Vadodara: Public sector firms including the Indian Oil Corporation Limited (IOCL), the Bharat Petroleum Corporation Limited (BPCL) and the Hindustan Petroleum Corporation Limited (HPCL) are planning to add 4,530 retail outlets across Gujarat in a bid to expand its network and meet growing fuel needs.
Several tankers carrying diesel fuel are floating off Taiwan and Southeast Asian waters as a steep fall in oil prices kept buyers at bay, trade and shipping sources said on December 7, helping push rates to their highest since January 2016.
Moored in the endless South Atlantic Ocean far off the coast of Angola, the “Kaombo Norte” oil-extraction vessel is a deeply impressive sight — 330 metres (1083 feet) long, with a tower 110 metres high sending a burning flame into the sky.
The Union Government on December 3, 2018 constituted a six-member committee to look at selling of 149 small and marginal oil and gas fields of state-owned the Oil and Natural Gas Corporatio (ONGC) and Oil India Limited
The UAE and Saudi Arabia have stood by India + to cover deficits in oil supplies in the past and would do so in the future, said Ahmed Al Banna, UAE envoy to India.
India’s Petroleum Minister Dharmendra Pradhan on Monday asked oil-producing countries to keep the interests of large consumers like India in mind while fixing prices of oil.Speaking at the Ministerial session on Abu Dhabi International Petroleum
Major oil producers on hand for a summit in Abu Dhabi acknowledge that production cuts of up to 1 million barrels a day may be necessary. Saudi Energy Minister Khalid al-Falih said on Monday that an analysis suggested that cut may
State-run oil-marketing companies continued to cut the prices of key transport fuels — petrol and diesel — well into the fourth week on Saturday on lower global crude oil prices.
The Cabinet on Thursday approved filling up of the underground strategic oil storage at Padur in Karnataka by foreign oil companies, who could use it as a storage for trading in the region but will have to part with the oil in case of an emergency in India.
India’s economic managers might have heaved a collective sigh of relief over Washington’s decision to exempt India and seven other nations (including Japan and China) from a complete ban on importing Iranian oil