Rosneft inks record oil supply deal with RIL

The 10-year agreement amounts to 0.5 per cent of global oil supply and is valued at roughly $13 billion per year. Photograph: Dado Ruvic/Reuters Russia’s state-owned oil firm Rosneft has......

OMCs to invest Rs 90,000 cr on fuel upgrade by 2020

There are about 23 oil refineries in India with a combined capacity of 230 million tonnes per annum. Oil marketing companies (OMCs) will be investing Rs 90,000 crore by 2020 on fuel upgradation......

What makes India a hotspot for global oil firms

Experts say local demand, government policies in retail and refining sector are attracting foreign players. Photograph: Lucy Nicholson/Reuters With Saudi Aramco planning to pick 20 per cent stake......

For the foreseeable future, diesel is likely to drive India's economy

India’s climate change goals are turning combustible. On the one hand, a protracted dispute between the government and manufacturers over subsidies threatens to slow the pace of electric......