Apr 29, 2016 at 20:57 | Source: Reuters
Two European refiners are set to receive their first oil cargoes from Iran since international sanctions were lifted in January against the country, which is ramping up crude exports in a battle to take back market share.
Apr 25, 2016 at 13:00 | Source: PTI
The fund had projected in October that oil exporting countries in the region would see revenue losses of USD 360 billion in 2015, but oil prices took a tumble by year's end and the drop in revenue amounted to USD 30 billion more.
Apr 18, 2016 at 09:40 | Source: CNBC
That's despite the failure of a summit in Doha between the world's largest oil-producing countries to reach a deal on Sunday to freeze output in an effort to boost crude prices which have tumbled from levels well over USD 100 a barrel in mid-2014 amid a global supply glut.
Apr 17, 2016 at 18:10 | Source: PTI
Oil-producing countries met today in Qatar to discuss a possible freeze of production to counter low global prices, but Iran's last-minute decision to stay home could dilute the impact of any agreement.
Apr 16, 2016 at 15:19 | Source: CNBC
Tehran's oil minister had not been scheduled to attend, but the OPEC member country was due to send a representative.
Apr 13, 2016 at 18:02 | Source: PTI
The Organization of the Petroleum Exporting Countries said in its April monthly report that oil prices rose more than 20 percent in March, continuing a slow recovery from the huge drop of 2014-15.
Apr 13, 2016 at 11:36 | Source: PTI
"Generally, weaker remittances will immediately impact the recipient countries' credit profiles via their balance of payment positions. A prolonged fall would also hurt economic growth, given the importance of remittances to household incomes," it said in a report.
Apr 04, 2016 at 08:02 | Source: PTI
Saudi Arabia is planning to set up world's largest sovereign wealth fund of over USD 2 trillion and India was eyeing a major investment from the country which is India's fourth largest trading partner.
Mar 29, 2016 at 18:24 | Source: PTI
Recent reforms in the oil and gas sector involving market-linked pricing will help the country drill out 22 per cent more gas at 110 mmscmd by 2020-21, a report said Tuesday.
Mar 26, 2016 at 12:38 | Source: PTI
Russian government has approvedONGC Videsh Ltd's deal to buy 15 percent in the country'ssecond biggest oil field of Vankor from Rosneft for $1.268billion.