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India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
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World's Newest Oil Producer Sends First Cargo Of Crude To India
The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
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Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage.
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US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
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Asian Shares Mixed Ahead Of Fed Rates Decision; Oil Soars
Oil prices soared after producers agreed to reduce output. South Korean stocks were little changed following the impeachment of the country's president.
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Nigeria Warned About Fresh Violence in Oil-Rich South
Nigeria was on Tuesday warned that violence could resume in the oil-producing south, exacerbating pressure on already stretched resources by Boko Haram in the north,and reduced crude revenues.
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South Sudan Ceasefire Under Threat as Fighting Erupts
Government troops clashed with South Sudan rebels on Friday near the capital of the oil producing Unity State, a U.N. official said, days after a U.N. Security Council delegation warned of sanctions if either side violated a ceasefire signed in May.
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South Asia monsoon seen below-average to average in 2014: experts
Poor monsoons could dent crop output in India - the world's No.2 rice and sugar producer, while less rains in soybean areas could make the country, already the world's top importer of cooking oils, more dependent on overseas purchases.
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Tata group, JSPL coal blocks reclaimed over delay
The Tata group, in partnership with South Africa's Sasol Ltd, was planning to invest $10 billion in a project to convert low-quality coal into oil starting 2018. Jindal Steel was allocated the block in early 2009 for it to produce 80,000 barrels of oil per day.
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Troops clash in South Sudan, African states mediate
South Sudanese government troops battled to regain control of a flashpoint town and sent forces to quell fighting in a vital oil producing area on Thursday.
-
India To See $58 Billion Investment In Producing Oil, Gas; Chevron, Exxon Keen To Invest: Minister
India, the world's third biggest oil-consuming and importing nation, is looking to raise domestic output to help cut down reliance on costly imports.
-
World's Newest Oil Producer Sends First Cargo Of Crude To India
The first cargo from new oil producer Guyana to the world's third-largest crude importer, India, departed this month from a production facility off the South American nation's coast in a vessel chartered by trading firm Trafigura, data from Refinitiv Eikon showed on Tuesday.
-
Government Allows UAE's ADNOC To Export Oil From Strategic Reserve
Allowing ADNOC to export its oil mirrors a model adopted by countries such as Japan and South Korea which allow oil producers to re-export crude storage.
-
US Agrees To India, 7 Nations Buying Iran Oil Despite Sanctions: Report
The U.S. has agreed to let eight countries -- including Japan, India and South Korea -- keep buying Iranian oil after it reimposes sanctions on the OPEC producer on Nov. 5, a senior administration official said. While the Trump administration's goal remains to choke off revenue to Iran's economy, waivers are being granted in exchange for continued ...
-
Asian Shares Mixed Ahead Of Fed Rates Decision; Oil Soars
Oil prices soared after producers agreed to reduce output. South Korean stocks were little changed following the impeachment of the country's president.
-
Nigeria Warned About Fresh Violence in Oil-Rich South
Nigeria was on Tuesday warned that violence could resume in the oil-producing south, exacerbating pressure on already stretched resources by Boko Haram in the north,and reduced crude revenues.
-
South Sudan Ceasefire Under Threat as Fighting Erupts
Government troops clashed with South Sudan rebels on Friday near the capital of the oil producing Unity State, a U.N. official said, days after a U.N. Security Council delegation warned of sanctions if either side violated a ceasefire signed in May.
-
South Asia monsoon seen below-average to average in 2014: experts
Poor monsoons could dent crop output in India - the world's No.2 rice and sugar producer, while less rains in soybean areas could make the country, already the world's top importer of cooking oils, more dependent on overseas purchases.
-
Tata group, JSPL coal blocks reclaimed over delay
The Tata group, in partnership with South Africa's Sasol Ltd, was planning to invest $10 billion in a project to convert low-quality coal into oil starting 2018. Jindal Steel was allocated the block in early 2009 for it to produce 80,000 barrels of oil per day.
-
Troops clash in South Sudan, African states mediate
South Sudanese government troops battled to regain control of a flashpoint town and sent forces to quell fighting in a vital oil producing area on Thursday.
