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  • Jeb Bush announces bid for 2016 presidential run Jun 16, 2015 06:27 PM IST

    Jeb Bush announces bid for 2016 presidential run

    Jeb Bush, 62, the son and brother of former US presidents, joins 10 other Republicans who have announced their intention to run. "I'm ready to lead," Bush said in a video at the Miami event.

  • Greece and Ukraine crises drown out G7 agenda Jun 08, 2015 09:20 AM IST

    Greece and Ukraine crises drown out G7 agenda

    Leaders from the Group of Seven (G7) industrial nations meet on Sunday in the Bavarian Alps for a summit overshadowed by Greece‘s debt crisis and ongoing violence in Ukraine.

  • Could OPEC be ready for a production hike? Jun 05, 2015 08:09 AM IST

    Could OPEC be ready for a production hike?

    The organization currently accounts for around 40 percent of global crude production and has a goal of producing 30 million barrels a day. Analysts are widely expecting no change to this target at tomorrow's OPEC meeting in Vienna but some ministers haven't ruled out an alternative scenario.

  • Is $60 the new normal for oil? Jun 04, 2015 07:54 PM IST

    Is $60 the new normal for oil?

    Weak global economic growth momentum and a supply glut will cap oil prices at around USD 60 for the rest of 2015 and into 2016, analysts say.

  • OVL posts 57% drop in net profit at Rs 1,904 cr in FY15 May 26, 2015 07:29 AM IST

    OVL posts 57% drop in net profit at Rs 1,904 cr in FY15

    The company's net profit in the previous fiscal stood at Rs 4,445 crore, the company said in a statement. The revenue fell by 14.63 per cent to Rs 18,491 crore. OVL produced 5.53 million tonnes of crude oil in 2014-15, marginally higher than 5.48 million tonnes a year ago. Gas output was 16.37 per cent higher at 3.34 billion cubic meters.

  • Oil prices up on Middle East fighting; OPEC output in focus May 18, 2015 11:56 AM IST

    Oil prices up on Middle East fighting; OPEC output in focus

    Despite these Middle East conflicts, analysts said oil markets remained oversupplied, and that the glut could worsen if US -production picked up and output by producer-club OPEC remained strong.

  • Oil prices up in Asian trade May 18, 2015 10:47 AM IST

    Oil prices up in Asian trade

    Saudi Arabia-led coalition air strikes resumed against rebel positions in Yemen's south after a five-day ceasefire expired yesterday, as fighting raged between Shia Huthi rebels and loyalists of exiled president Abedrabbo Mansour Hadi.

  • US shale has 'blinked' in battle against OPEC: IEA May 13, 2015 02:33 PM IST

    US shale has 'blinked' in battle against OPEC: IEA

    US oil producers appear to have lost their battle with OPEC (Organization of the Petroleum Exporting Countries) over market share, but the war is only just beginning, the International Energy Agency (IEA) warned Wednesday

  • Global oil demand expectations rise: OPEC May 13, 2015 08:19 AM IST

    Global oil demand expectations rise: OPEC

    OPEC has raised its 2015 global demand growth forecast to 1.18 million barrels per day compared to last month's estimate of 1.17 million

  • US asks India to go slow in boosting trade ties with Iran Apr 30, 2015 10:04 AM IST

    US asks India to go slow in boosting trade ties with Iran

    Diplomats are negotiating to fill the gaps in an April 2 framework agreement that would curb Iran's nuclear programme, allaying Western fears it could develop an atomic bomb, in return for relief from international sanctions.

  • IEA says oil supply boost may defer market tightening Apr 15, 2015 02:53 PM IST

    IEA says oil supply boost may defer market tightening

    The agency raised its forecast for global oil demand growth in 2015 for a second consecutive month, citing stronger-than-expected pockets of demand in markets such as Europe, India and the United States.

  • Oil drops to $55 as Iran nuclear talks intensify Mar 31, 2015 08:36 PM IST

    Oil drops to $55 as Iran nuclear talks intensify

    With a self-imposed deadline set for the end of the day, the United States, Britain, France, Germany, Russia and China ramped up the pace of negotiations with Iran in Switzerland over an outline deal on Tehran's nuclear programme.

