oil price

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 |

‘India has substantially reduced oil imports from Iran’


April 23rd, 2012 - 12:13 am ICT by IANS
Washington, April 22 (IANS) In the face of US sanctions on Iran, India has significantly reduced its oil imports from the country, though rising oil prices have caused immense ... Read more...

Posted in Business |

India concerned about oil price volatility: Mukherjee


April 22nd, 2012 - 8:49 pm ICT by IANS
Washington, April 22 (IANS) India is concerned about the volatility in the prices of oil, gas and other commodities as they were not aligned to economic fundamentals, Finance Minister ... Read more...

Posted in Business |

US stocks higher on housing report


February 28th, 2012 - 3:09 am ICT by IANS
New York, Feb 28 (IANS) US stocks traded higher at mid-day Monday as better-than-expected housing data helped lift the market, Xinhua reported.The Dow Jones Industrial Average surpassed the 13,000 mark.The ... Read more...

Posted in Uncategorized |

Iran to increase defence budget


February 3rd, 2012 - 9:18 am ICT by IANS
Moscow, Feb 3 (IANS/RIA Novosti) Iranian President Mahmoud Ahmadinejad has called for doubling the country's defence spending, the Mehr news agency reported.The president also wants to cut down financial budget ... Read more...

Posted in World |

Russian budget deficit expected at 1 percent of GDP


February 2nd, 2012 - 12:23 pm ICT by IANS
Moscow, Feb 2 (IANS/RIA Novosti) The federal budget deficit this year may come in at 1 percent of GDP, Russian Deputy Economic Development Minister Andrei Klepach said Wednesday.The forecast is ... Read more...

Posted in Business |

Global economy heading for another downturn: RBI


January 24th, 2012 - 2:40 pm ICT by IANS
Mumbai, Jan 24 (IANS) Just after three years, the global economy is heading for another downturn mainly because of eurozone debt crisis that would also pull down India's growth, the ... Read more...

Posted in Business |

RBI may revise inflation projection


December 8th, 2011 - 9:57 pm ICT by IANS
Kolkata, Dec 8 (IANS) Stating that it had already factored in rupee depreciation and soaring crude oil prices into its projection of 7 percent overall inflation by March next year, ... Read more...

Posted in Business |

Indian economy in a difficult situation: Pranab


December 7th, 2011 - 6:57 pm ICT by IANS
New Delhi, Dec 7 (IANS) Finance Minister Pranab Mukherjee Wednesday said India's economy is in a "difficult situation" because of slowing growth, stubborn inflation and a widening fiscal deficit, ... Read more...

Posted in Business |

Forced to hike petrol prices, say government, oil firms


November 4th, 2011 - 8:55 pm ICT by IANS
New Delhi, Nov 4 (IANS) Criticised over another petrol hike amid high inflation, the government and oil firms Friday defended themselves saying the hike could not be avoided as ... Read more...

Posted in Uncategorized |

Pakistan hikes petrol prices


August 1st, 2011 - 12:30 pm ICT by IANS
Islamabad, Aug 1 (IANS) Pakistan has increased petrol prices, an official said.The prices of petroleum products, barring high speed diesel, have been increased for August, reported the daily Dawn.Oil and ... Read more...

Posted in South Asia |

India’s growth will slow to 8.2 percent in 2011-12, says ADB


April 7th, 2011 - 6:35 pm ICT by IANS
New Delhi, April 7 (IANS) The Asian Development Bank (ADB) has lowered India's growth forecast to 8.2 percent in the current fiscal from an estimated 8.6 percent in 2010-11, warning ... Read more...

Posted in Business |

Indian equities fall on poor factory output, oil price (Weekly Market Review)


March 12th, 2011 - 1:41 pm ICT by IANS
Mumbai, March 12 (IANS) Acute volatility marked trading in Indian equities during the week ended Friday. The market sentiments were clearly affected by political uncertainties, poor growth in factory ... Read more...

Posted in Business |

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 |

Wall Street plunges amid concerns over Libya crisis


February 24th, 2011 - 5:29 am ICT by IANS
New York, Feb 24 (IANS) US stocks dropped for a second straight day Wednesday as investors were concerned about Libya turmoil and the growing Middle East unrest, Xinhua reported. Investors' concerns over ... Read more...

