Mar 21, 2016 07:42 AM IST
The move revives a long-sought ambition by Iraq to be a gas exporter, thanks to a joint venture with Anglo-Dutch Royal Dutch Shell PLC and Japan's Mitsubishi Corp.
- Feb 19, 2016 03:41 PM IST
Competitive prices and shorter shipping distances are giving the Middle East members of the Organization of the Petroleum Exporting Countries (OPEC) the upper hand in India, the world's third-largest crude oil importer.
- Feb 17, 2016 06:56 PM IST
Mahdi Asali, Iran's OPEC envoy, said his country will in fact keep increasing its crude exports until it reaches levels attained before international sanctions were imposed on Tehran over its nuclear program.
- Jan 25, 2016 05:46 PM IST
Oil prices fell 3 percent on Monday as Iraq announced record-high oil production feeding into a heavily oversupplied market, wiping out much of the gains made in one of the biggest-ever daily rallies last week.
- Dec 30, 2015 08:55 AM IST
Six out of these 23 Indians who had joined the dreaded terror network have died and two have returned.
- Dec 11, 2015 09:57 AM IST
The rout is a result of a huge overhang in production, which is seeing anywhere between half a million and 2 million barrels of crude oil being produced every day in excess of demand, and is fast filling onshore storage sites, which some analysts expect to run out in early 2016.
- Dec 10, 2015 09:50 PM IST
The Organization of the Petroleum Exporting Countries (OPEC) in a monthly report also said its members pumped more oil in November and forecast little increase in global demand for its crude next year, pointing to a larger supply glut.
- Dec 05, 2015 02:41 PM IST
OPEC members failed to agree an oil production ceiling on Friday at a meeting that ended in acrimony, after Iran said it would not consider any production curbs until it restores output scaled back for years under Western sanctions
- Oct 28, 2015 06:03 PM IST
Iraq overtook Saudi Arabia as the top crude exporter to India in September for the third time in 2015.
- Oct 24, 2015 11:58 AM IST
Europe is facing its largest refugee crisis since World War II, and policymakers are struggling to cope with it. Divided opinion on how to handle the influx of migrants â€” averaging 8,000 a day â€” has slowed decisionmaking.
- Oct 21, 2015 10:51 AM IST
An IMF team will discuss with Iraqi officials early next month how to create a Staff-Monitored Programme for Baghdad - an arrangement under which the Fund would monitor Iraq's economic policies, said Masood Ahmed, Director of the IMF's Middle East and Central Asia Department.
- Sep 27, 2015 12:53 PM IST
The United Nations high commissioner for refugees said on Saturday the world waited far too long to respond to the refugee crisis sparked by the wars in Syria and elsewhere, though rich countries now appear to understand the scale of the problem.
- Sep 22, 2015 03:36 PM IST
Many in the defence sector had expected the deal, valued to be over USD 2.5 billion and pending since 2013 following finalisation of cost negotiations, to be signed during the visit of US defence secretary Ashton Carter in June this year.
- Sep 16, 2015 09:18 AM IST
Google took an uncharacteristically personal approach in announcing the donation drive on its blog. Rather than having an executive make the announcement, Rita Masoud, a Google employee who fled Kabul with her family when she was seven years old, wrote about her personal experience.
- Aug 31, 2015 03:25 PM IST
Overall personal computer shipments for the quarter fell to 3.3 million units, according to global technology research and consulting firm International Data Corporation (IDC).
- Aug 28, 2015 08:18 PM IST
OPEC delegates, including those from core Gulf OPEC countries, see economic troubles in top energy consumer China as short term and unlikely to have much impact on demand for crude which will rise seasonally in the fourth quarter.
- Aug 17, 2015 02:55 PM IST
They are told to forget the "poor habits" they learned at previous jobs, one employee recalled. When they "hit the wall" from the unrelenting pace, there is only one solution: "Climb the wall," others reported.
- Aug 12, 2015 10:32 AM IST
West Texas Intermediate crude futures skidded through the year's lows and looked set to break into the USD 30s-per-barrel range after the Organization of the Petroleum Exporting Countries admitted to more pumping and China devalued its currency, sending ripples through global markets.
- Jul 27, 2015 06:26 PM IST
Crude oil import from Saudia Arabia was cut to 34.99 million tonnes in the year to March 31, 2015 from 38.18 MT in 2013-14, Oil Minister Dharmendra Pradhan said on Monday.
- Jul 22, 2015 08:23 AM IST
A steely Obama travelled to Pittsburgh, Pennsylvania where he urged the 1.9 million member Veterans of Foreign Wars to give the nuclear deal with Tehran a chance.
- Jul 17, 2015 07:57 PM IST
ONGC Videsh Ltd, the overseas arm of state-owned explorer Oil and Natural Gas Corp (ONGC), has lost out on its bid for two oil blocks in Mexico's first licensing round in 88 years.
- Jul 13, 2015 08:31 PM IST
The global oil market should be more balanced next year as China and the developing world increase oil consumption while supply of shale oil from North America and other regions grows more slowly, OPEC said on Monday.
- Jul 10, 2015 12:04 PM IST
The order is for supply of 4600 kms of Aerial Bunch Cables to Iraq.
- Jun 30, 2015 09:09 PM IST
Earlier, the Securities and Exchange Board of India (Sebi) had issued warnings to stock exchanges and other market entities against Taliban and Al-Qaida linked organisations and individuals.
- Jun 18, 2015 12:15 PM IST
Brent August crude declined 18 cents at USD 63.69 a barrel after it settled 17 cents higher on Wednesday at USD 63.87.