OPEC countries including Russia may extend production cuts of 9.7 million barrels per day, or about 10% of global output into July or August
03 Jun 2020 11:35 AM
Traders shrugged off a further call by Saudi Arabia for larger production cuts to balance the market following a virus-induced demand slump
13 May 2020 8:29 AM
The demand is expected to further pick up as more areas were opened up on Monday
04 May 2020 4:11 PM
Oil investors are concerned travel advisories, other restrictions and any sizable impact on growth.
28 Jan 2020 11:41 AM
India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017.
10 Jan 2020 11:38 AM
US oil added 61 cents, or 1 per cent, to USD 60.22 after falling nearly 5 per cent in the previous session.
09 Jan 2020 9:59 AM
Sources have said the company could sell 1 per cent-2 per cent on the Saudi stock market in what could be the world's largest listing.
10 Nov 2019 12:27 PM
India wants to be the new destination for global energy players, said oil minister Dharmendra Pradhan.
07 Nov 2019 12:21 PM
Per capita energy consumption in India is only about one-third of the world's average.
15 Oct 2019 1:24 PM
A growing demand in India amid a global slowdown and government policies have made investments and returns attractive.
15 Oct 2019 12:21 PM
Total is the third foreign oil major to enter India’s gas sector after BP Plc and Shell.
14 Oct 2019 3:29 PM
Govt is giving special impetus to develop gas infrastructure across the length and breadth of the country, said the Oil Minister.
13 Oct 2019 6:25 PM
'It is a gross violation of the basic norms of international relations,' foreign ministry spokesman Geng Shuang said.
26 Sep 2019 4:13 PM
Thousands of employees and contractors have been pulled from other projects to work around the clock in bringing production back.
24 Sep 2019 8:53 AM
The company has not given a specific timeline for the resumption of full output.
17 Sep 2019 10:33 AM
A massive drone strike on the world's largest crude-processing facility operated by Saudi Arabia's Aramco has driven up oil prices.
16 Sep 2019 7:17 PM
Drones claimed by Yemen's Houthi rebels attacked the world's largest oil processing facility in Saudi Arabia.
16 Sep 2019 2:49 PM
Brent soared almost 20 per cent at one point on Monday, while WTI surged around 15 per cent before paring the gains.
16 Sep 2019 9:31 AM
Saudi Arabia has spent billions on military hardware but recent events have underscored the vulnerability of its infrastructure to attack.
16 Sep 2019 8:01 AM
The attacks in Abqaiq and Khurais knocked down some 5.7 million barrels per day.
15 Sep 2019 3:07 PM