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Qatar to withdraw from OPEC in 2019
Qatar Petroleum while confirming the withdrawal, tweeted, "Qatar announces it was withdrawing from the Organisation...
Why is Iran crude so important for India?
One of the major advantages of buying Iran crude is the additional credit period of 90 days that the country gives to...
US allows India, China, 6 others to buy Iranian oil
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries...
Could've been worse, says Saudi minister as PM cites high oil price
Modi made a strong case for a partnership between the producers and consumers in the oil market as it exists in other...
PM's vision for gas-based economy: 10K CNG pumps, 2 cr household connections
Modi said the push towards a gas-based economy where the share of environment-friendly fuel in the energy basket will...
Cutback in oil output, rise in crude prices could impact India
Given that India will get a huge part of its oil supplies from Iran through its government-owned oil PSUs, any...
Private players may now enter India's fuel retailing space
At present, India has 56,999 fuel outlets. Of those, only 6,276 are owned by private companies
CAD may narrow to 2.6% of GDP in FY19 on falling crude
Fiscal deficit in first half of FY19 has already reached 95.3 per cent of full-year budget estimates.
Why it's not going to be a smooth ride for private oil retailers
As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre...
Oil import bill for FY19 seen rising 42%
The benchmark Indian crude oil basket is now estimated to average $77.88 a barrel for FY19, compared to the...
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