Tag: Oil

India has been under pressure from the US-led West to cut its energy buys from Russia. It has stepped up its purchases, instead, to take advantage of the heavy discounts offered by Moscow.

New Delhi: India and Kazakhstan on Wednesday discussed expanding cooperation in hydrocarbons and nuclear energy sectors, as well as expanding the International North-South Transport Corridor by linking it to the Kazakhstan-Turkmenistan-Iran rail link, an official statement said here on Wednesday. These and other issues figured at the two-day meeting of the Inter-Governmental Commission (IGC) with […]

New Delhi: Paintings capturing the best of flora and fauna of a village life in Odisha are part of an exhibition that aims to promote talented but unsung artists from the state. Titled “Hues Of Neelanchal”, the show which began today at Lalit Kala Akademi here, displays works of nine contemporary as well as folk […]

New Delhi: Petrol price declined by 6 paise across the four metropolitan cities in the country on Sunday, data from the Indian Oil Corp’s website showed. In Delhi, petrol was sold for Rs 69.93 per litre, down from Rs 69.99 a litre on Saturday. In Kolkata, Mumbai and Chennai, petrol was sold for Rs 72.19, […]

New Delhi: As gold prices have been soaring for some time now, experts feel the yellow metal will stay higher in comparison to the oil prices for a prolonged period. A recent report by natural resources investing company — Goehring & Rozencwajg — said that as central banks seem interested to continue their buying spree […]

New Delhi: In the biggest reform in the fuel retailing sector in almost two decades, the government on Wednesday relaxed norms for setting up petrol pumps, allowing non-oil companies to venture into the business – a move that could help private and foreign firms to enter the world’s fastest-growing market. At present, to obtain a […]

New Delhi: In one of the last reforms in the oil and gas sector, the government is set to free up pricing of all domestically produced gas that would help scale up local production from fields of ONGC, OIL, Reliance and Vedanta and help create a uniform gas where the fuel is freely tradable on […]

Guwahati: Experts from the US and Canada joined hands with Singapore-based M/s Alert to douse up oil well fire in Assam’s Tinsukia district as the flames continued to erupt on the sixth day on Sunday, officials said. Union Petroleum and Natural Gas Minister Dharmendra Pradhan, accompanied by Assam Chief Minister Sarbananda Sonowal and other senior […]