India to continue buying oil from Iran
India said on Tuesday it was continuing to buy oil from Iran, despite an intensifying US campaign to smother Teheran's vital oil exports until it gives up on its nuclear programme.
"We have accepted
Iran ramps up threat to US navy in Gulf
Iran on Wednesday reinforced its warning to America against keeping a US navy presence in the oil-rich Gulf, adding steel to a threat that Washington had dismissed as a sign of 'weakness' from Tehran.
Rs 11,196cr oil refinery to come up in Vizag
The Andhra Pradesh government and Hyderabad-based Amerind Petroleum Private Limited on Wednesday signed a memorandum of understanding to set up a petroleum refinery near Visakhapatnam with an estimate
Oil companies cheer petrol price hike on bourses
Oil companies surged by almost 3 per cent in early trade on the BSE after petrol prices were hiked by Rs 1.82 per litre from Friday.
The country's largest fuel retailer, Indian Oil Corporation, opene
India seeks more oil, gas from Nigeria
India has asked hydrocarbon-rich Nigeria to allocate more oil and gas to India and help it in its energy security efforts.
"India has expressed its interest to procure a portion of the additional req
Oil falls, gold hits record after U.S. downgrade
Gold surged to a record high on Monday and other commodities from oil to grains slid as investors cut riskier assets after the United States lost its top-notch AAA credit rating, creating renewed unce
Obama blames growing demand in India, China for rising gas prices
Blaming growing demand for oil in countries like China and India for rising gas prices, President Barack Obama has unveiled a plan to improve the fuel efficiency of US vehicles to 54.5 miles per gallo
Iran halts oil supply, but India sees no shortage
India has a back-up plan to cope with a halt to crude supplies from Iran, its oil minister said, as Teheran upped the ante in an oil payments row and Indian refiners rushed to secure alternative suppl
Iran warns India over oil export
Iran warned India on Monday that it would stop exporting oil to India from August 1 if a financial dispute over payment was not resolved, the semi-official ‘Fars’ news agency reported.
"Iran might st
Oil rebounds on Greek optimism
World oil prices rallied on Tuesday as traders took their cue from buoyant stock markets and signs that Europe would hash out a deal to defuse the Greek debt crisis.
New York's main contract, West Te