London/ New Delhi, (IANS) : Oil prices surged over 5 per cent on news that the Organisation of Petroleum Exporting Countries (OPEC) had reached an agreement to freeze output, even though rates dropped a bit in early trade on Thursday as traders took profits following...
New Delhi, (IANS) : The government has hiked the annual cap of coal for sale through state-nominated agencies to 10,000 tonnes per annum from 4,200 tonnes per annum (TPA). "Union Ministry of Coal has issued an order with respect to the amendment to the New Coal...
Algiers (IINA) : Secretary General of the Organization of Petroleum Exporting Countries (OPEC) Mohammed Sanusi Barkindo said that talks on the possibility of reaching an arrangement to allow reducing the oil market surplus is taking the correct direction. In a...
New York, (IANS) : Oil prices fell on Tuesday as Iran said it was not willing to freeze its oil output at current levels, denting market expectation for a output-freeze deal among Organisation of the Petroleum Exporting Countries (OPEC) members. Iranian Oil Minister...
Kolkata, (IANS) : State-run Coal India Ltd's share buy-back offer will open from October 3 to October 18 and the state-run miner has appointed SBI Capital Markets Ltd as the manager to the offer, a regulatory filing said on Tuesday. Coal India board had approved the...
New Delhi, (IANS) : State-run oil marketer Indian Oil Corp. (IOC) and the US Trade and Development Agency (USTDA) have signed an agreement to jointly explore cleaner fuels, IOC said on Monday. "The USTDA awarded a grant to Indian Oil to analyse options for optimising...
London/ New Delhi, (IANS) : With the Organisation of Petroleum Exporting Countries (OPEC) due to meet on the sidelines of a global energy summit in Algeria that got underway on Monday, crude prices rebounded, even as a report said that OPEC needs to cut production to...
Dubai, (IANS) : A Dubai-based regional research firm said here on Sunday the Organisation of Petroleum Exporting Countries (OPEC) needs to cut production to sustain a rise in crude prices above $50 a barrel. According to the GIQ Industry Survey, "it does not matter if...
Algiers, (IINA) : Algeria plans to allow its state banks to list on the local stock exchange to help develop its financial markets and diversify sources of funding after the oil price slide, Reuters cited a senior financial official as saying. The plan will open the...
New York, (IANS) : Oil prices declined after rallying for two sessions earlier this week. The West Texas Intermediate for November delivery on Friday lost $1.84 to settle at $44.48 a barrel on the New York Mercantile Exchange, while Brent crude for November delivery...