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Global oil prices at eight-month low

13 Jun 2012 8:36 AM GMT
Oil prices extended losses on Tuesday as New York crude struck an eight-month low with euphoria fading over a bailout deal for Spanish banks, while...

After Hillary’s oil diplomacy, Ahmadinejad dials PM

19 May 2012 5:12 AM GMT
Against the backdrop of the US pressure on India to cut oil imports from Iran, President Mahmoud Ahmedinejad called up Prime Minister Manmohan Singh...

India's Iran oil imports cut not due to US pressure: Blake

18 May 2012 4:11 AM GMT
US, which has been asking India to cut oil imports from Iran has said that the reduction has happened not because of its pressure but due to...

OVL to abandon second block off Vietnam coast

16 May 2012 6:16 AM GMT
ONGC Videsh Ltd,  the overseas arm of state-owned Oil and Natural Gas Corp (ONGC), has decided to abandon a second block off the Vietnam coast in the...

India to cut Iran crude imports by 11%

16 May 2012 6:02 AM GMT
In the face of US sanctions on Iran, India has decided to reduce crude oil imports from the gulf nation by 11.1 per cent to 15.5 million tonnes during ...

OPEC hikes 2012 world oil demand forecast

11 May 2012 5:51 AM GMT
Organisation of Petroleum Exporting Countries (OPEC) revised its 2012 world oil demand outlook slightly upwards on Thursday citing a stable US economy ...

Govt rejects US interference charge

11 May 2012 4:07 AM GMT
India is ‘free to take its decisions’ on importing oil from Iran despite economic sanctions by the US to thwart Tehran’s alleged military nuclear...

US interfering in our affairs: SP

10 May 2012 4:45 AM GMT
The US secretary of state Hillary Clinton’s statement that India should not import oil from Iran is seen as an infringement on the sovereign rights of ...

India resists US pressure against Iran oil imports

9 May 2012 2:08 AM GMT
Resisting US pressure to further scale down oil imports from sanction-hit Iran, India on Tuesday made it clear that it has to look at the issue...

US eyes cuts in India's oil imports from Iran

7 May 2012 2:08 AM GMT
US Secretary of State Hillary Rodham Clinton will use a two-day visit to India this week to urge further reductions in Indian imports of Iranian oil.A ...

Oil down on stockpile forecasts, eurozone fears

1 May 2012 2:24 PM GMT
Oil was down in quiet Asian trade today on forecasts of a US stockpile gain as well as amplified worries over the eurozone after Spain announced that...
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