Oil
- World
US forces steal 92 tankers of oil, wheat from Syria to Iraq
Damascus: The US forces smuggled 92 tankers and trucks of stolen Syrian oil and wheat from northeastern Syria to US bases in neighbouring Iraq, local state media reported. The oil tankers and…
- Middle East
Iran starts refining its oil in Venezuela: Minister
Tehran: Iranian Petroleum Minister Javad Owji has said that Iran has started refining its crude oil in Venezuela, state media affiliated to his Ministry reported. Iran had started processing nearly 100,000 barrels…
- India
India to produce 25 percent of its oil demand by 2030: Hardeep Puri
Jaipur: Indian petroleum industry is at the cusp of opportunity and will be able to produce 25 per cent of its crude oil demand by 2030, Union Petroleum and Urban Affairs Minister…
- World
Iraq’s forex reserves hit record high as oil prices soar
Baghdad: Iraq’s foreign exchange reserves have surpassed $87 billion, the highest level the central bank has seen since its establishment in 1947, local media reported. “The financial reserves (of foreign currency) in…
- India
Spike in oil price is breaking India’s back: Jaishankar
Washington: India, which has a USD 2,000 per capita economy, is concerned over the spike in the price of oil due to the Russia-Ukraine conflict and it is “breaking our back,” External…
- Middle East
Yemeni FM calls for faster salvage of derelict oil tanker
New York: On the sidelines of the ongoing UN General Assembly (UNGA) in New York, Yemen’s Foreign Minister Ahmed Awad Bin Mubarak called for accelerating the UN-coordinated plan to prevent a massive…
- Pakistan
Pakistan may import oil Russia on deferred payment
Islamabad: Pakistan can import oil from Russia on deferred payment as both countries are in talks to discuss the possibility, a senior government functionary revealed on Sunday after the recent meeting between…
- India
India’s trade worries grow as exports lose steam, imports surge
New Delhi: A marginal contraction in exports coupled with a continuing surge in the country’s import bill through the month of August has renewed concerns over India’s widening trade deficit and its…
- World
‘Determined’ to enforce price cap on Russian oil: US
Washington: The US has said it is “determined” to enforce a price cap on Russian oil announced by the G7 countries, terming it a powerful tool that will significantly reduce Moscow’s main source…
- Business
Union Labour Ministry extends public utility service status for three industries
New Delhi: Ministry of Labour and Employment has extended the public utility service status of three industries: industries engaged in the manufacture or production of mineral oil (crude oil), motor and aviation…
- Middle East
UN’s plan for derelict oil tanker off Yemen still needs $16mn
Sanna The UN is still working on raising funds to prevent a massive oil spill from the derelict Safer oil tanker in the Red Sea off Yemen, and the plan still needs…
- Business
Edible oil producers asked to declare net quantity in volume without temp
New Delhi: The Centre on Thursday advised the Edible Oil Manufacturers and importers to declare net quantity on edible oil in volume without temperature in addition to declaring the same in weight. The…
- Telangana
KTR demands Centre to lower fuel prices as global crude oil prices decline
Hyderabad: TRS working president, minister KTR lashed out at Prime Minister Narendra Modi and BJP led central government saying that though the prices of crude oil in the world market have fallen…
- Business
OPEC further lowers forecasts for global economy
Vienna: The Organisation of the Petroleum Exporting Countries (OPEC) has further revised down its forecasts for this year’s global economic growth and oil demand, following a previous downward revision in May. The…
- World
EU ban on Russian coal imports to take effect after transition ends
Brussels: European Union (EU) member states will not be allowed to import any more coal from Russia after the transitional period for the bloc’s embargo ends at midnight on Wednesday. The embargo…
