New Delhi, April 28
Crude oil futures declined by Rs 30 to Rs 3,581 per barrel today in line with a weak trend in Asian trade.On the Multi Commodity Exchange, crude oil for delivery in May shed Rs 30 or 0.83 pe...
London, April 27
Brent crude prices steadied above $65 a barrel on Monday, supported by signs that US shale output may have started to decline and concerns that fighting in Yemen could disrupt West Asian supplies.
Ahmedabad, April 24
Eyes commercial production from KG Basin
New Delhi, April 22
Crude oil futures fell Rs 50 to Rs 3,543 per barrel today as speculators indulged in trimming positions amid a weak trend in Asian markets.Trading sentiment turned weak at the futures trade...
NEW DELHI, April 21
India will soon auction 69 marginal oil and gas fields owned by state explorers Oil and Natural Gas Corp and Oil India Ltd, the Oil Secretary said on Tuesday."Marginal field policy will hav...
Launceston (Australia), April 20
Nothing shows the changing nature of the global liquefied natural gas (LNG) market than the creation of super-sized producers and buyers.
The $70 billion merger of Royal Dutch Shell and B...
Dubai, Apr 14
The current low prices of crude oil and natural gas are unlikely to have a widespread impact on the credit quality of global project finance debt over the next year to 18 months, a report has said...
Hyderabad, April 8
Oil marketing companies are likely to get a five year license in Andhra Pradesh to produce and procure ethanol to blend it with fuel.
Responding to requests made by the OMCs, State Chief...
New Delhi, April 29
The Cabinet Committee on Economic Affairs on Wednesday approved a policy on testing requirements for discoveries made under the New Exploration and Licensing Policy. The policy is aimed...
Singapore, Apr 28
Oil fell more than 1 per cent on Tuesday ahead of weekly US crude inventory data that is expected to hit another high and as Saudi Arabia pledged to supply more oil to China if needed. U...
London, April 27
World shares hit a new high on Monday, led by China, though the global rally faded in Europe as investors looked ahead to central bank meetings in the United States and worried over Greece.
New Delhi, Apr 22
The government has confirmed the appointment of Dinesh K Sarraf as the chairman and managing director of India’s biggest oil and gas producer, ONGC.
Sarraf, 57, was selected to head Oil a...
Singapore, April 22
Oil prices fell in Asia today after a Saudi-led coalition declared an end to four weeks of air strikes in Yemen and ahead of a key US supply report.US benchmark West Texas Intermediate fell...
New Delhi, April 21
The domestic production of crude oil increased marginally but natural gas continued to fall in March on a year-on-year basis.
Crude oil production increased 1.7 per cent to 3.226 million...
New Delhi, April 16
The Minister of State (Independent Charge) Petroleum and Natural Gas Dharmendra Pradhan urged ONGC officers to think differently to arrest the decline in production.
“The traditional way...
New Delhi, April 13
Indian companies are expected to invest a further $6 billion in Mozambique’s oil and gas exploration sector, the Minister of State (Independent Charge) for Petroleum and Natural Gas, Dharmendra Pr...
New Delhi, Apr 8
State-owned Oil and Natural Gas Corporation (ONGC) has reversed a seven-year decline in its crude oil production, showing a marginal increase in output in 2014-15, a top official said.