The cabinet on Wednesday approved the demerger of the under-construction Nagarnar steel plant (NSP) from NMDC  and its disinvestment by selling the entire stake of the Centre to a strategic buyer...

The government has extended the deadline to bid for its entire 52.98 per cent stake in BPCL to November 16 and this virtually rules out the chances of the budgeted divestment target of being met this ...

The Centre is exploring the possibility of reducing crude oil cess by half to 10 per cent in an effort to encourage investment and production in the sector Senior oil ministry officials said they wer...

Crude oil imports declined in August, though at a slower pace, as soaring coronavirus cases continued to hit mobility and slowed economic recovery, government data showed on Monday. Crude oil imports...

The Supreme Court on Tuesday dismissed a PIL seeking a direction to the Centre to immediately withdraw the steep increase in the prices of petrol and diesel at a time when international crude prices w...

World oil demand will fall more steeply in 2020 than previously forecast because of the coronavirus and there are doubts about next year’s recovery, Opec forecast on Wednesday, potentially makin...

Royal Dutch Shell plans to slash the value of its oil and gas assets by up to $22 billion after the coronavirus crisis hit demand for fuel and weakened the outlook for energy prices, the Anglo-Dutch e...

A fall in oil demand during the lockdown has reduced the prices and the amount of import but has helped to reduce the import bill as well as the country’s current account deficit at a time the Modi ...

Diversified natural resources firm Vedanta on Saturday reported a consolidated net loss of Rs 12,521 crore during the fourth quarter of 2019-20 against a net profit of Rs 2,615 crore in the correspon...

The $5.7-billion transaction between Reliance Industries and Facebook has reignited optimism about the oil-to-telecom giant turning net debt free by March 2021.Analysts feel RIL is on course to realis...