 | G20 tackles fuel subsidies again, with caveats-draft |
The Group of 20 major economies will agree to "continue working" to phase out fossil fuel subsidies while allowing member nations to develop their ... |
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| IOC losing Rs 1.15 bn/day on fuel sales |
Indian Oil Corp (IOC), the country's biggest oil retailer, is currently incurring a daily revenue loss of Rs 1.15 billion ($24.9 million) on fuel s... |
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| No deregulation, Petrol price to rise by Rs 3-4 |
The empowered group of ministers (EGoM) may decide to hike petrol prices by Rs 3-4 a litre when it meets to discuss the deregulation of fuel prices... |
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| ONGC may sell gas from Mumbai offshore at $5.25 |
ONGC's revenues will see a boost as it might soon be allowed to sell gas from its marginal C-series field in Mumbai offshore at $5.25/mBtu as again... |
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| Fuel price hike: Will the govt bite the bullet? |
The Empowered Group of Ministers (EGoM) will meet agian on Friday to decide on pricing of petrol, diesel, kerosene and cooking gas. These meetings ... |
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| Unpopular tax, price plans dropped |
The United Progressive Alliance Government and the main ruling party, the Congress has no option but to wake up to the aam adami and protect its vo... |
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| NTPC needs 30 mmscmd gas for capacity expansion |
State-owned power utility NTPC today said it needs 30 million standard cubic meters per day (mmscmd) of natural gas for expansion of electricity ge... |
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| Burdened ONGC Plans To Exit 3 JVs |
Burdened with royalty to its partners, state-run Oil and Natural Gas Corporation (ONGC) has offered to sell its stake to its three joint venture pa... |
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| Mexico, U.S. extend ban on drilling near sea border |
MEXICO CITY - Mexico and the United States have agreed to extend a moratorium on exploratory oil and gas drilling along their sea border in th... |
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| Oil drillers, users say world needs deepwater wells |
Energy chiefs defended deepwater oil as crucial to meeting future demand, telling a conference a prolonged US drilling ban in response to the giant... |
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| IEA raises 2015 world oil demand, supply forecast |
Rising oil supplies will help offset higher demand over the next five years, the International Energy Agency said on Wednesday in its latest medium... |
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| Rise of African oil production |
With almost 10% of oil reserves in the world, Africa is, more than ever, the center of attention. Producing as much as Iran, Venezuela and Mexico c... |
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| Belarus cuts Russian gas supplies to Europe |
Escalating the 'gas war' with Russia, Belarus on Tuesday halt Russian gas flows to Poland, Germany and Lithuania until Gazprom paid $260 million in... |
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| Brazilian Oil Giant Petrobras Delays Offering |
Petrobras, the Brazilian national oil company, said on Tuesday that it would defer a rights issue worth up to 150 billion reais ($85 billion) until... |
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| Turkey sounds upbeat about joining EU |
Turkey`s President Abdullah Gul, right, Greek Prime Minister George Papandr...Turkey`s President Abdullah Gul, right, Greek Prime Minister George P... |
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| Pakistan to follow U.N., not U.S. sanctions on Iran |
WASHINGTON, Democrats and Republicans alike on Tuesday urged the Obama administration to endorse legislation that would significantly toughen ... |
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| Oil falls to near $77 after US crude supplies jump |
Oil prices fell to near $77 a barrel Wednesday in Asia after a report showed an unexpected jump in U.S. crude supplies, suggesting a recovery in de... |
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