Oil Companies
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US Imposes Sanctions On Cuba State Oil Company Amid Energy Crisis
US Secretary of State Marco Rubio asserted that key assets of the company, known as Cupet, were "unlawfully expropriated from American owners years ago."
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Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
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Oil Giants Make $3,000 Every Second As US Families Struggle To Pay Bills
Six oil companies are expected to post $94 billion in fossil fuel profits this year. This is $37 million more per day than what they earned in 2025.
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Will US Oil Companies Be The Big Winners From The Iran War?
Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits.
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Dutch Trader Alleges Ex-Associate Posed As CIA Spy To Steal Company
A Dutch-born oil trader has filed a lawsuit against his former business associate for posing as a CIA operative and using a web of false intelligence claims to try to take control of his $350 million company.
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After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
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California Sues 5 Major Oil Companies Over Climate Risks Deception
The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimising the risks from fossil fuels, according to a court filing.
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India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In Russia
European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.
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Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
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Hungary Must Work With EU On Russian Oil Embargo - German Economy Minister
Among the 27 EU member states, Hungary is the most vocal critic of the planned embargo on Russian oil.
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U.S. Warns India, Others Against Sharp Rise In Russian Oil Imports -Official
While the current U.S. sanctions against Russia do not prevent other countries from buying Russian oil, the warning raises expectations that Washington will attempt to restrict other countries' purchases to normal levels.
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Oil Company Employee Released After 102 Days In ULFA Captivity
One of the two employees of a private oil company kidnapped by the ULFA from Arunachal Pradesh has been released after 102 days in captivity, sources said.
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54-Year-Old Indian Dentist Dies Of Coronavirus In Kuwait
An Indian doctor in Kuwait, who worked as an endodontist at the Kuwait Oil Company, died from the novel coronavirus infection, the company said in an Instagram post on Sunday.
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Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
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Centre To Exempt Rupee Payments For Iran Oil From Hefty Taxes
The finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
-
US Imposes Sanctions On Cuba State Oil Company Amid Energy Crisis
US Secretary of State Marco Rubio asserted that key assets of the company, known as Cupet, were "unlawfully expropriated from American owners years ago."
-
Fuel Prices Hiked By Rs 7 In 11 Days. Why Petrol, Diesel Rates May Rise Again
For oil companies to fully recover past losses, petrol, diesel prices in India would theoretically need to rise by another Rs 28 to Rs 33 per litre.
-
Oil Giants Make $3,000 Every Second As US Families Struggle To Pay Bills
Six oil companies are expected to post $94 billion in fossil fuel profits this year. This is $37 million more per day than what they earned in 2025.
-
Will US Oil Companies Be The Big Winners From The Iran War?
Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits.
-
Dutch Trader Alleges Ex-Associate Posed As CIA Spy To Steal Company
A Dutch-born oil trader has filed a lawsuit against his former business associate for posing as a CIA operative and using a web of false intelligence claims to try to take control of his $350 million company.
-
After Bumper Profits, Centre Scraps Rs 30,000 Crore Capital Support To Oil Firms
The government has scrapped the Rs 30,000 crore equity infusion it had planned in state-owned fuel retailers after they made record profits in the fiscal year ended March 31, according to the Budget Finance Minister Nirmala Sitharaman presented today
-
California Sues 5 Major Oil Companies Over Climate Risks Deception
The US state of California sued five of the world's largest oil companies on Friday, alleging the firms caused billions of dollars in damages and misled the public by minimising the risks from fossil fuels, according to a court filing.
-
India Oil Cos' $125.5 Million Dividend From Oil Assets Stuck In Russia
European countries and the United States have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on Feb. 24, but India has not explicitly condemned the action.
-
Russia Becomes India's Second Biggest Oil Exporter - Report
India's oil imports in May totalled 4.98 million bpd, the highest since December 2020, as state refiners raised output to meet growing local demand.
-
Hungary Must Work With EU On Russian Oil Embargo - German Economy Minister
Among the 27 EU member states, Hungary is the most vocal critic of the planned embargo on Russian oil.
-
U.S. Warns India, Others Against Sharp Rise In Russian Oil Imports -Official
While the current U.S. sanctions against Russia do not prevent other countries from buying Russian oil, the warning raises expectations that Washington will attempt to restrict other countries' purchases to normal levels.
-
Oil Company Employee Released After 102 Days In ULFA Captivity
One of the two employees of a private oil company kidnapped by the ULFA from Arunachal Pradesh has been released after 102 days in captivity, sources said.
-
54-Year-Old Indian Dentist Dies Of Coronavirus In Kuwait
An Indian doctor in Kuwait, who worked as an endodontist at the Kuwait Oil Company, died from the novel coronavirus infection, the company said in an Instagram post on Sunday.
-
Trump Orders Plan To Fund US Oil Firms After Record Low Prices
US President Donald Trump on Tuesday ordered his administration to come up with a plan to aid US oil companies struggling with a massive supply glut and record-low crude prices.
-
Centre To Exempt Rupee Payments For Iran Oil From Hefty Taxes
The finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.
