The Local.itRiviera beaches spared as Italy oil slick dissolvesThe Local.itThe oil slicks formed after an April 17th pipeline leak at an ageing refinery near Genoa which resulted in 680,000 litres of crude spilling into the Polcevera river, which flows int …

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 …

Daily News & AnalysisOil prices likely to remain low for 3-5 years: Mukesh AmbaniEconomic TimesAmbani, the richest Indian, said there have been spikes in oil prices in past. "But never has it (fallen) because there has been more supply than demand. It …

FirstpostMukesh Ambani, Sam Pitroda elected to NAE for engineering excellenceEconomic TimesNEW DELHI: Reliance Industries Chairman Mukesh Ambani and tech evangelist Sam Pitroda have been elected to the prestigious National Academy of Engineering (NAE), a n …

Why 75 per cent drop in global oil prices isn't reaching youEconomic TimesRecord production in the US, weakened demand from the Eurozone and emerging economies like China and Brazil, and Iran's entry into the international market have effectively s …

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 …

Higher margins may boost RIL, oil refiners' stocksEconomic TimesMUMBAI: Shares of export-oriented Reliance Industries (RIL) and oil marketing companies (OMCs) such as HPCL, BPCL, and IOC are expected to see a boost, with gross refining margins (GRM) li …