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UN-Brokered Grain Deal Suspension To Affect Food Security Globally: India
India raised concern on Monday at the Security Council about the suspension of the UN-brokered Black Sea Grain initiative, saying that this move is likely to further exacerbate the food security, fuel, and fertilizer supply challenges faced by the wo
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
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Indian Oil Corp Agrees Fuels Deal For Crisis-Hit Sri Lanka
Indian Oil Corp (IOC) will supply gasoil, gasoline and jet fuel to Sri Lanka, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.
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More Turbulence For Jet Airways With Shrunk Fleet, Tightened Fuel Terms
Saddled with more than $1.2 billion of bank debt, Jet Airways has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March.
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Crude Oil Price Set To Register First Annual Decline Since 2015
Crude oil price was on track for the first yearly decline in three years amid concerns of a persistent supply glut. Hints of progress on a possible US-China trade deal helped bolster sentiment in crude oil, which has been battered by concerns over a weaker global economic outlook.
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India Enters Elite Missile Tech Group, Which Has Not Yet Admitted China
India on Monday joined an exclusive club of countries controlling exports in missile technology, just a day after decrying its exclusion from the Nuclear Supplies Group or NSG, which governs international nuclear fuel and technology.
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Oil Below $40 as Iran Dashes Hopes for Quick Deal on Output
Oil fell on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing.
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Oil Slips Towards $33 as Production Cut Hopes Fade
Oil prices fell on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC (Organization of Petroleum Exporting Countries) and Russia on output cuts faded.
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Nepal Signs Deal With China for Supplies as Fuel Crisis Deepens
Nepal signed a deal with China today to import petroleum products, its embassy in Beijing said, as the Himalayan nation tries to boost supplies to deal with a deepening fuel crisis.
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Fuel-strapped Nepal Sends Team to China to Ease Supply
Nepali officials left for China today to negotiate a fuel deal and ease crippling shortages after protests over a new constitution blocked imports from its sole supplier India, a minister said.
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Iran Nuclear Deal: What It Means for India
Iran on Tuesday reached a historic nuclear deal that is likely to result in easing of sanctions in exchange for curbs on Tehran's nuclear programme. Global oil prices tumbled more than a dollar after the news broke.
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Oil Prices Fall as Iran Nuclear Deal Seen Imminent
Oil prices dipped on Tuesday as the market awaited a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase in its oil exports, while Asian economies showed new signs of slowing.
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Canada-India Uranium Supply Deal Likely During PM Modi's Visit: Report
A deal between Canada's biggest uranium producer, Cameco, and India to supply fuel for nuclear power plants is likely to be signed during Prime Minister Narendra Modi's visit to the North American country this month, a Canadian daily has reported.
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Afghan Leader Orders Graft Review for All Army Supply Contracts
Afghan President Ashraf Ghani has ordered a review of all military logistics contracts after cancelling a $280 million fuel supply deal over allegations the bidding process was rigged, officials said.
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UN-Brokered Grain Deal Suspension To Affect Food Security Globally: India
India raised concern on Monday at the Security Council about the suspension of the UN-brokered Black Sea Grain initiative, saying that this move is likely to further exacerbate the food security, fuel, and fertilizer supply challenges faced by the wo
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Oil Falls 2% On Powell Comments, Hopes For Venezuela Supply
Russia's production dropped by 9% in April, and the country, part of the OPEC+ group, produced far below levels required under a deal to gradually ease record output cuts made during the worst of the pandemic in 2020.
-
Indian Oil Corp Agrees Fuels Deal For Crisis-Hit Sri Lanka
Indian Oil Corp (IOC) will supply gasoil, gasoline and jet fuel to Sri Lanka, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.
-
More Turbulence For Jet Airways With Shrunk Fleet, Tightened Fuel Terms
Saddled with more than $1.2 billion of bank debt, Jet Airways has been teetering for weeks and has yet to receive a loan of about $217 million from its lenders as part of a rescue deal agreed in late March.
-
Crude Oil Price Set To Register First Annual Decline Since 2015
Crude oil price was on track for the first yearly decline in three years amid concerns of a persistent supply glut. Hints of progress on a possible US-China trade deal helped bolster sentiment in crude oil, which has been battered by concerns over a weaker global economic outlook.
-
India Enters Elite Missile Tech Group, Which Has Not Yet Admitted China
India on Monday joined an exclusive club of countries controlling exports in missile technology, just a day after decrying its exclusion from the Nuclear Supplies Group or NSG, which governs international nuclear fuel and technology.
-
Oil Below $40 as Iran Dashes Hopes for Quick Deal on Output
Oil fell on Monday after Iran dashed hopes of a coordinated production freeze any time soon, returning bearish sentiment to the market over a supply glut that has sent prices crashing.
-
Oil Slips Towards $33 as Production Cut Hopes Fade
Oil prices fell on Tuesday, dented by worries about the demand outlook and rising supply, while hopes for a deal between OPEC (Organization of Petroleum Exporting Countries) and Russia on output cuts faded.
-
Nepal Signs Deal With China for Supplies as Fuel Crisis Deepens
Nepal signed a deal with China today to import petroleum products, its embassy in Beijing said, as the Himalayan nation tries to boost supplies to deal with a deepening fuel crisis.
-
Fuel-strapped Nepal Sends Team to China to Ease Supply
Nepali officials left for China today to negotiate a fuel deal and ease crippling shortages after protests over a new constitution blocked imports from its sole supplier India, a minister said.
-
Iran Nuclear Deal: What It Means for India
Iran on Tuesday reached a historic nuclear deal that is likely to result in easing of sanctions in exchange for curbs on Tehran's nuclear programme. Global oil prices tumbled more than a dollar after the news broke.
-
Oil Prices Fall as Iran Nuclear Deal Seen Imminent
Oil prices dipped on Tuesday as the market awaited a nuclear deal between Iran and six global powers that could see an easing of sanctions against Tehran and a gradual increase in its oil exports, while Asian economies showed new signs of slowing.
-
Canada-India Uranium Supply Deal Likely During PM Modi's Visit: Report
A deal between Canada's biggest uranium producer, Cameco, and India to supply fuel for nuclear power plants is likely to be signed during Prime Minister Narendra Modi's visit to the North American country this month, a Canadian daily has reported.
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Afghan Leader Orders Graft Review for All Army Supply Contracts
Afghan President Ashraf Ghani has ordered a review of all military logistics contracts after cancelling a $280 million fuel supply deal over allegations the bidding process was rigged, officials said.
