Crude
Oil companies not to cut prices despite 18-month low global rates
Petrol prices should have been cut by Rs 2.20-2.30 a litre as global rates have fallen to 18- month low but oil companies will not reduce prices as they watch the volatile rupee that is making impor
US soon to grant more waivers to Iran sanctions
The United States will ‘very soon’ announce a new list of countries that will receive waivers to financial sanctions on oil trade with Iran, a US official said on Thursday.
The latest round of US san
ONGC wants Centre to offset additional cess on crude
PSU oil major Oil and Natural Gas Corp (ONGC) on Thursday said it has appealed the government to offset the additional cess on crude.
"Our appeal is to at least offset the additional cess burden, wh
Petrol price to be cut if global crude prices slip further: Minister
Petroleum Minister S. Jaipal Reddy said on Tuesday that if global crude oil prices continue to slip further, petrol price would be lowered.
"If the prices globally come down sharply and in a stable w
Iran crude output surges 100,000bpd
Teheran: Iran's daily oil output rose by around 100,000 barrels with the opening on Tuesday of the second phase of Darkhovin field in the southeast of the country, the oil ministry's news agency repor
