US oil inches down amid concerns of economic slowdown

US oil inches down amid concerns of economic slowdown

US oil prices edged down on Friday as concerns over economic growth were rekindled after talks fell short of offering concrete steps to end the Sino-US trade conflict, although OPEC-led production cuts bolstered sentiment in crude markets.

Rs 40,000 crore investment expected in OALP-II bid round

Rs 40,000 crore investment expected in OALP-II bid round

The government is expecting about Rs 40,000 crore of investment in the 14 blocks it put up on auction for prospecting of oil and gas in the second round of open acreage licensing policy (OALP), Oil Minister Dharmendra Pradhan said on Monday.

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