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Brent crude surpasses USD 50 a barrel for first time this year

Brent crude passed $50 a barrel for the first time in 2016 on Thursday after data showed a fall in US crude inventories, adding to expectations of a tightening global market. The post Brent crude...

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ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy exemption relief

Net profit of Rs 4,416 crore in January-March was 12.2 percent higher than Rs 3,935 crore net profit in the same period a year ago The post ONGC Q4 net profit rises 12% to Rs 4,416 cr on subsidy...

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Trump calls global warming a ‘hoax’, plans to cancel Paris Climate agreement

Donald Trump promises to roll back some of America's ambitious environmental policies, which he said would revive the ailing US oil and coal industries. The post Trump calls global warming a ‘hoax’,...

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IOC-led consortium buys 24% stake in Russia’s Vankor oil field for $2.1 bn

ONGC Videsh Ltd has recently picked up 15 percent stake in the Vankor fields for $1.27 billion The post IOC-led consortium buys 24% stake in Russia’s Vankor oil field for $2.1 bn appeared first on...

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Donald Trump favours strong relations between US and Russia

Republican presidential nominee Donald Trump has favoured strong relations between the US and Russia in wiping out the Islamic State terror group. The post Donald Trump favours strong relations between...

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Oil price rises but IEA’s supply glut warning limits gains

Traders will be watching for any deals to freeze or cut output when OPEC and non-OPEC producers meet in Algeria later this month The post Oil price rises but IEA’s supply glut warning limits gains...

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US election 2016: How Sensex reacted in past 2 decades; what to expect tomorrow

The mood is of utter caution across the global equities with a slightly negative bias, as investors remain sceptic about the policies the either of two (Hillary Clinton or Donald Trump) presidential...

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Key Asian stock indices rebound as risk appetite returns after Italy referendum

MSCI's broadest index of Asia-Pacific shares outside Japan bounced 0.8 percent, its biggest daily rise since 22 November, breaking two days of falls. Korea climbed 1.2 percent while Japan rose 0.8...

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Barack Obama bans offshore drilling in Arctic and Atlantic oceans

US President Barack Obama has permanently banned offshore drilling in areas of the Arctic and Atlantic oceans. The post Barack Obama bans offshore drilling in Arctic and Atlantic oceans appeared first...

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Assam: Locals resist privatisation of oil fields in Geleki amid fear of...

Civil society organisations in Assam have vowed to resist the privatisation of oil fields at Geleki in the Shivsagar district of the state fearing it may have negative impact on the interests of...

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