High oil prices threaten to worsen a global economic slowdown and crude producers should consider boosting output, the chief economist for the International Energy Agency said. “The current high oil prices have the potential to strangle ...
Brent crudeBrent crude futures rose above $106 on Thursday, recouping some losses as investors seized the opportunity to buy after the previous session saw the biggest plunge in nearly three months, given worries over West Asia ...
Shares of state-owned oil marketing companies (OMCs) – Indian Oil, HPCL and BPCL are trading higher after yesterday’s fall on reports that they are set to raise petrol price by 50-60 paise from December 16 as ...
State-owned Indian Oil Corp (IOC) is in talks with L&T-Tata Steel-owned Dhamra Port Co Ltd for setting up a 5 million tons a year LNG terminal in Orissa, the firm’s director incharge of new businesses has ...
Opec oil producers on Wednesday agreed their first new production limit in three years in a deal that settles a 6-month-old argument over output levels in Saudi Arabia’s favour.
The Organisation of the Petroleum Exporting Countries agreed ...
Oil prices rose 2% on Tuesday as geopolitical jitters about Iran combined with threats to supply and key shipping lanes sent US crude above $100 a barrel. Crude futures briefly surged nearly $4 a barrel after ...
State-owned Indian Oil Corp’s (IOC) today said its borrowings have risen to over Rs 79,000 crore, as it lost a record Rs 227 crore per day on selling diesel, domestic LPG and kerosene at controlled rates. ...
Crude prices were mixed in Asia today with markets rattled by worries that a European Union deal on curbing the euro zone’s debt crisis was not far-reaching enough, analysts said.
New York’s main contract, light sweet crude ...
The board of Haldia Petrochemicals (HPL) today unanimously agreed to resolve the long- standing ownership issue in the interest of the company. “On the ownership issue, the board expressed unanimously the need to secure a speedy ...
State-run Indian Oil Corporation (IOC) has emerged as the country’s biggest company in terms of annual revenue, followed by Mukesh Ambani-led private sector giant Reliance Industries (RIL) at the second place, as per an annual list ...
