Economic TimesShares of upstream oil cos hit 52-week highs; OMCs dropEconomic TimesBrent crude futures, the international benchmark for oil prices, rose to around USD 58 a barrel, the highest level in more than one year. The uptick follows Opec and some of …

Wall Street JournalIndia Approves $3 Billion Stake Purchase in Russian Oil FieldsWall Street JournalNEW DELHI—India's federal cabinet on Wednesday approved two deals worth about $3 billion that will allow a consortium of Indian state-run oil companies …

Brexit's impact on oil prices taken adversely by the markets: MK Surana, HPCLEconomic TimesThere has been a softening in oil prices post Brexit, says MK Surana , CMD, HPCL. In an interview to ET Now , Surana says that the impact on oil prices because o …

Oil firms to buy more ethanol from dry state of BiharBusiness StandardBihar, which in early April banned sale of liquor in the state, had asked the Oil Ministry to explore if Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum C …

Government exempts ONGC, Oil India from fuel subsidy payment in Q3 over slump in oil pricesEconomic TimesNEW DELHI: Government has exempted state-owned ONGC and Oil India from payment of fuel subsidy in the third quarter ended December 31, as slump in oil …

Scotsman£12m fund to retrain oil and gas staff facing job lossesScotsmanWorkers who face losing their jobs in the oil and gas sector will be helped to move into other employment in the energy industry and manufacturing, through a new £12 million fund annou …

Growth worries spur closer oil and equities relationshipFinancial TimesEquities and oil experienced a pretty awful January. Notable price declines have occurred in the context of wild volatility, including intraday swings. And the correlation between the t …

Stable crude oil price, too, to benefit India IncEconomic TimesHPCL, BPCL & IOC Deregulation in the oil marketing industry and falling crude prices are two huge positives for the oil marketing companies. However, the current stock prices and valuations …

Press and JournalAberdeen furniture factory forced to switch to three day week after oil downturnPress and JournalOne of the north-east's leading social enterprises has been forced to switch to a three-day week because of the downturn in the oil and ga …

Daily News & AnalysisIndia gets oil deals as Russia opens doorsEconomic TimesOn Thursday, Rosneft, the world's largest publicly-traded oil company, formalised sale of 10% stake in its 100% subsidiary Vankorneft to ONGC Videsh (OVL) for $1.3 billion. Th …