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...
New York, (IANS) : The international crude oil prices slumped on Friday as market adopted an wait-and-see attitude toward a possible output cut deal among oil producers. Saudi Arabia, member and top oil exporter in the Organisation of the Petroleum Exporting Countries...
Riyadh, (IANS) : World's top crude oil producer Saudi Aramco, the state-owned oil company of the Kingdom of Saudi Arabia, said it made a major advancement in its POWERS technology that will simulate oil migration problems in the Kingdom in a fraction of the time it...
Washington, (IANS) : The US dollar rose to an 11-month high against other major currencies, as UPresident-elect Donald Trump's potential economic policies boosted market expectations of further interest-rate increases. The dollar index, which tracks the greenback...
New York, (IANS) : Oil prices extended last week's declines on Monday, dragged down by worries about oversupply as Organization of Petroleum Exporting Countries (OPEC) saw record crude production last month. The West Texas Intermediate for December Delivery on Monday...