Thursday November 27, 2014
Saudi Oil Minister Ali al-Naimi and his United Arab Emirates counterpart, Suhail bin Mohammed al-Mazroui, said on Wednesday they expected the oil market to stabilise itself. A Gulf OPEC delegate told Reuters the Gulf producers had reached a consensus...
World | Reuters | Thursday November 27, 2014
Libya's rival government wants to send its oil minister to the OPEC summit in Vienna this week and will refuse to comply with any production decisions if it is denied access, the minister said.
Wednesday November 26, 2014
International expert D&M will by June next year submit its report on claims of gas by Oil and Natural Gas Corp (ONGC) from its KG basin find seeping into the neighbouring gas field operated by Reliance Industries Ltd (RIL), Oil Minister Dharmendra Pr...
Tuesday November 25, 2014
The government has yet to decide on the dates for selling a 10 per cent stake in state-controlled Coal India and 5 per cent in Oil and Natural Gas Corp, a government official said after a meeting with the Finance Minister on Tuesday.
Friday November 14, 2014
The decline compounded Wednesday's losses stemming from comments by Saudi Arabia's oil minister that showed little will by the kingdom to cut output when the Organization of the Petroleum Exporting Countries meets on Nov. 27.
Thursday November 13, 2014
Food Minister Ram Vilas Paswan has said that his ministry wants to double the import tax on crude edible oils and raise that on refined oils by 50 per cent, but is waiting for other ministries to give their views before passing its recommendation to ...
Thursday November 6, 2014
A modified direct cash subsidy transfer scheme for LPG consumers will be launched in 54 districts from November 15 and all over the country from January 1.
Tuesday November 4, 2014
The Centre will soon write to the states to bring uniformity in the Value Added Tax (VAT) on oil products so that benefits of price cuts filter down to the masses, Union Petroleum and Natural Gas Minister Dharmendra Pradhan said on Monday.
Sunday November 2, 2014
With firms like Piramal Glass having to shut down part of their operations after gas supply cuts, Gujarat industries have sought Oil Minister Dharmendra Pradhan's intervention to stop "arbitrary" action of GAIL that may lead to 30,000 job losses.
Friday October 31, 2014
Declining prices of crude oil and food will help lower inflation, Finance Minister Arun Jaitley said on Friday, expressing confidence that economic growth in the current fiscal year will be in the range of 5.5-5.9 per cent.
Tuesday October 28, 2014
Hit by uncertainty over oil supplies from West Asia, the government is keen to diversify imports and wants to buy crude from the US, Oil Minister Dharmendra Pradhan has said.
Sunday October 26, 2014
In parallel, the ministry is setting stiff targets for state explorers like ONGC to reverse the declining trend in oil and gas output in recent years as it looks to cut on import dependence.
Saturday October 25, 2014
Looking to deepen its economic ties with Vietnam, India is likely to strike a deal for exploration and production of oil and gas during the visit of the South East Asian nation's Prime Minister, Nguyen Tan Dung, on October 27.
World | Agence France-Presse | Friday October 24, 2014
Sudan's security forces have freed a Chinese worker abducted last week in the conflict-hit West Kordofan region, the oil minister said on Friday.
Friday October 24, 2014
The government has no plans to curtail supply of subsidised cooking gas (LPG) from the current 12 cylinders per household in a year even as it looks to give cash subsidy to consumers across the country by June.
Heena Gambhir | Tuesday October 21, 2014
Oil Minister Dharmendra Pradhan said in an interview to NDTV that the move to deregulate diesel prices is a "well thought decision" and the markets are appreciating it. He also said that as the world is seeing some stability in oil prices, it is the ...
Tuesday October 21, 2014
The government promised on Monday to open up the coal industry to private players and moved closer to selling a stake in a state-run oil company, as Prime Minister Narendra Modi picked up the pace on economic reform days after relaxing fuel price con...
World | Agence France-Presse | Saturday October 4, 2014
Taiwan's health minister Chiu Wen-ta has resigned over a food safety scare that has gripped the island after hundreds of tonnes of products made with "gutter oil" were removed from sale.
Saturday September 13, 2014
The Centre has chalked out plans to set up at least four more strategic oil reserves in the country in a bid to store adequate stock for meeting 90-100 day requirements during any crisis.
Thursday September 11, 2014
Fertilisers stocks have witnessed strong buying in last one week after Ananth Kumar, Minister for Chemicals & Fertilizers, said that the government proposes to come out with a new fertiliser policy. He also said that the fertiliser ministry is follow...