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  OPEC should go for 'responsible pricing': Dharmendra Pradhan

  Business | October 08, 2017 21:22 IST

  India today pressed oil cartel OPEC to adopt "responsible pricing" for oil and consider the world's third-biggest oil consumer as its preferred sales destination

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  PM Modi's oil diplomacy: India's move to import crude from US significant, may ignite price war

  Business | October 03, 2017 17:00 IST

  The arrival of the first shipment of crude oil from US signals India's shift from dependence on supplying nations like Iraq and Saudi Arabia.

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  Petroleum products top list as India’s exports grow for 12th consecutive month in August

  Business | October 03, 2017 16:17 IST

  India's imports also increased by 21.02 per cent to $35.46 billion from $29.30 billion in August last year.

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  India receives first-ever shipment of US crude oil at Odisha's Paradip Port

  Business | October 02, 2017 16:44 IST

  India on monday received its first ever shipment of US crude oil with state-owned Indian Oil Corp (IOC) importing a 1.6 million barrels parcel at Paradip in Odisha

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  3-year-high petrol and diesel prices may come down in October

  September 19, 2017 17:18 IST

  The opposition parties have blamed that the high tax burden on these fuels and asked the government to take immediate steps to bring down the rising petrol and diesel prices to give relief to the consumers.

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  Petrol prices up Rs 7 after dynamic pricing: What explains this massive increase in just over two months?

  September 18, 2017 12:33 IST

  There has been a sharp increase in petrol prices in Delhi in two months since the government introduced dynamic pricing on June 16

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  Crude oil opens new vistas in India-US relationship

  August 17, 2017 13:28 IST

  With the first shipment of American crude oil set to reach the country by September end, India joins Asian countries like S Korea, Japan and China to buy American crude after production cuts by OPEC

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  Iran says 'not obliged to give Farzad-B gas field deal to India'

  World | July 31, 2017 7:00 IST

  Iran also highlighted India’s threat to import less crude oil from it, with its Parliament Energy Commission chief saying that Iran could find other customers for its oil

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  Amid global price slump, India saw 50 per cent drop in crude oil import bill in 2015-16

  April 21, 2016 14:56 IST

  Global slump in oil prices has resulted in India’s crude oil import bill dipping to almost half to $64 billion in 2015-16 fiscal.

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  First time in 15 years, Saudi Arabia seeks Rs 66k crore in foreign loan: report

  World | April 20, 2016 17:50 IST

  Faced with an unprecedented economic crunch over its dipping oil revenues, Saudi Arabia has reached an agreement with foreign banks for a $10 billion (Rs 66,200 crore) loan to bridge the gap in its state finances, a media report citing people privy t

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  Crude oil tumbles below $30 for first time in 12 years

  January 13, 2016 9:49 IST

  New York: US crude prices fell below $30 a barrel for the first time in 12 years on Tuesday as OPEC member Nigeria called for an emergency meeting to address collapsing prices. New York's benchmark West

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  Half your fuel bill is in taxes but governments still ravenous

  January 11, 2016 7:33 IST

  Despite the crash in the global prices of crude oil, the consumers are being denied a decent and deserving cut in their transport fuel bills with the government and oil retailers preferring to pocket the

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  Crude prices drop amid ample supplies

  World | December 09, 2015 7:49 IST

  New York: Oil prices fell on Tuesday as market expected that global supplies will continue to exceed demand.The Organisation of the Petroleum Exporting Countries (OPEC) last Friday decided to keep crude production pumping at the

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  Indian crude oil basket now dips below USD 43 per barrel

  August 25, 2015 11:04 IST

  New Delhi: As global crude oil prices plumetted to fresh six-year lows, the Indian basket also fell to $42.97 per barrel from $45.21 on the trading day before, as per official data released on Tuesday.The

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  Iran asks India to clear $6.5 billion oil dues within 2 months

  World | August 20, 2015 17:43 IST

  New Delhi:  Iran has asked India to pay within two months $6.5 billion in past oil dues, partly in rupees and rest in dollars or euros, a top official said."The payment will be in at

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  Oil at sub-$49 brings fuel price cuts

  August 17, 2015 15:56 IST

  New Delhi: After having dropped below the psychological $50-a-barrel-mark earlier in the week, the Indian basket of crude oils closed below $49 on its last trading on the eve of Independence Day.State-run Indian Oil Corp

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  Equity markets slip on Greece crisis, China stocks crash

  July 11, 2015 16:33 IST

  Mumbai: Indian equities slipped on the Greek crisis and fears of a Chinese market meltdown during the weekly trade ended July 10, as investor were reluctant to chase higher prices in a time of uncertainty.However,

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  Crude oil prices shoot up after Saudi airstrikes in Yemen

  March 26, 2015 13:57 IST

  New Delhi: Crude oil price shot up today by nearly 6 per cent after Saudi Arabia and its Gulf Arab allies began airstrikes against Houthi rebel in Yemen.Brent crude oil futures rose to USD 59.71

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  Leaking oil from ONGC well damages rabi crop over 100 acres

  India | February 22, 2015 22:40 IST

  Machilipatnam: Gas and crude oil from an ONGC well leaked causing panic among farmers at Chinnapandraka village in Kruttivennu mandal of Krishna district today evening and damaging crop in more than hundred acres.  Machilipatnam Revenue

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  West Virginia train derailment sends oil tanker into river

  World | February 17, 2015 6:46 IST

  Mount Carbon, West Virginia: A train carrying more than 100 tankers of crude oil derailed in southern West Virginia on Monday, sending at least one into the Kanawha River, igniting at least 14 tankers and