Oil shortage or surplus? Floating storage swamps Europe

Oil shortage or surplus? Floating storage swamps Europe

OPEC is considering whether or not to raise its oil production to prevent the global market from becoming too squeezed, but there is one part of the world that is telling a very different story about the balance between supply and demand.

GST won’t stop oil price fluctuations: Economic advisor

GST won’t stop oil price fluctuations: Economic advisor

The inclusion of petroleum products under the Goods and Services Tax (GST) will not prevent price fluctuations as India is a massive importer of crude and domestic prices will reflect global price movements, said Sanjeev Sanyal (in pic), principal economic advisor in the finance ministry.

NTPC tripped by fuel availability curbs

NTPC tripped by fuel availability curbs

NTPC Ltd’s double-digit growth in revenue and profit for the March quarter (Q4) may have been impressive but investors were not enthused. Its shares gained after the Q4 results announcement on Monday but declined on Tuesday.

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