New York TimesLouisiana Squeezed as Oil Prices DropNew York Timesexplained Jimmy Lafont, whose towboat operation is one of the countless oil-field service companies spread across south Louisiana. “Cajuns normally have a habit of cutting the price quick lik …

Irish TimesEuro zone falls deeper into deflation on lower oil pricesIrish TimesThe collapse in oil prices has helped to push the euro zone deeper into deflation, strengthening the case for the European Central Bank's landmark decision to begin buying g …

India to commission 5-mt underground oil storages by OctoberEconomic TimesNEW DELHI: India has decided to commission over 5 million tonnes of underground crude oil storages by October to ensure uninterrupted oil supply to the nation for about two months in …

NewsweekHow Iran Is Coping With Sagging Oil PricesNewsweekMatthew M. Reed considers how the collapse in the oil price is affecting Iran—and its defense of its nuclear program. What impact has the fall in global oil prices had on Iran? The oil price collaps …

Oil firms will decide on price revision: Petroleum Minister Dharmendra PradhanEconomic TimesThe crude oil that is being processed currently in refineries is one that was bought about 6-8 weeks back when rates were higher than present prices. By the time it …

NDTVOil firms face Rs 10000 crore inventory loss, depreciating rupeeEconomic TimesWhile the slump in international crude oil prices had resulted in successive cuts in petrol and diesel prices, for oil companies they had meant inventory losses as they would …