Oil & gas

Brent oil climbs slightly as commodities rally

19 Jan 2016

Oil falls below $30 as Iran floods market, Chinese demand slows

16 Jan 2016

Oil prices crashed to a 12-year low below $30 a barrel as a post-sanctions Iran prepared to unleash a flood of new oil amid a slowdown in demand from the world's two biggest economies, the US and China

Mayhem on Wall St as oil plunges below $30

16 Jan 2016

More than a fifth of S&P 500 stocks fell to 52-week lows, with technology being the biggest loser, as oil fell to below $30 a barrel and worries grew about the slowdown in China

Petrol becomes cheaper by 32 paise, diesel by 85 paise/litre

15 Jan 2016

Post-sanctions Iran to unload oil on India, Europe

15 Jan 2016

Iran hopes to increase its exports to India by 200,000 barrels per day to some 460,000 bpd, and Indian refiners say they are willing to buy it if the price is right

IOC to invest Rs4,000 cr in making refinery Euro VI-ready

12 Jan 2016

Shell sees BG deal working at oil prices averaging $50 for two years

08 Jan 2016

Saudi Arabia may sell stake in oil monopoly Aramco

08 Jan 2016

A potential initial public offering is under review for Saudi Arabian Oil Co, also known as Aramco, whose investment decisions can move crude prices and affect economies around the world

Govt hikes excise duty on petrol, diesel for a second time in two weeks

02 Jan 2016

Increasing LNG exports ‘marginally positive’ for US economy

02 Jan 2016

ConocoPhillips to export first US shale oil to Vitol Group

02 Jan 2016

Kerosene subsidy to be paid to beneficiary accounts from 1 April

02 Jan 2016

Non-subsidised LPG to cost Rs50 more; Jet fuel price cut by 10%

02 Jan 2016

Qatar halves gas price, waives India’s Rs12,000-cr liability

02 Jan 2016

The new gas pricing formula, which is linked to the price of European benchmark Brent crude, would entail a saving of Rs4,700 crore annually for the fertiliser industry alone, the biggest consumer of liquid gas

Gas starts flowing from Shell’s Corrib natural gas wells off Irish coast

31 Dec 2015

Essar Oil completes Rs3,745-crore dilisting

31 Dec 2015

Railways eyes own refining capacity to save on diesel tax: report

30 Dec 2015

Saudi Arabia sees $138-bn budget deficit for 2015 as oil plummets

29 Dec 2015

Saudi Arabia, the world's top oil exporter, is running a record budget deficit for 2015 as low oil prices dented state revenues

BPCL’s new crude distillation unit in Mumbai dedicated to nation

28 Dec 2015

No LPG subsidy for those with income over Rs10 lakh

28 Dec 2015

The government’s subsidy payout on LPG in 2014-15 was Rs40,551 crore, which this fiscal is less than half as oil prices have slumped to six year low and the latest decision will further reduce the government’s subsidy bill

Petroleum products to be out of GST for some time: Arvind Subramanian

28 Dec 2015

Russian air force blows up thousands of ISIL oil trucks

26 Dec 2015

Nepal signs long-term fuel supply deal with China

26 Dec 2015

ONGC Videsh picks up stake in Russian oil fields

26 Dec 2015

Modi looks to deepen energy, defence ties with Russia

23 Dec 2015

India and Russia are likely to ink a number of pacts in sectors, including defence and nuclear energy, during the visit, the high point of which will be Thursday's 16th annual summit between the countries