Oil Prices Edge Up; Limited Gains SeenWall Street Journal0135 GMT [Dow Jones] Oil prices recover some losses but analysts say stronger expectation for a U.S. interest rate rise later this year is keeping traders in a cautious mode. On Friday, the U.S. non- …

Discoveries of new oil and gas reserves drop to 20-year lowFinancial TimesThe figures for declining discoveries are particularly striking because exploration activity in 2014 showed little impact from the sharp fall in oil prices in the second half of the …

Times of IndiaBudget 2015: Customs duty on crude oil may be re-introducedTimes of IndiaOptions before the Finance Ministry is either to remove the CST imposed on domestic crude, thus incentivising domestic explorers. Alternatively, taking benefit of the cu …