Iran is ready to invest in the expansion of a South Indian refinery, an Iranian official said in New Delhi on Tuesday, as the country seeks new avenues of growth amid debilitating U.S. sanctions.
Stalemate between the Centre and the Delhi government over financial aspects of Delhi Metro”s 104-km phase-IV came under the scanner of the Supreme Court which said Monday that it would pass order in the matter as the “project cannot wait”.
The meeting between the Niti Aayog and industry representatives to draw up a road map for the rapid adoption of electric vehicles (EVs) on June 21 wasn’t exactly harmonious, according to people who attended.
India’s state-owned Hindustan Petroleum Corporation Limited (HPCL) has appointed Al Nabooda Automobiles as its UAE distributor, the petroleum giant has announced. Part of the diversified conglomerate Khalifa Juma al-Nabooda Group, al-Nabooda Automobiles
Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies, putting more strain on global growth already hurt by the trade war being waged by U.S. President Donald Trump and weakening consumer confidence.
Crude oil prices fell 2.47 per cent to Rs 3,628 per barrel Wednesday as participants reduced holdings amid a weak trend overseas. On the Multi Commodity Exchange, crude for June delivery fell by Rs 92, or 2.47 per cent, to Rs 3,628 per barrel in a business volume of 23,610 lots.
Iranian Oil Minister Bijan Namdar Zanganeh on Wednesday claimed two neighbouring countries were “exaggerating” their production capacity to reassure markets after the US ended sanction waivers for buyers of Iranian crude. Zanganeh also said Washington’s stated aim to bring Iran’s oil exports
U.S. crude oil production fell 187,000 barrels per day in February to 11.7 million bpd as output dropped in the Gulf of Mexico and key on-shore oil producing states including Oklahoma and North Dakota, according to U.S. government data on Tuesday.
President Nicolas Maduro is funnelling cashflow from Venezuelan oil sales through Russian state energy giant Rosneft as he seeks to evade U.S. sanctions designed to oust him from power, according to sources and documents reviewed by Reuters.
At least five companies are interested in six fracking blocs in Colombia, and use of the technique could nearly triple the country’s reserves of crude and gas, the energy minister said.