Oil
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Oil giant Saudi Aramco sees 2019 profits drop 20% to 88.2 Billion Dollars
Business | March 15, 2020 18:36 ISTOil giant Saudi Aramco said Sunday its profits dropped 20% in 2019 to $88.2 billion, a sharp decline coming as the kingdom stands ready to flood an already-weakened global energy market amid the new coronavirus pandemic.
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AGR case: Govt detaches GAIL, OIL, other PSUs from telecom firms
Business | March 04, 2020 18:28 ISTThe government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday.
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Global oil prices set to be relatively low in 2020: IATA
Business | December 11, 2019 18:42 ISTOil prices are set to stay relatively low during 2020 as the supply from the non-OPEC countries will remain plentiful and global demand weak, global airlines body IATA said on Wednesday.
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Saudi oil giant Aramco announces world's largest IPO
World | December 06, 2019 9:34 ISTSaudi Arabia has pursued a commitment from wealthy Saudi citizens and regional allies to purchase shares as a gesture of solidarity and goodwill as opposed to an investment decision. Meanwhile, the kingdom's banks were directed to double the leverage limit for loans to investors looking to buy Aramco's shares. Compared to an average leverage-ratio limit for loans of 1 to 1, banks were allowed to lend to retail customers for this purpose at a 2-to-1 ratio.
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Saudi Arabia says Iran missiles, drones attacked oil sites
World | September 18, 2019 22:45 ISTSaudi Arabia alleged Wednesday an attack by drones and cruise missiles on the heart of the kingdom’s oil industry was “unquestionably sponsored by Iran,” naming but not directly accusing Tehran of launching the assault. Iran denies being involved in the attack claimed by Yemeni rebels, and has threatened the U.S. that it will retaliate “immediately” if Tehran is targeted in response.
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Emerging economies like India vulnerable to oil price moves: Report
Business | September 17, 2019 15:42 ISTGiven weak consumer demand, higher oil prices can result in stagflation in an emerging economy like India, which imports more than 70 per cent of its oil needs, says a report.
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Saudi Aramco's largest oil facility attacked by drones; 10 things to know
World | September 14, 2019 18:12 ISTWorld's largest oil exporter, Aramco, had it largest oil field, Buqyaq and the Khurais, attacked by drones on Saturday. This oil field is also the world's largest oil field.
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Satellite surveillance of trains to stop oil, coal theft
India | August 29, 2019 12:10 ISTReal-time monitoring of the movement of the goods trains has started in the control office application system through ISRO's satellite. GPS systems in more than 700 trains have been installed for this. Goods trains, especially those which transport coal and oil (diesel and petrol), are major source of earnings for Indian Railways. However, complaints of theft of oil and coal are often received, which involves the running staff, railway security forces (RPF), and local employee mafia of railway stations.
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Govt increases oil, gas bidding round to three times a year
Business | August 18, 2019 12:25 ISTThe government has increased the expression of interest (EoI) submission cycle for oil and gas acreage to three times a year from two times earlier, the Directorate General of Hydrocarbons (DGH) said
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Oil shippers boost security after mysterious attacks in Gulf
World | June 20, 2019 16:54 ISTA series of attacks on oil tankers near the Persian Gulf has ratcheted up tensions between the U.S. and Iran -- and raised fears over the safety of one of Asia’s most vital energy trade routes, where about a fifth of the world’s oil passes through its narrowest at the Strait of Hormuz.
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India inks pact with Iran to pay crude bill in rupee
Business | December 06, 2018 19:04 ISTSources said Indian refiners will make rupee payments in a UCO Bank account of the National Iranian Oil Co (NIOC).
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Watch: Oil from Iran is illegally smuggled into Pakistan
News | October 16, 2018 23:30 ISTWatch: Oil from Iran is illegally smuggled into Pakistan
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Sentiment hurting prices, enough oil available in other parts of the world, says Govt as Iran sanctions loom
Business | October 16, 2018 16:35 ISTLast week, Pradhan said two state-owned oil refiners have booked import of 1.25 million tonne (MT) of crude oil from Iran in November.
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India expecting US to get in touch with it over sanctions on Iran
India | July 04, 2018 21:58 ISTIndia may likely to fall back on the rupee-rial arrangement for importing oil from Iran in case the US forces it to cut procurement of petroleum products from that country, the sources said.
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Iran issues oil warning as UAE says production can rise
World | July 03, 2018 19:54 ISTSaudi Arabia has acknowledged the call took place, but mentioned no production targets. The kingdom currently produces some 10 million barrels of crude daily. Its record is 10.72 million barrels a day.
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ONGC acquires 10 pc stake in UAE's oil offshore concession
Business | February 10, 2018 23:38 ISTPrime Minister Narendra Modi, Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan and Deputy Supreme Commander of the UAE Armed Forces witnessed the signing of the historic agreement.
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Tips to get shiny and healthy nails
Lifestyle | August 16, 2017 10:27 ISTPractice good nail hygiene. Keep fingernails dry and clean. Avoid using chemicals on your nails.
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Fashion Tips: Guide to using essential oils
Lifestyle | July 03, 2017 18:58 ISTEssential oils guide, which can not only resolve all your beauty related problems but can uplift your mood too.
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How mustard oil can be a way to better heart health?
Lifestyle | June 07, 2017 12:59 ISTReplacing mustard oil with olive oil? Think again!
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Higher GST rate likely on oil, chicken; TV, ACs could get cheaper
October 20, 2016 16:54 ISTThe upcoming GST regime may see a higher levy on goods and commodities related to the common man likely to result in expanded assessments on kitchen staples, for example, eatable oils, flavors and chicken. According
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