Fuel Supply Deal

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

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.

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 (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.

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 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 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 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 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 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.

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 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 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.

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.

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.

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

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.

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 (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.

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 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 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 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 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 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.

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 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 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.

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.

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.