Oil companies flag roadblocks in rationalising taxes on jet fuel  Business TodayOil marketing companies have cited issues like sales tax as a barrier to the Civil Aviation Ministry's plan to rationalise additional charges that airlines have to pa …

Tax dept, OMCs locked in dispute over excise duty, oil firms served notice  Business StandardThe indirect tax department and oil marketing companies are locked in a battle over levy of excise duty on ethanol-blended motor spirit (EBMS), with the …

Odisha: Brown sugar worth Rs 8L seized in Bhubaneswar; engineering student held  Odisha Sun TimesBhubaneswar: Excise officials today arrested an engineering student near Salia Sahi here after recovering 83 grams brown sugar from his possession. A …

The PunchFloating oil cargoes signpost dangerThe PunchFRESH news that cargoes of Nigerian crude oil are on the high seas, seeking buyers, is a prophecy foretold coming to pass. Oil, as a major revenue earner, many have long warned, has a dim future, given …

Telegraph.co.ukPetrochemicals to become dominant driver of oil demand growth — IEAFinancial TimesPetrochemicals are rapidly becoming the biggest driver of global oil consumption — ahead of trucks, aviation and shipping — accounting for more than a third of …

Economic TimesState elections prompt reduction in oil pricesEconomic TimesWith international crude prices expected to go up, resulting in increase in domestic fuel prices, the government felt the urgency to cut excise duty apart from asking oil marketing c …

ABS-CBN NewsAs world oil prices rise, next round of fuel tax hikes may be suspended: analystABS-CBN NewsA provision in the Tax Reform for Acceleration and Inclusion (TRAIN) law says that the next tranche of excise tax increases may be suspended if Dubai cr …

Moneycontrol.comRussian oil output hits post-Soviet high in SeptemberMoneycontrol.comRussian oil output reached 11.36 million barrels per day (bpd) in September, a post-Soviet high helped by higher production from Rosneft and foreign-led projects, Energy M …

New York TimesFish Oil Drug May Reduce Heart Attack and Stroke Risks for SomeNew York TimesCardiologists may one day have a new tool to help prevent heart attacks and strokes in some high-risk patients: a prescription drug that contains large doses of EPA, …

Economic TimesWhy India may have to blink on oil pricesEconomic TimesGlobal oil prices have been rising since early 2017, when the Organization of the Petroleum Exporting Countries together with other suppliers including Russia started withholding output t …