Oil
- 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…
- 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…
- World
OPEC+ boosts oil output by slower pace than previous months
Vienna: The OPEC oil cartel and its allies decided on Wednesday to boost production in September at a much slower pace than in previous months at a time of high oil prices…
- Middle East
Afghanistan-Iran ink deal to import 350,000 tonnes of oil
Tehran: A delegation of the Taliban-led Afghan government, currently on a visit to Tehran, has signed a deal with Iran to import 350,000 tonnes of oil, according to media reports. The delegation included…
- India
India denies reports of Russia seeking payments for oil in Dirhams
New Delhi [India]: India has denied media reports that Russia is seeking payments in United Arab Emirates Dirhams for oil exports to some Indian refiners. Sources told ANI that there is no…
