Oil prices rise as Middle East tensions simmer

Oil prices rise as Middle East tensions simmer

Oil prices climbed on Monday as tensions remain high between Iran and the United States, with US Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced.

IOC’s Sankari terminal set for expansion

IOC’s Sankari terminal set for expansion

An emergency safety drill to avert fire and other types of accidents and how to handle any unexpected incident was held at the IndianOil’s Sankari terminal near Salem. Indian Oil is India’s largest commercial enterprise and is in the Fortune 500 Global listing, straddling the entire hydrocarbon value chain.

Power Corpn meets record demand of 2,638L units

Power Corpn meets record demand of 2,638L units

Punjab State Power Corporation Limited (PSPCL) has met the record demand of electricity in the state. PSPCL chief managing director Baldev Singh Sran said the corporation supplied 2,638 lakh units of electricity on Saturday to all consumers

Rising Iran-US tension revives India’s oil worry

Rising Iran-US tension revives India’s oil worry

The heightened tension between the US and Iran around the Strait of Hormuz has revived the spectre of high oil prices squeezing the headroom for big-ticket federal spending just when the government is gearing up to energise economic activity.