  • How oil is preparing for a new world order Mar 28, 2015 02:43 PM IST

    How oil is preparing for a new world order

    The Goldman Sachs note, published late last week, adds that while it believes "the new equilibrium price for oil is USD 65 a barrel for WTI [West Texas Intermediate] and USD 70 a barrel for Brent, the risks are skewed to the downside."

  • Oil prices surge after Saudi air strikes in Yemen Mar 26, 2015 09:47 AM IST

    Oil prices surge after Saudi air strikes in Yemen

    The strike against Iran-backed Houthi rebels who have driven the president from the country's capital could stoke concerns about the security of oil shipments from the Middle East.

  • Brent climbs towards $55 on weaker dollar Mar 20, 2015 10:52 AM IST

    Brent climbs towards $55 on weaker dollar

    OPEC has no choice but to keep its market share and shun oil output cuts, Kuwait's oil minister said on Thursday, reiterating the view from the emirate that the group will hold its course when it meets next, in June.

  • European Union lifts ban on import of mangoes from India Mar 04, 2015 05:48 PM IST

    European Union lifts ban on import of mangoes from India

    In April last year, the 28-member European Union had temporarily banned import of Alphonso mangoes. It also banned import of four vegetables - taro, bitter gourd, snake gourd and eggplant - from India from May 1, 2014. Export of Indian mangoes to the EU during 2012 and 2013 were valued at USD 6.73 million and USD 10.09 million, respectively.

  • Paris attack: Can Islamic terror make people less liberal? Jan 12, 2015 12:20 PM IST

    Paris attack: Can Islamic terror make people less liberal?

    While an understanding of what entices people to terror may be useful in preventing a larger numbers from heading in that direction, it is physically impossible in diverse societies to really prevent people from moving towards this fatal attraction.

  • $40/ barrel possible; don't see OPEC cutting output: Expert Jan 06, 2015 10:07 PM IST

    $40/ barrel possible; don't see OPEC cutting output: Expert

    Amrita Sen, chief oil analyst with Energy Aspects says USD 40 a barrel is definitely a possibility. She says in these kinds of market it is difficult to call a bottom considering the last USD 20 move wasn‘t justified by fundamentals.

  • 2014 deadliest year in Iraq for civilians since 2006: UN Jan 03, 2015 09:50 AM IST

    2014 deadliest year in Iraq for civilians since 2006: UN

    Islamic State fighters still control roughly a third of Iraq. The army and Shi'ite and Kurdish militia continue to battle the insurgents.

  • The silver lining to cheap oil in the Middle East Dec 16, 2014 08:35 AM IST

    The silver lining to cheap oil in the Middle East

    Further declines in global crude oil prices could see nations step up their efforts to diversify away from oil and increase the chances of a nuclear agreement with Iran, according to Citi.

  • Oil in longest losing streak since 2008 crisis Dec 01, 2014 09:02 AM IST

    Oil in longest losing streak since 2008 crisis

    "They (OPEC) can get by at $60 a barrel, but that price would knock out a fair whack of the competition – much U.S. shale oil for example – as well as put investment in future capacity growth firmly on the back-burner," ANZ analysts said in a note.

  • Muslims to combat ISIS on human values, not scripture? Nov 26, 2014 04:24 PM IST

    Muslims to combat ISIS on human values, not scripture?

    A close look at the Islamic clerics‘ open letter to al-Baghdadi offers us a reason to wonder why it needs an interpretation of the Koran to stop ISIS, and why this may not do much to prevent the emergence of the next al-Baghdadi.

  • See Brent around USD 81/bbl till Q1 of 2015: Energy Aspects Nov 26, 2014 04:22 PM IST

    See Brent around USD 81/bbl till Q1 of 2015: Energy Aspects

    Organisation of the Petroleum Exporting Countries (OPEC) in Vienna will meet on Thursday to decide on oil production cut.

  • Why oil is more likely to test $50 than $100 again next yr Nov 17, 2014 08:26 AM IST

    Why oil is more likely to test $50 than $100 again next yr

    On Thursday, in its weekly inventory report, the US Department of Energy reported that oil production in the United States rose to its highest level in 29 years to just over 9 million barrels per day.

  • To achieve projected rev of Rs 1500 in FY15: Kohinoor Foods Nov 14, 2014 12:40 PM IST

    To achieve projected rev of Rs 1500 in FY15: Kohinoor Foods

    Gurnam Arora, Joint Md, Kohinoor Foods is confident of achieving FY15 projected revenues of Rs 1500 crore and more.

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