By Biswajit Choudhury, New Delhi, (IANS) : The defining moment for the oil sector came towards the end of the year with the deal between OPEC and non-OPEC countries on cutting production, which immediately boosted crude prices, while in a move designed to increase...
New Delhi, (IANS) : In a move to improve fuel availability and cut its transportation cost, the government on Wednesday allowed swapping of coal between public sector and private sector companies. "Only today (Wednesday) I have approved the proposal. Henceforth,...
By Rohit Vaid, Mumbai, (IANS) : The central government's efforts to build consensus on the countours of the Goods and Services Tax (GST), along with rupee fluctuations and volatility in global crude oil prices, are expected to set the course for the Indian equity...
Kolkata, (IANS) : Coal India Ltd (CIL) on Tuesday reported a 77.38 percent fall in consolidated net profit to Rs 600.44 crore in the quarter ended September 30, 2016 as compared to Rs. 2,654.35 crore in the same quarter last year. Its total income from operations for...
New Delhi, (IANS) : The Indian basket of crude oils gained more than $3 a barrel over the weekend even as global prices surged to an 18-month high after a landmark deal to reduce output was agreed on by the worlds largest producers, including Saudi Arabia and Russia....
New York, (IANS) : Oil prices increased on Monday after oil producers outside the Organisation of the Petroleum Exporting Countries (OPEC) agreed to reduce output. Non-OPEC oil producers, led by Russia, agreed on Saturday to reduce crude output by 558,000 barrels per...
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....