Oil weakened in Asian trade today as investors remained cautious despite backing from EU leaders for a deal aimed at saving the eurozone, analysts said. New York’s main contract, light sweet crude for January delivery, dropped ...

The under-recoveries of state-owned Oil Marketing Companies (OMCs), due to selling of fuels at discounted rates, could cross Rs2 lakh crore this fiscal if crude prices remain at current levels, oil secretary, S Sundareshan said on ...

Oil dipped in Asian trade today as traders locked in profits after gains last week, analysts said. New York’s main contract, light sweet crude for delivery in May fell 70 cents to $108.96 a barrel. Brent North Sea ...

Oil retreated in Asian trade today as investors booked profits from last week’s rally, but prices remain on an upward trend due to political volatility in West Asia and North Africa. Analysts said any pullback would ...

On the second trade day after the Japanese nuclear crisis, crude fell in Asia today as traders continued to assess the impact on demand. New York’s main contract, light sweet crude for delivery in April, dipped ...

India and Brazil have agreed to set up a CEOs forum and identified the priority sectors – energy, oil, tourism, pharma, value-added manufacturing, mining and agro-processing. This was announced by commerce and industry minister, Anand Sharma after ...

Nearly three years to the day after oil prices first pierced US $100 a barrel, they are again threatening to break triple digits on a wave of fund-led optimism, but similarities between 2008 and 2011 end ...

il climbed to a 26-month high on Monday as a blizzard in the US Northeast offset uncertainty over Chinese fuel demand following a Christmas Day interest rate hike. US crude for February rose 33 cents to $91.84 ...

In a bid to make up for the slipped deadlines, the Department of Chemicals and Petrochemicals (DCPC) has decided to induct two independent directors on the board of Brahmaputra Cracker and Polymer Limited (BCPL). ...

From 1 December, ONGC and OIL have been allowed to charge up to US $5.25 per mmBtu for gas sold to sectors other than power and fertilizer ...