Jun 16, 2015 06:27 PM IST
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.
- Jun 08, 2015 09:20 AM IST
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.
- Jun 05, 2015 08:09 AM IST
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.
- Jun 04, 2015 07:54 PM IST
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.
- May 26, 2015 07:29 AM IST
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.
- May 18, 2015 11:56 AM IST
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.
- May 18, 2015 10:47 AM IST
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.
- May 13, 2015 02:33 PM IST
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
- May 13, 2015 08:19 AM IST
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
- Apr 30, 2015 10:04 AM IST
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.
- Apr 15, 2015 02:53 PM IST
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.
- Mar 31, 2015 08:36 PM IST
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.
- Mar 28, 2015 02:43 PM IST
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."
- Mar 26, 2015 09:47 AM IST
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.
- Mar 20, 2015 10:52 AM IST
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.
- Mar 04, 2015 05:48 PM IST
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.
- Jan 12, 2015 12:20 PM IST
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.
- Jan 06, 2015 10:07 PM IST
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.
- Jan 03, 2015 09:50 AM IST
Islamic State fighters still control roughly a third of Iraq. The army and Shi'ite and Kurdish militia continue to battle the insurgents.
- Dec 16, 2014 08:35 AM IST
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.
- Dec 01, 2014 09:02 AM IST
"They (OPEC) can get by at $60 a barrel, but that price would knock out a fair whack of the competition â€“ much U.S. shale oil for example â€“ as well as put investment in future capacity growth firmly on the back-burner," ANZ analysts said in a note.
- Nov 26, 2014 04:24 PM IST
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.
- Nov 26, 2014 04:22 PM IST
Organisation of the Petroleum Exporting Countries (OPEC) in Vienna will meet on Thursday to decide on oil production cut.
- Nov 17, 2014 08:26 AM IST
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.
- Nov 14, 2014 12:40 PM IST
Gurnam Arora, Joint Md, Kohinoor Foods is confident of achieving FY15 projected revenues of Rs 1500 crore and more.