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 …

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 …

Financial TimesOil prices hold at 4-year highFinancial TimesOil prices were marginally higher on Tuesday, after Brent crude touched a four-year high on Monday, following the decision of producers not to increase production. Asia-Pacific equities were mixed …