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Typhoon Rammasun shuts down Phillipine capital, four dead

Jul 16, 2014 at 10:57 | Source: FirstPost

Manila: Typhoon Rammasun shut down the Philippine capital on Wednesday as authorities said the first major storm of the country's brutal rainy season claimed at least four lives and forced hundreds of thousands to evacuate.Wind gusts of up to 250 kil...

Kurds seize Iraq oilfields, ministers pull out of government

Jul 12, 2014 at 00:30 | Source: FirstPost

BAGHDAD/KIRKUK (Reuters) - Kurdish forces seized two oilfields in northern Iraq and took over operations from a state-run oil company on Friday, while Kurdish politicians formally suspended their participation in Prime Minister Nuri al-Maliki's gover...

Egyptian Premier Defends Decision to Increase Fuel Prices

Jul 06, 2014 at 03:52 | Source: Bloomberg

Egypt's premier defended gasoline-price increases of as much as 78 percent as necessary to fix an ailing economy and strike at a subsidy system past administrations have avoided to escape public backlash. The increase, which also affects othe...

Egyptian Premier Defends Decision to Increase Fuel Prices

Jul 06, 2014 at 03:52 | Source: Business Week

Egypt's premier defended gasoline-price increases of as much as 78 percent as necessary to fix an ailing economy and strike at a subsidy system past administrations have avoided to escape public backlash. The increase, which also affects othe...

Egypt Raises Fuel Prices by as Much as 78% to Aid Budget

Jul 06, 2014 at 02:00 | Source: Bloomberg

Egypt raised gasoline prices as much as 78 percent in a step the government defended as necessary to fix an ailing economy and strike at a subsidy system past administrations have avoided to escape public backlash. The increase, which also affects ...

Egypt Raises Energy Prices by as Much as 78% to Cut Spending

Jul 05, 2014 at 18:01 | Source: Bloomberg

Egypt cut fuel subsidies to raise prices at the pump by as much as 78 percent, a move resisted by previous governments amid fears of public backlash. The increase, which affects the price of refined fuels including gasoline, diesel and natural gas, w...

Egypt Raises Energy Prices by as Much as 78% to Cut Spending

Jul 05, 2014 at 18:00 | Source: Business Week

Egypt cut fuel subsidies to raise prices at the pump by as much as 78 percent, a move resisted by previous governments amid fears of public backlash. The increase, which affects the price of refined fuels including gasoline, diesel and natural gas, w...

Sri Lanka accused of turning blind eye to violence

Jul 05, 2014 at 12:01 | Source: Business Week

ALUTHGAMA, Sri Lanka (AP) — The attackers stormed in close to midnight, tearing through town with gasoline bombs and clubs before carting away piles of cash and jewelry they stole from Muslim families in this tiny corner of Sri Lanka. The onslaught...

State refiners import petrol on refinery outages - sources

Jul 02, 2014 at 23:45 | Source: FirstPost

NEW DELHI (Reuters) - State-refiners have taken the unusual step of importing petrol as maintenance outages at some plants have created shortages of refined products in a number of regions, industry sources said.Hindustan Petroleum Corp Ltd (HPCL) (H...

U.S. DOE Weekly Petroleum Status Report for June 27 (Text)

Jul 02, 2014 at 22:01 | Source: Bloomberg

U.S. crude oil refinery inputs averaged over 16.2 million barrels per day during the week ending June 27, 2014, 546,000 barrels per day more than the previous week's average. Refineries operated at 91.45% of their operable capacity last week....

Petrol price hiked by Rs 1.69/litre, effective from today

Jul 01, 2014 at 07:11 | Source: FirstPost

New Delhi: Petrol price was on Monday hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.The hike, effective from Tuesday, excludes local sales tax or VAT and the act...

Petrol price hiked by Rs 1.69/litre, effective from midnight

Jun 30, 2014 at 19:55 | Source: FirstPost

New Delhi: Petrol price was today hiked by a steep Rs 1.69 per litre and diesel by 50 paise a litre as the crisis in Iraq spooked international oil and currency markets.The hike, effective midnight tonight, excludes local sales tax or VAT and the act...

Honda pips Maruti Suzuki from No.1 spot in mileage; no model of Maruti in top 15

Jun 23, 2014 at 13:32 | Source: Economic Times

If you are planning to buy a car and fuel efficiency is what you are looking for, consider Honda. Honda Car's newest generation City is the least thirsty among the cars manufactured and sold in India, followed by Amaze, another sedan from the Japanes...

Government to hike import duty on sugar to 40% from 15%

Jun 23, 2014 at 13:32 | Source: Economic Times

NEW DELHI: India will raise the import duty on sugar to 40 per cent from 15 per cent and will consider other incentives for mill owners if they clear dues owed to farmers, the food minister said on Monday. "We have reached a consensus to raise the im...

ISIS militants attack Iraq's largest oil refinery, north of Baghdad

Jun 18, 2014 at 13:26 | Source: FirstPost

Baghdad: A top security official in Iraq says Islamic militants are attacking the country's largest oil refinery, some 250 kilometers (155 miles) north of the capital, Baghdad. The official said fighters of the al-Qaeda-inspired Islamic State of Iraq...

China: Three sentenced to death for 2013 Tiananmen Gate attack

Jun 16, 2014 at 15:29 | Source: FirstPost

Beijing: A court in western China sentenced three people to death on Monday for planning a deadly car ramming at Beijing's iconic Tiananmen Gate last year that was blamed on Muslim separatists, state media reported.The three were accused of providing...

Iraq's Baiji oil refinery under government control - oil minister

Jun 13, 2014 at 00:45 | Source: FirstPost

VIENNA (Reuters) - Iraq's biggest oil refinery at Baiji remained under government control on Thursday after Sunni rebels' offensive through northern Iraq, Iraqi Oil Minister Abdul Kareem Luaibi said.Luaibi said Iraq was not importing any additional f...

Hyundai launches its first hydrogen fuel-cell car in US

Jun 11, 2014 at 10:21 | Source: FirstPost

Los Angeles: A Southern California motorist drove off the lot of a Hyundai Motor Company dealership on Tuesday in a zero-emissions car touted by the automaker as marking the commercial debut of mass-produced hydrogen fuel-cell vehicles in the United ...

Soldiers conflicted on Bowe Bergdahl prisoner exchange

Jun 05, 2014 at 18:07 | Source: BBC

On Saturday President Barack Obama announced the US had reached a deal with Taliban forces to exchange captured soldier Sgt Bowe Bergdahl for five Taliban officials being held in the Guantanamo Bay detention facility. The prisoner exchange was condem...

Fuel retailing regains appeal

Jun 03, 2014 at 13:07 | Source: Calcutta Telegraph News

New Delhi, June 2: Private players such as Reliance and Essar are taking a renewed interest in fuel retailing with the new government continuing with the monthly increase in diesel prices that will see under-recovery falling below Rs 3 per litre. St...

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