The Organisation of Petroleum Exporting Countries , which agreed at its 151st extra ordinary meeting held…
The cabinet committee on economic affairs, chaired by the Prime Minister Manmohan Singh, on Tuesday accorded a fresh approval to…
The first in the series of moves to revive the economy has come through. On Friday, the government slashed domestic…
Oil companies have assured the petroleum ministry that key operations pertaining to refineries, petrol pumps and flow of oil and…
Chairman of the country?s biggest private-sector oil and gas company, Reliance Industries, Mukesh Ambani, said on Wednesday that the sharp…
The petroleum ministry on Wednesday said that it would soon approach the Cabinet for an ?appropriate? decision on fuel pricing…
Private fuel retailers, Reliance Industries and Essar Oil are beginning to reopen petrol stations that were shut over the past…
Petroleum minister Murli Deora said he would shortly submit a comprehensive plan before the Cabinet to deal with the impact…
The fall in global oil prices may bring the world?s second largest oil exporter Russia and oil cartel Opec together…
Russia On Tuesday ruled out the possibility of setting any pre-conditions for ONGC Videsh Limited. It says no conditions such…
In yet another relief to the cash-strapped airlines, state-owned oil marketing companies on Saturday lowered the prices of aviation turbine…
While it will take sometime for India to build a sound civil nuclear industry, the United States and France-both of…
Putting to rest the speculations on re-opening of its $2.6 billion deal to acquire Imperial Energy Plc, ONGC Videsh Limited…
Confusion reigned on Friday when international agency reports, quoting sources in Russia?s Federal Anti-monopoly Services said that the $2.6-billion acquisition…
After a long spell of over an year, the three state-owned oil companies?IOC, BPCL and HPCL?will again start making profits…
State-run gas utility GAIL India Ltd on Friday signed an agreement with country?s largest crude oil refiner Indian Oil Corp…
State-run power producer NTPC Ltd and gas firm-GAIL are not in favour of hiving off the LNG terminal, currently integrated…
In what came as a twin bonanza for the airline industry on Friday, the oil companies slashed jet fuel prices…
