Oil prices have surged more than 50 per cent from 12-year lows since the Organization of the Petroleum Exporting Countries floated the idea of a production freeze
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Under the terms of the tie-up being discussed, firms such as Schlumberger NV and Halliburton Co will invest capital and share technical expertise in stagnant but producing ONGC hydrocarbon fields
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While the hike in petrol price turns the clock back on the declining trend since January, this is the third straight fortnightly increase in diesel rates
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The oil market rebounds after Qatari oil minister says producers from within and outside OPEC will meet in Doha on April 17 to discuss output freeze plans
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Russian oil firm Rosneft said on Wednesday it had signed a series of documents on selling stakes in Russian oil fields to Indian firms during a visit by its CEO Igor Sechin to India
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Uncertainty over how the Federal Reserve will word its policy statement on Wednesday also fed jitters in financial markets
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'Why India? Because its geographic location is good,' says Pertamina CEO. Any crude shipments from Iraq would pass several Indian oil ports on the way to Indonesia
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OPEC said global demand for crude from its members, including Saudi Arabia, Iraq and Iran, will be less than previously thought in 2016 due to competing non-OPEC supply
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