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Result(s) found: 37
Crude prices: Brace up for impending storm
December 2017
India has benefitted immensely from lower crude oil prices, which fell over 50 per cent in 2014 and 2015, till recently. It helped the government in handling of inflation and fiscal and current account deficits.
Supply glut woes jump; oil markets slump| Angel Commodities Broking
June 2017
According to Prathamesh Mallya, Chief Analyst-Non-Agri Commodities & Currencies, Angel Commodities Broking, “Oil market bears came out in the open with NYMEX Crude oil prices slumping to $42.75/bbl, the lowest since September’16 hit by a double whammy of recovery in OPEC output in May’17 coupled with rising US production.
India receives 1st parcel of Iranian oil for strategic storage
November 2016
India has imported the first parcel of Iranian oil to partly fill the underground strategic oil storage it has built at Mangalore.
OVL seeks oil in lieu of $537 mn due from Venezuela
October 2016
ONGC Videsh Ltd, the overseas arm of ONGC, is seeking $537 million worth of crude oil in lieu of cash due for its share of sales from a Venezuelan oilfield.
Iraq overtakes Saudi Arabia as India´s top oil seller
September 2016
Iraq has overtaken Saudi Arabia to become India´s top crude oil supplier while Iran has grabbed the fourth biggest exporter slot post lifting of sanctions.
Domestic crude, natural gas production down in May
August 2016
Domestic crude oil and natural gas production fell 3.34 per cent and 6.88 per cent respectively in May 2016, according to data released by the Ministry of Petroleum and Natural Gas.
Russia´s giant Vankor oilfield reaches peak production level
August 2016
Russia´s giant Vankor oilfield, where Indian state oil firms are acquiring a significant stake, has reached peak production level, but technology to increase oil recovery will optimise the output and delay its decline, the head of ONGC´s overseas arm said.
India seeks to pay $6.5 bn to Iran for oil imports
June 2016
India has approached Turkeys Halkbank to facilitate the payment of $6.5 billion (about Rs.43,400 crore) it owed to Iran for the crude oil imported when western sanctions were in place on Tehran.
RIL looking at long-term oil supplies from Iran
May 2016
Reliance Industries Ltd. (RIL) said it is looking to buy more crude oil from Iran as the company seeks to rebuild ties to benefit from shorter shipping distances.
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