Releasing the Hydrocarbon Vision 2030 for Northeast India, Petroleum Minister Dharmendra Pradhan says the Northeast region has enormous potential in the oil and gas sector
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The Paris-based IEA trimmed its forecast for 2016 oil demand growth, which now stands at 1.17 million barrels per day (bpd) following a five-year high of 1.6 million in 2015
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In the five years before the downturn began in mid-2014, when crude prices held above $100 a barrel, big energy firms had raced to expand production capacity, including buying stakes in vast, costly fields
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PM says he is 'trying to bring a work culture where projects are conceived in time and completed on time'
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Strategic storage reserves are underground rock caverns used to store crude oil that can be used in case of a supply cut-off to a country
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The company, which is still grappling with the huge costs from the deadly 2010 Gulf of Mexico oil spill, said it would cut 7,000 jobs by 2017, nearly 9 per cent of its workforce
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China's manufacturing sector contracted at the fastest pace since 2012 in January, adding to worries about demand from the world's second-biggest economy at a time when the market is already weighed down by a large supply overhang
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IOC, the country's biggest refiner, had shut the crude unit after a fire broke out at a vacuum distillation unit on Saturday evening
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The three hikes in excise duty in January take to five the number of times tax rates on petrol and diesel have been raised this fiscal year
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Saudi Arabia has repeatedly called on non-members to contribute to output cuts if they want OPEC to help producers deal with the oil glut with the world running out of space to stockpile unwanted crude
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