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22 Aug 2020

Oil majors begin offshore evacuations as storms take aim at Gulf of Mexico

The tropical cyclones churning toward the Gulf of Mexico could both could make landfall as hurricanes next week, an extremely rare event that could cause massive disruption from Texas to the Florida Panhandle.

Dharmendra Pradhan

08 Jun 2015

India to start filling strategic oil reserve this month: Govt

India will start keeping a strategic oil reserve from this month, which would be located at Visakhapatnam in Andhra Pradesh, Union Minister for Petroleum and Natural Gas Dharmendra Pradhan said Monday.

07 Apr 2015

Oil prices down in Asian trade

Oil prices fell on profit-taking in Asia Tuesday after rallying in the previous session owing to doubts the nuclear agreement between Iran and global powers will immediately boost Tehran`s crude exports, analysts said.

19 Mar 2015

India to advantage of low prices to fill strategic oil reserves

Taking advantage of lower oil prices, India will next month begin filling up its maiden strategic oil reserves to insulate itself from supply disruptions.

12 Sep 2014

India to have 4 more strategic oil reserves: Pradhan

The project envisages to store eight days' requirement of crude oil in the country.

22 Jun 2014

Iraq conflict threatens vital growth of oil sector: analysts

The IEA has cut its growth outlook for Iraq by around half a million barrels to 4.29 million bpd by 2018, citing concerns about security, infrastructure and corruption.

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