OPEC Secretary-General Mohammad Barkindo said global spare oil capacity was shrinking, adding that producers and companies should increase their production capacities and invest more to meet current demand.
Electric utility company CESC Ltd’s shares rise as much as 5.3 pct to 948.35 rupees, their highest since Sept 24. Co said here on Friday that after NCLT nod, it has decided to demerge non-power investments into two entities – new retail and venture companies
Shares of Indian airlines rise despite the global sell-off after govt said on Wednesday it would cut the factory gate tax on jet fuel to 11 pct from 14 pct InterGlobe Aviation Ltd rises as much as 6.1 pct to 790 rupees
Oil prices fell to two-week lows as they extended big losses from the previous session amid a rout in global stock markets, with oil also taking a hit from an industry report showing U.S. crude inventories rose more than expected
India’s Chennai Petroleum Corp Ltd has shut a 74,000 barrel per day (bpd) crude unit at its 210,000 bpd Manali refinery in Tamil Nadu from Oct. 6 for about month for planned maintenance, the company has said.
Higher retail fuel prices pose a challenge, said India’s Oil Minister Dharmendra Pradhan. He said he spoke to Saudi Arabia’s Oil Minister two days ago to discuss high oil prices
India’s biggest state-owned refiner Indian Oil Corp Ltd said on Wednesday that a gradual rise in India’s natural gas consumption could reduce local diesel demand.
India’s steel minister said on Thursday he wanted the finance ministry to scrap the 2.5 percent duty on imports of coking coal, a key steelmaking raw material, to limit input costs.
India’s state-run energy companies are looking to participate in more oil and gas projects in Russia, India’s oil minister said on Thursday, as a way to use the sector to bolster ties with the traditional ally rich in resources.
Indian cabinet on Wednesday approved a policy to provide fiscal incentives for oil recovery from matured fields by implementing better techniques – Oil Minister