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Oil Prices
Business  /  Published 14.10.20

Export from crude caverns

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...
By Our Special Correspondent in New Delhi

Business  /  Published 30.09.20

BPCL: deadline for bid extended

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 ...
By Our Special Correspondent in New Delhi

Business  /  Published 29.09.20

Centre mulls oil cess cut

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...
By Our Special Correspondent in New Delhi

Business  /  Published 22.09.20

August crude oil imports fall

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...
By Reuters in New Delhi

India  /  Published 08.09.20

SC rejects petition against oil price hike

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...
By Our Legal Correspondent in New Delhi

Business  /  Published 12.08.20

Opec sees steep decline in demand, recovery uncertain

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...
By Reuters in London

Business  /  Published 01.07.20

Shell plans to slash value of oil, gas assets

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...
By Reuters in London

Business  /  Published 14.06.20

Current account deficit reaps benefit

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 ...
By R. Suryamurthy in New Delhi

Business  /  Published 06.06.20

Vedanta suffers loss

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...
By Our Special Correspondent in

Business  /  Published 22.04.20

Boost for RIL debt-free goal

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...
By Our Special Correspondent in Mumbai


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