reasons are usually given. First, Iraq's oil is of very high quality and has attractive chemical properties such as ... Read more...

Posted in World |

World economy threatened by oil, food prices


June 14th, 2008 - 1:31 pm ICT by IANS
DPA Osaka (Japan), June 14 (DPA) Rising oil and commodity prices are posing a threat to the global economy, the finance ministers of the Group of Eight (G8) said Saturday. "Elevated commodity prices, ... Read more...

Posted in World |

G8 ministers continue talks on oil, commodity prices


June 14th, 2008 - 11:08 am ICT by IANS
DPA Osaka (Japan), June 14 (DPA) Finance ministers of the world's seven richest states and Russia Saturday continued their meeting in Japan, as inflation woes threatened to sideline climate change, development topics. The ... Read more...

Posted in World |

Oil crisis heading for far more serious crisis, world over


June 12th, 2008 - 1:02 pm ICT by ANI
By Prem PrakashLondon, June 12 (ANI): With demonstrations and strikes against rising oil prices hitting not just India, but rest of the world as well, the crisis is set to get ... Read more...

Posted in Health Science |

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 |

Bush arrives in Riyadh for talks with Saudi King


May 16th, 2008 - 7:16 pm ICT by admin
DPA Riyadh, May 16 (DPA) US President George W. Bush arrived in the Saudi capital Riyadh Friday for a two-day visit to hold talks with Saudi King Abdullah Bin Abdel-Aziz. Soaring oil prices, ... Read more...

Posted in World |

Iran rejects reports of cutting crude output


May 13th, 2008 - 9:59 pm ICT by admin
Tehran, May 13 (IANS) Iran Tuesday rubbished reports that it has decided to reduce its crude oil production drastically, official IRNA news agency reported. "Iran usually decides about prices of its crude ... Read more...

Posted in World |

Soaring oil prices fuel economic fears (Lead)


May 9th, 2008 - 7:12 pm ICT by admin
DPA Frankfurt, May 9 (DPA) Oil prices are ending the week on a record high after surging towards $125 per barrel in trading Friday. A weak US dollar combined with American supply worries ... Read more...

Posted in World |

Indian Olive Association welcomes duty reduction


April 3rd, 2008 - 4:50 pm ICT by admin
New Delhi, April 3 (IANS) The Indian Olive Association has welcomed the sharp reduction in import duties on the product, saying it would bring down prices by 15 percent and make the ... Read more...

Posted in Business |

Government urged to slash olive oil import duty


March 31st, 2008 - 8:34 pm ICT by admin
New Delhi, March 31 (IANS) The Indian Olive Association (IOA) has regretted that its appeal to the central government to abolish the import duty on olive oil has been ignored though tariffs ... Read more...

Posted in Business |

OPEC says it only wants to keep oil demand-supply balance


March 6th, 2008 - 5:25 pm ICT by admin
Vienna, March 6 (IANS) The Organization of the Petroleum Exporting Countries (OPEC) has decided to maintain production targets during the second quarter of the current year, WAM news agency reported Thursday. The ... Read more...

Posted in Business |

Saudi Arabia oil major to hike refining capacity


February 25th, 2008 - 11:31 pm ICT by admin
Abu Dhabi, Feb 25 (IANS) Saudi Arabian oil major Aramco is to expand its refining capacity to 400,000 barrels per day (bpd) mainly to meet domestic demand for automobile fuel and other ... Read more...

Posted in Business |

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