Oil
- 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…
- 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…
