Prime Minister Narendra Modi Monday warned oil producers like Saudi Arabia that high crude prices are hurting the global economy and sought a review of payment terms to provide a temporary relief to the local currency.
India hopes to forge partnerships with private players to build out its strategic petroleum reserves within the coming year, the head of Indian Strategic Petroleum Reserves Ltd (ISPRL) said on Monday.
India and Iran have renewed efforts to operationalise one berth at the Chabahar port amid growing fears of US sanctions on Iran kicking in early next month. An Iranian delegation was in Delhi
The Gujarat government has approached the Supreme Court to prevent consumer groups such as Energy Watchdog and Prayas Energy from influencing decision on resolution proposal of Rs 50,000-crore imported coal-based plants of Tata Power, Adani Power and Essar Power.
The world’s two big intergovernmental energy groups have updated their outlooks for the oil market to the end of next year
Environment Minister Harsh Vardhan said Saturday a plant to covert plastic waste into bio-diesel will soon be made operational at the Indian Institute of Petroleum (IIP) in Dehradun. He was speaking at the International E-Waste
The commodities markets kept investors glued to it during the week gone by with crude oil swinging to the news reports coming out of the US, Iran and Saudi Arabia while all eyes were on the precious metals amid strong volatility in equity and currency markets.
The road transport and highways authority is looking to either rebid for or acquire incomplete national highway projects being undertaken by the debt-ridden Infrastructure Leasing and Finance Corporation (IL&FS).
Seven companies including RKM PowerGen, Jaiprakash Associates and MB Power have secured contracts to supply 1,900 MW of power to five states. Power Finance Corp Consulting Ltd, a wholly-owned subsidiary of state-owned Power Finance Corp, awarded the contracts on Friday.
Prime Minister Narendra Modi Friday reviewed the oil and gas production profile of state-owned ONGC and OIL over the near to medium term to assess how his target to cut oil imports by 10 per cent would be met.