The crash occurred less than 24 hours after the US Department of Justice announced that McClendon had been indicted for allegedly colluding to rig bids for oil and gas acreage
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US crude inventories rose by 9.9 million barrels last week, data from the American Petroleum Institute showed after Tuesday's settlement
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Petrol price was on Monday cut by Rs 3.02 per litre, but diesel rates were hiked by Rs 1.47 a litre - the second increase this month in line with global trends.
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India on Monday proposed to give income tax exemption to foreign companies for storing and selling oil to local refiners, a move that could spur interest from global oil producers in leasing the country's strategic petroleum reserve facilities.
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Located in Kutch district, the project will be completed in three phases with execution culminating by April 2017
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The United States won a ruling against India at the World Trade Organization on Wednesday after challenging the rules on the origin of solar cells and solar modules used in India's national solar power programme
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The new Tariff Policy takes UDAY's message forward and takes a holistic view of the Indian power sector
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Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture
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