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 …

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 …

Business StandardCrude oil cheaper than drinking waterBusiness StandardLate Murli Deora, petroleum minister in the United Progressive Alliance government, used to say kerosene oil was sold to the public at a price lower than packaged drinking water. Those …

Financial TimesBig five US investment banks hurt by China and oilFinancial TimesNervous investors sat on their hands as the persistently weak oil price combined with mounting fears over China, he said. Jitters had continued into the new year, Mr Hawken add …

Motley FoolOil Stocks: 2015 Was the Year That Risk Became a RealityMotley FoolFor example, Whiting Petroleum would go on to highlight that one of the factors that could impact the price of oil and gas was "the actions of the Organization of Petroleum …

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 …

CITY A.M.Premier Oil expects massive fall in development spending and takes $300m ...CITY A.M.Thanks to the low oil price Premier has delayed 2015 discretionary drilling expenditure. The company plans to drill eight wells this year. Total revenues for 2014 …

U-T San DiegoAsian shares meander after Wall St swings, oil prices dropU-T San DiegoTOKYO (AP) — Asian shares meandered Wednesday following a volatile session on Wall Street as investors remained edgy over the slump in oil and metal prices. KEEPING SCORE: …