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  US fines oil giant for doing business with Iran, Sudan

  World | May 08, 2015 8:46 IST

  Washington: The US Justice Department imposed a fine exceeding $232 million on a subsidiary of oilfield services firm Schlumberger for facilitating illegal trade with Iran and Sudan and trying to disguise the transactions.Schlumberger Oilfield Holdings

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  Earthquakes linked to oil and gas exploration: Report

  India | April 25, 2015 16:04 IST

  New Delhi:  A strong earthquake shook the Himalayan nation Nepal today with more than 100 people dead and many other reportedly missing.Meanwhile, a report released by the United States Geological Survey on Thursday has revealed

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  Govt exempts ONGC, OIL from LPG subsidy payments

  April 21, 2015 14:49 IST

  New Delhi: In a big boost to domestic oil and gas exploration, the government has decided to exempt state-owned ONGC and Oil India from paying for LPG subsidies in current fiscal, Oil Secretary Saurabh Chandra

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  Enough cereals, but need to import oil, pulses: Centre tells SC

  India | March 22, 2015 14:41 IST

  New Delhi: The Centre has told the Supreme Court that though the country has become self sufficient in production of cereals, it is dependent on imports to bridge the gap between domestic production and demand

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  IOC, ONGC, OIL among 5 companies named by US administration for Iran ties

  March 08, 2015 18:39 IST

  New Delhi: State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.The US government accountability

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  Cate Blanchett trusts Emu oil for skin

  Lifestyle | January 13, 2015 18:17 IST

  Los Angeles: Actress Cate Blanchett, 45, says she swears by the power of Emu oil for keeping her skin in check."I tend to use really basic creams, and I like to put an oil on,

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  Oil prices likely to fall further: IEA

  November 16, 2014 10:46 IST

  Paris: The International Energy Agency (IEA) is maintaining its forecast of a weak increase in global oil demand this year, pointing out that the demand might increase slightly in 2015.In its monthly report released Friday,

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  With Islamic State on the rampage in Iraq, India seeks to hike oil imports from Saudi Arabia

  World | October 29, 2014 14:53 IST

  Riyadh:  With oil imports from Iraq  on the verge of tapering off because of the emergence of Islamic State, India's Petroleum and Natural Gas Minister Dharmendra Pradhan has held talks with Saudi Arabia's oil minister

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  Industrial oils recover on renewed demand

  May 09, 2014 17:50 IST

  Mumbai: Prices of castorseeds bold and castor oil commercial recovered smartly at the Vashi oils and oilseeds wholesale market here today on renewed demand from shippers and soap manufacturers.While, linseed oil declined due to lack

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  Edibleoils declines on lower demand

  April 26, 2014 19:54 IST

  Mumbai: Groundnut oil prices fell further at the Vashi oils and oilseeds wholesale market here today on sustained stockists selling in the midst of subdued retail demand as well as adequate supply positions.Refined palmolein also

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  Groundnut oil surge on heavy demand

  April 22, 2014 22:27 IST

  Mumbai: Groundnut oil prices surged at the Vashi oils and oilseeds wholesale market here today on heavy demand from stockist and retailers on the back of poor arrivals from producing belts.Refined palmolein recovered modestly on

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  Groundnut oil regains on renewed demand

  March 08, 2014 16:16 IST

  Mumbai: Groundnut oil prices regained at the Vashi oils and oilseeds wholesale market here today on renewed demand from stockists and retailers.Refined palmolein edged-up further due to sustained buying support from retailers coupled with higher

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  ONGC, Oil India to buy IOC stake at Rs 220 per share

  March 06, 2014 16:14 IST

  New Delhi: State-owned ONGC and Oil India Ltd (OIL) are likely to buy a 10 per cent stake in Indian Oil Corp (IOC) from the government at Rs 220 per share, aggregating about Rs 5,300

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  Know how Telangana Bill bifurcates coal, oil, gas, power assets of Andhra Pradesh

  India | February 20, 2014 17:42 IST

  New Delhi: The Telangana Bill, which provides for bifurcation of Andhra Pradesh, specifically mentions how coal, oil, gas and power infrastructure and educational institutions would be divided and set up after creation of Telangana.Of the

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  National Green Tribunal raises flag on IOC, OIL, NHAI work in Assam

  India | February 04, 2014 19:05 IST

  New Delhi: National Green Tribunal today sought response from the Centre and Assam government on a petition alleging that work of some state-owned companies in and around Dehing-Patkai wildlife sanctuary in Tinsukia district of the

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  Oil falls below USD 102 on US shutdown notice

  October 01, 2013 18:30 IST

  Bangkok: The price of oil fell today after parts of the US government were ordered to shut down because of a budget impasse in Washington.Benchmark oil for November delivery dropped 35 cents to USD 101.99

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  Iran detains Indian ship carrying oil from Iraq

  World | August 15, 2013 20:03 IST

  New Delhi: Iranian Revolutionary Guard Corps have detained an Indian ship carrying oil from Iraq in the Persian Gulf, source said. The ship, MT Desh Shanti, was on its way to India from Iraq when

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  Oil tops $99 on Egypt protests, US supply forecast

  World | July 02, 2013 21:02 IST

  New York, Jul 2: The price of oil advanced past $99 a barrel for just the second time this year as traders anticipate a sharp drop in U.S. supplies and watch developments in Egypt.In Tuesday

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  Russia to supply oil to China for 25 years

  June 24, 2013 15:28 IST

  Beijing, June 24: Russia and China have signed a $270 billion deal, ensuring Russian oil supply to the easternneighbour former for 25 years.The deal was signed between Russian oil giant Rosneft and China National Petroleum

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  Try aroma massages this weekend (see pics)

  Lifestyle | May 22, 2015 11:24 IST

  Aromatherapy is a form of alternative medicine that uses volatile plant materials, known as essential oils, and other aromatic compounds for the purpose of altering a person's mind, mood, cognitive function or health.It is the