Oil
- Business
Oil stocks sharply higher after US action in Venezuela
New York: Shares of major US companies in the energy sector are sharply higher on Monday, January 5, after President Donald Trump announced plans to take control of Venezuela’s oil industry and…
- World
Trump’s plan to seize, revitalize Venezuela’s oil industry faces major hurdles
Washington: President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalize it after capturing President Nicolas Maduro in a raid isn’t likely to have a…
- World
Trump’s plan to seize, revitalise Venezuela’s oil industry faces major hurdles
Washington: President Donald Trump’s plan to take control of Venezuela’s oil industry and ask American companies to revitalise it after capturing President Nicolas Maduro in a raid isn’t likely to have a…
- World
US control of Venezuelan oil may unlock $1 bn stuck dues for India
A US-led takeover or restructuring of Venezuela’s oil sector could deliver a direct benefit to India, potentially unlocking close to USD 1 billion in long-pending dues while accelerating the revival of crude…
- World
US sanctions 4 Venezuelan oil firms, adds 4 tankers in Maduro crackdown
Washington: The U.S. on Wednesday imposed sanctions on four firms operating in Venezuela’s oil sector and designated four additional oil tankers, which the U.S. accuses of being part of a shadow fleet…
- Andhra Pradesh
Andhra govt issues NOC to Vedanta Ltd to drill 20 onshore oil, gas wells
Amaravati: The Andhra Pradesh government has issued a conditional “No Objection Certificate” to Vedanta Limited (Cairn Oil & Gas Division) for drilling 20 onshore wells in Krishna district. According to a recent…
- India
India’s exports rise 19.37 pc in Nov; trade gap shrinks to 5-month low
New Delhi: India’s exports rebounded by 19.37 per cent to USD 38.13 billion in November after contracting in October, driven by higher shipments of engineering and electronics goods that helped bring down…
- Business
Rupee falls 9 paise to settle at 89.45 against US dollar
Mumbai: The rupee dropped 9 paise to settle at 89.45 against the US dollar on Friday, tracking a strong greenback and a rise in international crude oil prices. According to forex traders,…
- India
Enough crude oil available globally, says Union Minister Puri
Hyderabad: Asserting that trade is not governed by any established set of rules, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said there is adequate crude oil supply…
- India
BPCL inks Rs 1 lakh cr MoU with OIL for Ramayapatnam refinery project
Hyderabad: Bharat Petroleum Corporation Limited (BPCL) on Tuesday signed three Memoranda of Understanding (MoUs) with Oil India Limited (OIL), Numaligarh Refinery Limited (NRL), and Fertilisers & Chemicals Travancore Limited (FACT). BPCL and…
- World
India to pay ‘massive tariffs’ if it continues to buy Russian oil: Trump
Washington: US President Donald Trump said that India is going to pay “massive tariffs” if it continues to buy oil from Russia, while reiterating that he got assurance from Prime Minister Narendra…
- World
‘India starting to diversify’: Trump’s trade advisor on Russian oil
New York: India’s purchase of Russian oil is not a “bedrock” of the Indian economy, and the country is starting to diversify its energy buys, US Trade Representative Jamieson Greer said, noting…
- India
GST cuts to spur growth, offset US tariffs; India to keep buying Russian oil
New Delhi: Finance Minister Nirmala Sitharaman said on Friday that the GST rate cut would spur growth in the economy which would offset the drag due to the adverse impact of the…
- India
India’s gains from Russian oil imports exaggerated
New Delhi: India’s gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research…
- India
US tariffs on Indian oil imports from Russia a ‘big blow’ to Moscow: Trump
Washington: President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a “big blow” to Moscow’s economy, which is not doing well, as he referred…
