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Tag: Oil

Financial News

Oil ends up on provide problems, nixed U.S. stimulus talks a bearish indicator

October 7, 20203 min read Lois C. Ferrara

NEW YORK (Reuters) – Oil rates rose more than 2% on Tuesday, supported by expected source disruptions from a hurricane approaching the Gulf of Mexico

bearish, ends, indicator, nixed, Oil, problems, provide, stimulus, talks
Business News

Pradhan hints at new gas policy, says low oil prices no answer

May 8, 20204 min read Lois C. Ferrara

With current pricing formula making natural gas production economically unviable, Oil Minister Dharmendra Pradhan on Friday hinted at bringing in a new gas policy as

answer, gas, hints, Oil, policy, Pradhan, prices
Business News

West Bengal becomes fastest growing market for Dhara edible oil amid lockdown

May 7, 20203 min read Lois C. Ferrara

KOLKATA: West Bengal has emerged as the fastest growing market for Dhara as the leading edible oil brand was able to sustain supplies and thereby

Bengal, Dhara, Edible, fastest, Growing, lockdown, market, Oil, West
Business News

India stockpiles low-cost oil, fills 32 million tonnes of commercial storage

May 4, 20202 min read Lois C. Ferrara

NEW DELHI: Indian refiners have stored about 32 million tonnes of oil in tanks, pipelines and on ships, taking advantage of low oil prices to

commercial, fills, India, lowcost, million, Oil, stockpiles, storage, tonnes
Business News

Amid pandemic, oil woes, Saudi Arabia eyes further reforms

May 2, 20206 min read Lois C. Ferrara

WASHINGTON : A beleaguered Saudi Arabia is taking modest steps to improve its human rights record as it tries to navigate the coronavirus pandemic and

Arabia, eyes, Oil, pandemic, reforms, Saudi, woes
Business News

India’s crude oil import bill fell 9% to $102 billion in 2019-20

April 30, 20202 min read Lois C. Ferrara

NEW DELHI: India’s crude oil import bill fell 9% to $102 billion in 2019-20 though volume remained little changed as prices crashed towards the end

Bill, billion, Crude, fell, import, Indias, Oil
Business News

Govt simplifies oil, gas block processes; provides for self-certification, deemed approval

April 26, 20204 min read Lois C. Ferrara

New Delhi: In perhaps the most far-reaching easing of rules, the government has simplified procedures for oil and gas exploration and production by providing for

approval, block, deemed, gas, Govt, Oil, processes, selfcertification, simplifies
Business News

Price crash brings no relief: Oil cos keep fuel prices unchanged for 40 days

April 25, 20203 min read Lois C. Ferrara

NEW DELHI: This is one reform initiative of the government that has not yielded the desired results on ground. A collapse in global crude oil

brings, cos, crash, days, fuel, Oil, price, prices, relief, unchanged
Business News

ONGC asks govt to waive cess, royalty as plummeting oil prices not enough to cover operating cost

April 22, 20202 min read Lois C. Ferrara

State-owned ONGC has asked the government to waive payment of oil cess and royalty as plummeting international oil prices have meant that the rate it

asks, cess, cost, cover, Govt, Oil, ONGC, operating, plummeting, prices, royalty, waive
Business News

Edible oil industry wants import of refined palm oil to be restricted

April 22, 20202 min read Lois C. Ferrara

NEW DELHI: The government should not issue licenses for import of refined palm oil to companies to protect local refiners and oilseed growers, said edible

Edible, import, industry, Oil, palm, refined, restricted

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