By Ari Natter and Jennifer A. Dlouhy The Trump administration vowed to stem job losses and rescue the oil industry with stimulus funds and other
Tag: Oil
Oil price: Why is government not passing on benefit of reduced oil prices to consumers, Congress asks
NEW DELHI: The Congress on Tuesday asked the government why it was not reducing the prices of petrol and diesel in the country when crude
Govt extends oil block bid deadline to June 10
NEW DELHI: The government has extended the last date of bidding for the 11 oil and gas blocks on offer in the fifth exploration bid
India plans to fill strategic oil storage by the third week of May
NEW DELHI: India plans to completely fill its strategic petroleum reserve (SPR) by the third week of May by moving about 19 million barrels into
IOC gets 1st shipload of oil from UAE to fill strategic reserves
New Delhi: India is capitalizing on low global oil prices to fill its underground strategic oil reserves, with the first shipload of 1 million barrels
G20 ministers struggle to finalise oil output cuts despite US efforts
Top oil producers struggled to finalise production cuts during a virtual summit held by G20 energy ministers on Friday, despite US President Donald Trump’s mediation
L&T wins ‘large’ contract from Indian Oil for capacity expansion at Barauni Refinery
New Delhi: Engineering and construction giant Larsen & Toubro on Wednesday said it has won a ‘large’ contract from the Indian Oil Corporation for capacity
Vedanta cuts oil production at its Rajasthan block by a tenth
New Delhi: Vedanta has cut oil production at its prolific Rajasthan block by a tenth as refiners, faced with deep demand destruction due to nationwide
The World’s on the brink of running out of places to store oil
By Alex Longley The world will run out of places to store oil in as little as three months, according to an industry consultant. IHS
coronavirus impact: No need to panic, adequate LPG cylinders available: Indian Oil
KOLKATA: LPG Cylinder bookings in West Bengal shot up almost 50% after the 21-day lock down was announced on Tuesday. “On a normal day IndianOil