The NationMood sours among Saudi businessmen as oil slides | ReutersFirstpostConsultant Fawaz al-Alami wrote in the Al Watan newspaper that instead of issuing bonds to finance itself in an era of cheap oil, the government should save money by cutting subsi …

Oil Minister Dharmendra Pradhan to sign MoU for oil pipeline with NepalEconomic TimesIn 2006, a 41-km pipeline from Raxaul to Amlekhgunj in Nepal was proposed for transportation of the fuel. The pipeline was to be funded 50:50 by IOC and Nepal Oil Corp (NO …

Oil PSUs start process to procure biodieselEconomic TimesNEW DELHI: State-run fuel retailers have begun the process of their maiden purchase of biodiesel for blending it with diesel. Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petrol …

Times of IndiaIndia's crude oil output down marginally - The Times of IndiaTimes of IndiaNEW DELHI: India's crude oil production slipped marginally, less than 1 per cent, to 3.1 million tonnes in June as good showing by ONGC's offshore fields o …

NDTVShares of oil companies surge on drop in crude oil pricesEconomic TimesNEW DELHI: Shares of oil companies such as Essar Oil, Hindustan Petroleum Corporation (HPCL), Bharat Petroleum (BPCL) and Indian Oil (IOCL) rose up to 14 per cent in intra-day trade …

FirstpostOil retailers rise after US crude oil prices tumbleEconomic TimesShares of Oil retailers gained in intraday trade on Thursday after the US crude oil proces tumbled. Indian Oil Corp advanced 2.3 per cent 4.77 per cent in intraday trade. Hindustan P …

NDTVIOC to import Iraqi oil for India's maiden strategic reserveEconomic TimesIndia, which is 79 per cent dependent on imports to meet its crude oil needs, is building emergency stockpiles with millions of barrels of crude that mirror the reserves that …

Wall Street JournalGovernment exempts ONGC, Oil India Limited from LPG subsidy paymentsEconomic TimesUpstream oil and gas producers ONGC, OIL and GAIL had to borne a portion of subsidy on cooking fuels LPG and kerosene and diesel till October 2014. After d …

Wall Street Journaloil imports likely to rise on Iran nuclear dealEconomic TimesNEW DELHI: The landmark interim nuclear deal between Iran and permanent members of the UN Security Council apart from Germany and EU, which India described as a significant ste …

Irish TimesIndia's oil imports likely to rise on Iran nuclear dealEconomic TimesNEW DELHI: The landmark interim nuclear deal between Iran and permanent members of the UN Security Council apart from Germany and EU, which India described as a significant …