ONGC seeks exemption from government’s share buyback request

ONGC seeks exemption from government’s share buyback request

India’s Oil and Natural Gas Corp Ltd (ONGC) has sought an exemption from a government request to buy back government-held shares in the company as ONGC needs the funds for its own capital expenditures, Chairman Shashi Shanker said on Wednesday.

Factbox: Risks to Middle East oil and gas shipping routes

Factbox: Risks to Middle East oil and gas shipping routes

Saudi Arabia said on Thursday it was suspending oil shipments through the Red Sea after Yemen’s Iran-aligned Houthis attacked two crude tankers, underscoring risks caused by the conflict in the world’s top oil exporting region.

Oil Rises But Declines For The Week As Supply Concerns Ease

Oil Rises But Declines For The Week As Supply Concerns Ease

Oil prices rose about 1 percent on Friday as strike actions in Norway and Iraq hit supplies, but futures were set for a second straight week of decline after Libyan ports reopened and on the view that Iran might still export some crude despite U.S. sanctions.

1 2 3 5