Sydney Morning Herald'Full-scale cash crisis' in oil sectorSydney Morning HeraldThe head of the world's largest provider of services to oilfields has warned of a "full-scale crisis" as the industry is lashed by an unprecedented slump …

BloombergIran Might Still Outwit the Saudis on OilBloombergWhen oil producers, led by Venezuela and Russia, began to talk about an output freeze back in February, Iran made it very clear that it wouldn't participate until it restored production to pre- …

Reliance buys Iranian oil after six-year hiatusEconomic TimesNEW DELHI: Reliance Industries has bought crude oil from Iran after a 6-year break and is looking to strike a long-term fixed quantity deal, post lifting of sanctions. RIL, which operates the wor …

The Indian ExpressOil slipThe Indian ExpressThe second was to switch the calculation of cess on oil production from a specific rate (fixed rupees per barrel produced) to ad valorem (percentage of value). This is what the companies had lobbied for and it wa …

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 …