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Oil prices have been further pushed up by US sanctions against OPEC-members Iran and Venezuela, which Barclays bank estimates to have resulted in a reduction of around 2 million bpd in global crude supply. Supply from the Organization of the Petroleum Exporting Countries (OPEC) fell to a four-year low in February, a Reuters survey found, […]

Brent crude was up 8 cents, or 0.Chevron Corp’s 356,440 barrel-per-day Pascagoula, Mississippi, oil refinery is closely monitoring the progress of Hurricane Dorian, a company spokesman said on Thursday.Cushing stocks have dropped by over 300,000 barrels since the government report, traders said, citing market intelligence firm Genscape’s midweek report. The contract is set for a […]

The only way to offset this is for the financial markets to start financing and funding upstream projects. REUTERS Published: Apr 11, 2018, 2:49 pm IST Updated: Apr 11, 2018, 2:49 pm IST The world’s biggest exporter of oil will not sit by and let another supply glut surface.Asked if India, a major consumer, would […]

THE ASIAN AGE Published: Oct 18, 2017, 4:24 pm IST Updated: Oct 18, 2017, 4:25 pm IST Experts say RIL& Wholesale conical twin screw barrel 039;s telecom arm will turn profitable in December quarter; Jio now has a loss of Rs 271 crore.Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. “The consistent rally […]

“If oil prices stay above USD 70 per barrel for the remainder of the year and the government refrains from asking ONGC to share the costs of any fuel subsidies, we expect ONGC to generate a consolidated free cash flow of more than Rs 20,000 crore after likely capital spending of Rs 30,000 crore and […]

80 per barrel at 0120 GMT, up 38 cents, or 0..Brent crude oil futures LCOc1 were at $71..“With so many potential supply disruptors in play and few signs that the current market upheaval will end any time soon, traders continue to pay the geopolitical risk premium,” said Stephen Innes, head of trading for Asia-Pacific at […]

THE ASIAN AGE Published: Oct 18, 2017, 4:24 pm IST Updated: Oct 18, 2017, 4:25 pm IST Experts say RIL& Wholesale conical twin screw barrel 039;s telecom arm will turn profitable in December quarter; Jio now has a loss of Rs 271 crore.Reliance Industries or RIL chairman Mukesh Ambani at an AGM in Mumbai. “The consistent rally […]

13 crore (Rs 5.46 a barrel in the fourth quarter of 2015-16.Company will invest Rs 4,290 crore in current fiscal as against a capex of Rs 4,336 crore in the previous year.”The profits dipped despite clocking highest ever gas production of 2. But for the royalty payment, OIL net profit should have been Rs 751.25 […]

The DGMO read out the total list of recoveries made from the slain terrorists — four AK 47 rifles, four Under Barrel Grenade Launchers, 39 Under Barrel Grenade Launcher grenades, five hand grenades, two radio sets, two GPS sets, two map sheets, two matrix sheets, one mobile phone and a large number of food and […]

“Although we believe there is no interest due, but as a goodwill gesture oil companies have agreed to pay the interest rate,” a Finance Ministry official said. We are still awaiting that to happen,” the official said. Iran sold oil to refiners like Essar Oil and Mangalore Refinery and Petrochemicals Ltd (MRPL) in US dollar […]