More Indian oil companies said to attract international interest

More Indian oil companies said to attract international interest

India is expected to see entry of several international oil majors in the short-to-medium term, with more state-owned and private sector companies are said to be drawing up plans to divest stakes in their refinery & petrochemical and fuel retail businesses, industry analysts have said.

Oil prices rise on expectations of more OPEC output cuts

Oil prices rise on expectations of more OPEC output cuts

Oil prices rose on Friday, supported by expectations of more production cuts by OPEC amid fears the US-China trade row could lead to a global slowdown, curbing demand for crude. International benchmark Brent crude futures, were at $57.61 a barrel by 0009 GMT, up 23 cents, or 0.4%, from their previous settlement.

Shell pens India deal with Cleantech Solar

Shell pens India deal with Cleantech Solar

Anglo-Dutch energy major Shell has signed a deal with Cleantech Solar, a leading provider of renewable energy to corporations in India and Southeast Asia, to acquire 49 percent equity in the company.