Oil
- Andhra Pradesh
7 die of asphyxiation while cleaning oil tank in AP factory, FIR registered
Kakinada: Seven workers of an edible oil packaging factory in a village in Kakinada district were asphyxiated on Thursday when they got into an oil tank to clean it, police and district…
- India
UAE minister says governments should frame pro-growth, pro-climate policies
Bengaluru: The UAE, India’s fourth largest supplier of crude oil, on Tuesday made a pitch for policies that hold back emissions but not progress as it saw hydrocarbons continuing to play a…
- World
Global oil inventories expected to grow, prices to drop in next 2 yrs: EIA
Houston: Global oil inventories will increase over the next two years with more global oil production than consumption, the US Energy Information Administration (EIA) has forecast. Partly as the result, crude oil…
- Pakistan
Taliban signs 1st agreement with Chinese firm to drill for oil
Kabul: The Taliban-led government in Afghanistan is to sign a contract with a Chinese firm to drill for oil in the war-torn country’s north. It would be first major energy extraction agreement…
- India
Bangladesh PM hopes to import oil from India by 2023 via proposed pipeline
Dhaka: Bangladesh Prime Minister Sheikh Hasina expressed hope to import oil from India by 2023 through a proposed pipeline project. She made the remarks on Sunday during a meeting with Speaker of…
- Middle East
Saudi Aramco announces largest investment in South Korea, worth $7 billion
Riyadh: The Kingdom of Saudi Arabia’s Aramco, the world’s largest oil company on Thursday announced its largest ever investment in South Korea for a project to develop a world-class integrated petrochemical steam…
- Middle East
Yemeni Houthis send ‘warning’ to foreign oil tanker
Sanaa: Yemen’s Houthi group has said that they have warned a foreign oil tanker not to load crude oil in a government-controlled port in the Yemeni southeastern province of Shabwa. “We have…
- Pakistan
Pakistan’s oil sector warns of looming petrol, diesel crisis
Islamabad: The Oil Companies Advisory Council (OCAC) of Pakistan has said that the country is expected to face petrol and high-speed diesel shortage in the days ahead, calling for special measures to…
- Top Stories
Russia becomes India’s top oil supplier in October
New Delhi: Russia has become India’s top oil supplier in October, surpassing traditional sellers Saudi Arabia and Iraq, according to data from energy cargo tracker Vortexa. Russia, which made up for just…
- Middle East
Explosions rock government-controlled oil port in Yemen
Sanaa: Two explosions ripped through a key government-controlled oil port in Yemen’s southeastern province of Hadramout, a security official said. “Initial reports indicate that the Houthi militia launched the attack against Dhabah…
- 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…