Posted in Business |

Wikileaks: Saudi oil reserves running low


February 10th, 2011 - 8:11 pm ICT by Aishwarya Bhatt
Riyadh, Feb 10 (THAINDIAN NEWS) A recent diplomatic cable released by WikiLeaks gives some shocking revelation about the state of Saudi Arabia’s oil reserve.For years many people have believed that Saudi Arabia ... Read more...

Posted in World |

Prices remain high in Delhi


January 21st, 2011 - 6:27 pm ICT by IANS
New Delhi, Jan 21 (IANS) Prices of edible oil increased and those of essential food commodities remained high in the national capital despite a slew of anti-inflationary measures undertaken by the ... Read more...

Posted in Business |

BP begins ’static kill’ at ruptured US oil well


August 4th, 2010 - 6:27 am ICT by IANS
Washington/New Orleans, Aug 4 (DPA) Oil company BP Plc Tuesday began the long-awaited pumping of mud into the ruptured well in the Gulf of Mexico - the so-called "static kill" to permanently ... Read more...

Posted in World |

London Broker Banned For Trading In A Drunken Condition


June 30th, 2010 - 9:00 pm ICT by Pen Men At Work
June 30, 2010 (Pen Men at Work): A London Broker was banned from trading for five years as he made unauthorized trades while in drunken condition thus causing a spike in ... Read more...

Posted in Odd news |

Murli Deora hints at fuel price hike


May 24th, 2010 - 8:35 pm ICT by ANI
Chennai, May 24 (ANI): Petroleum Minister Murli Deora on Monday hinted at a hike in fuel prices, asserting that a final call on it would be taken by the Group of Ministers ... Read more...

Posted in National |

Oil prices may rise to $100 a barrel: Mukesh Ambani


May 14th, 2010 - 3:27 pm ICT by IANS
Mumbai, May 14 (IANS) Crude oil prices may soon rise to $100 a barrel due to increasing costs of exploration and production, and businesses should be prepared for higher energy prices than ... Read more...

Posted in Business |

Senators Aiming For Fresh Taxes On Airlines


April 15th, 2010 - 7:17 pm ICT by GD
By Ranjan Bhaduri Washington, Apr 15, (THAINDIAN NEWS) In a recent move, six Democrat Senators including New York Democrat Charles Schumer have expressed the wishes to charge US airlines with a new tax ... Read more...

Posted in Business |

‘Oil mafia siphoned Rs.90 bn annually during Musharraf regime’


March 13th, 2010 - 12:50 pm ICT by IANS
Islamabad, March 13 (IANS) Pakistan's oil mafia is alleged to have siphoned Rs.90 billion annually during former president Pervez Musharraf's tenure by supplying substandard diesel at the rates of the high ... Read more...

Posted in South Asia |

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 |

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 |

Oil price hits record high for the year


October 19th, 2009 - 4:20 pm ICT by IANS
Frankfurt, Oct 19 (DPA) The price of oil hit a record high for the year Monday, topping $79 a barrel. Oil climbed to $79.35 in early trading Monday, amid hopes for the current ... Read more...

Posted in Business |

Oil price falls on unexpected US consumer confidence drop


August 15th, 2009 - 3:58 am ICT by IANS
New York, Aug 15 (Xinhua) Oil prices tumbled nearly 5 percent Friday as US consumer confidence fell unexpectedly in August. Oil's losses came after the Reuters/University of Michigan said that the consumer sentiment ... 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 |

Oil prices rise over better housing data


July 24th, 2009 - 4:46 am ICT by IANS
New York, July 24 (Xinhua) The oil prices ended above $67 a barrel Thursday after data showed existing home sales jumped for the third straight month in June. Light, sweet crude for September ... Read more...

Posted in Business |

Centre closely monitoring international oil pricing : Deora


July 23rd, 2009 - 5:48 pm ICT by ANI
New Delhi, July 23(ANI): Union Petroleum Minister Murli Deora on Thursday said that the Union Government is closely monitoring the oil price in the international market.In a written reply to the Lok ... Read more...

Posted in National |

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 |

US stocks rise on retail, oil and interest rates


June 12th, 2009 - 5:18 am ICT by IANS
New York, June 12 (DPA) US stocks posted gains Thursday amid a drop in long-term borrowing costs, a rise in oil prices and improving US retail sales. The stock gains sent the Standard ... Read more...

Posted in Business |

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