New York, (IANS) : Oil prices dropped on Tuesday, breaking four-session win streak, as market fear record crude output and the reaction of US shale producers may undermine the Organisation of the Petroleum Exporting Countries (OPEC)'s output cut deal. The West Texas...
Mumbai, (IANS) : The price of petrol is expected to rise 5-8 percent and that of diesel by 6-8 percent over the next 3-4 months after last week's decision by the Organisation of Petroleum Exporting Countries (Opec) to cut crude oil production by 1.2 million barrels...
New Delhi, (IANS) : The 13-nation OPEC cartel said on Monday that a stable oil market, which will result from the recent move to cut output, is vital for India as it will guarantee assured supply for the country. At a meeting in Vienna last week, the Organization of...
New Delhi, (IANS) : Prime Minister Narendra Modi on Monday invited foreign companies to invest in the Indian oil and gas sector, saying the country's economy was expected to grow five-fold by 2040. "My message to global hydrocarbon companies is come and Make in India....
New Delhi, (IANS) : The Indian oil and gas sector is emerging as a vehicle for socio-economic change in the country, Petroleum Minister Dharmendra Pradhan said on Sunday. "Over the years it has played its part in making energy affordable and accessible through the...
Kolkata, (IANS) : Coal India Ltd has extended the last date for payment of coal value in view of "temporary problems" faced by coal consumers due to "short-run disruption in cash" resulting from demonetisation. "In view of the temporary problems being faced by our...
New Delhi, (IANS) : Ratings agency Moody's on Thursday upgraded the outlook for the Indian power sector to stable from negative on the back of a jump in domestic coal production and likely improvement in the financial health of state distribution companies (discoms)...
Vienna, (IANS) : The Organization of the Petroleum Exporting Countries (OPEC) agreed on Wednesday to reduce their production of crude oil to 32.5 million barrels per day, which lead to a surge in oil pricing, media reports said. The reduction is effective from January...
Chennai, (IANS) : Low fuel prices coupled with an accommodative monetary policy from the Reserve Bank of India (RBI) is what credit rating agency Fitch Ratings expects to support demand for passenger vehicles in 2017. According to Fitch, the demonetisation of...
New Delhi, (IANS) : Union Petroleum Minister Dharmendra Pradhan on Monday inaugurated a workshop for creating an innovation ecosystem for start-ups in the oil and gas sector, said an official statement. "The oil and gas public sector undertakings (PSUs) have allocated...