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ONGC's oil production from its Western offshore breaks 5 years record


Crude oil production from ONGCs Western Offshore Fields touched 325000 barrels oil per day on March 3, 2015. This is the highest production from Mumbai offshore during the last 5 years.

Oil prices fall sharply amid record inventories

05-03-2015| Source:CNBC-Awaaz

Oil prices fall sharply amid reOn the New York Mercantile Exchange, WTI crude oil for April delivery fell 1.46% or 0.74 to $49.78 a barrel in U.S. afternoon trading.cord inventories

Expect Crude oil prices to trade sideways today: Angel


According to Angel Commodities, crude oil prices is expect to trade sideways today as data suggested a smaller-than-expected build last week in the Cushing, Oklahoma delivery point for oil.

57 cases of oil pilferage detected this fiscal: Govt

02-03-2015| Source:PTI

During the current fiscal till February, 57 incidents of were detected and the cases are being pursued by the concerned oil marketing companies, Petroleum Minister Dharmendra Pradhan said in Lok

No wow factor in Budget; cautious on mkt: Jim O'Neill  

28-02-2015| Source:CNBC-TV18

government took power last year, may run into some resistance ahead.“It is difficult for equity markets to keep on rising. Oil prices too have appeared to be turning. So the external factors may

Budget 2015-16: BPCL, HPCL, IOC fall on fears of increase in duty


Oil marketing companies like Hindustan Petroleum Corporation, Indian Oil Corporation and Bharat Petroleum Corporation fell 1-1.5 percent on fears of increase in custom duty on crude oil in Union

Live Market Updates: HPCL, BPCL down 1-2% on Budget day; Sensex, Nifty stable


Oil marketing companies (OMCs) are under pressure. CLSA sees the Budget to be negative for refiners as every 1 percent increase in duty will pull down gross refining margins by USD 0.3 per barrel

Economic Survey: Global economic outlook most favourable since 2008

27-02-2015| Source:PTI

Global economic outlook appears to be "most favourable" since the 2008 financial meltdown and is likely to improve further on the back of plummeting crude oil prices coupled with sharp

Economic Survey: Cheap oil will lift growth, but challenge is to create jobs


Simulating the effects of tax cuts, declining oil prices will add spending power to households, thereby boosting consumption and growth, the Economic Survey said

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