Machilipatnam: Gas and crude oil from an ONGC well leaked causing panic among farmers at Chinnapandraka village in Kruttivennu mandal of Krishna district today evening and damaging crop in more than hundred acres. Machilipatnam Revenue
Mount Carbon, West Virginia: A train carrying more than 100 tankers of crude oil derailed in southern West Virginia on Monday, sending at least one into the Kanawha River, igniting at least 14 tankers and
New Delhi: Finance Minister Arun Jaitley's much-anticipated Budget is expected to restore customs duty on the crude oil. The move will give the exchequer around Rs 14,000 crore the next financial year.The extra money will
New Delhi: Weeks ahead of schedule, Reserve Bank of India (RBI) Governor Raghuram Rajan cut interest rates for the first time in almost two years on the day data showed the December trade deficit had
New Delhi: Bringing yet more smiles on the faces of consumers, global oil prices have slid to a low of $45 a barrel on Tuesday, lowest in last six years. Although the news about crude
New Delhi: Oil prices on Monday tumbled to fresh 5.5-year lows under $49 per barrel. The fall comes amid US investment bank Goldman Sachs cutting its price outlook and the ongoing global crude supply glut.Brent
New Delhi: US investment bank Goldman Sachs has slashed its short-term forecast for crude oil and expects it to fall to around $30 per barrel mark.Analysts at Goldman Sachs cut their three-month forecasts for Brent
New Delhi: In a major relief for the common man, petrol prices may be cut by Rs 1.50 per litre this week.If this happens, it would be the seventh reduction in a row since the
New Delhi: Following the recent multiple reductions in petrol rates and deregulation of diesel prices last month, fuel consumers can look forward to more price cuts as Brent crude oil on Tuesday fell to its
New Delhi: In yet another effort to contain the rising inflation, the government is expected to announce reduction in the cost of petrol and diesel.Sources said that Rs 1.5 to 2 deduction is expected in
New Delhi: ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has reported a 26% jump in crude oil production in 2013-14 as recent acquisitions offset a natural decline in
New Delhi: Almost 79 per cent of India's crude oil requirements have to be imported, Petroleum Minister M. Veerappa Moily said Tuesday.In a written reply in parliament, Moily said the estimated demand for 2013-14 of
New Delhi, Mar 20: IMF chief Christine Lagarde today cautioned that supply disruptions from Iran could push global crude prices by up to 30 per cent, at a time when the price is hovering at
New Delhi, May 30: State-owned Indian Oil Corp, the nation's largest fuel retailer, today said it may hike petrol price next month as the steep hike of Rs 5 per litre of May 15 was
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