Oil
- 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…
- 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…
- 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…
- Middle East
Ready for all options to protect Lebanon’s oil, gas: Hezbollah
Beirut: Hezbollah leader Sayyed Hassan Nasrallah has warned Israel against making any miscalculations toward Lebanon, stressing that the Lebanese party will spare no efforts to protect Lebanon’s oil and gas. “We are…
- World
Indian Oil Company to expand operations in Sri Lanka
Colombo: The Indian Oil Corporation (IOC) will expand its operations in Sri Lanka by opening 50 fuelling stations, A top official of the LIOC said on Monday, amidst the worst economic as well…