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Kuwait eyes pie in IOC Paradip refinery

Jul 28, 2014 at 03:42 | Source: Calcutta Telegraph News

New Delhi, July 27: Oil-rich Kuwait is in talks with Indian Oil Corporation (IOC) to invest in its Paradip refinery project. Sources said the Gulf nation was also keen on picking up a stake in the proposed petrochemical project. “We are discus...

Tanker Carrying Oil From Kurdistan Arrives Off U.S. Coast

Jul 26, 2014 at 04:00 | Source: Bloomberg

A ship carrying crude from Iraq's Kurdistan region is off the coast of Florida, with the future of the oil aboard murky because of uncertainty over who has the right to sell it. The United Kalavryta is operated by Unicom Management Services L...

Tanker Carrying Oil From Kurdistan Arrives Off US Coast

Jul 26, 2014 at 04:00 | Source: Business Week

A ship carrying crude from Iraq's Kurdistan region is off the coast of Florida, with the future of the oil aboard murky because of uncertainty over who has the right to sell it. The United Kalavryta is operated by Unicom Management Services L...

Brent Gains on Russia Tension as WTI Trades Near $102

Jul 26, 2014 at 00:00 | Source: Bloomberg

West Texas Intermediate crude traded near $102 and Brent climbed as the intensifying conflict in eastern Ukraine raised tension between Russia and the West. Russia, the world's biggest energy exporter, said U.S. accusations that it supplied a...

WTI Oil Trades Near $102, Brent Gains on Russia Tension

Jul 25, 2014 at 22:00 | Source: Bloomberg

West Texas Intermediate crude erased a 1 percent decline to trade near $102 a barrel on the New York Mercantile Exchange. Brent advanced. WTI for September delivery dropped 8 cents to $101.99 a barrel at 10:59 a.m. in New York. Futures ranged from&am...

WTI Crude Falls to 1-Week Low on Rising U.S. Fuel Supply

Jul 25, 2014 at 19:59 | Source: Bloomberg

West Texas Intermediate crude fell to a one-week low on speculation that increasing U.S. fuel inventories will prompt refineries to reduce processing rates. Brent oil was steady as fighting continued in eastern Ukraine. U.S. gasoline supplies rose to...

Brent Crude Back In Range Trading

Jul 25, 2014 at 16:00 | Source: Wall Street Journal

LONDON—Brent crude has re-entered a trading range after spiking last month, when it shot up close to $116 a barrel on fears that Iraqi supplies could be affected by militant action. Oil has continued to flow, and the risk premium has now dissipated...

Liberian man in Lagos being tested for Ebola

Jul 25, 2014 at 05:30 | Source: FirstPost

LAGOS (Reuters) - A Liberian man is being tested for the deadly Ebola virus after he collapsed on arrival at an airport in Nigeria's commercial capital Lagos, a mega-city of 21 million people, the Lagos State Health Ministry said on Thursday.Ebola ha...

WTI Crude Declines After U.S. Gasoline Supplies Rise

Jul 24, 2014 at 16:00 | Source: Bloomberg

West Texas Intermediate swung between gains and losses after U.S. government data showed crude supplies at the delivery point for New York contracts shrank to the lowest level since 2008. Brent was steady in London. Futures were little changed in New...

India Diversifying its Sources of Crude Oil Imports: Oil Minister

Jul 23, 2014 at 16:00 | Source: NDTV Profit

New Delhi: India is diversifying its sources of crude oil imports to reduce dependence on any one region, Oil Minister Dharmendra Pradhan told Rajya Sabha on wednesday. Replying to supplementaries during question hour, he said India is diversifying i...

India's January-June Oil Imports Climb by One-Third: Report

Jul 23, 2014 at 16:00 | Source: NDTV Profit

India's crude imports from Iran rose by a third in the first half of the year, data from trade sources showed, after the shipments were boosted following an interim deal to slow Tehran's nuclear activity and ease Western sanctions. In...

Suicide attack escalates violence as Libya's oil output slips

Jul 23, 2014 at 11:14 | Source: FirstPost

Benghazi: A twin suicide bombing at a Libyan army base in Benghazi killed at least four solders in an escalation of clashes between Islamist militants and regular forces battling to oust them from the eastern city.A first attacker blew himself up at ...

India Cuts Down Dependence on Iran Oil: Report

Jul 22, 2014 at 22:00 | Source: NDTV Profit

New Delhi: India has cut its reliance on Iran for meeting its oil needs to less than 6 per cent as it raised imports from countries like Columbia and Mexico. The country imported 11 million tonnes of crude oil from Iran in the fiscal year ended March...

India cuts down dependence on Iran oil

Jul 22, 2014 at 17:36 | Source: FirstPost

New Delhi: India has cut its reliance on Iran for meeting its oil needs to less than 6 percent as it raised imports from countries like Columbia and Mexico.India imported 11 million tonnes of crude oil from Iran in the fiscal year ending 31 March 201...

WTI Rises for Second Day Before Stockpiles Data; Brent Steady

Jul 22, 2014 at 14:00 | Source: Bloomberg

West Texas Intermediate rose for a second day before stockpile data that may signal the strength of fuel demand in the U.S., the world's biggest oil consumer. Brent was steady in London. Futures climbed as much as 0.5 percent in New York. Cru...

Oil Prices Pause for Breath

Jul 21, 2014 at 16:01 | Source: Wall Street Journal

Oil futures showed little movement Monday, after several weeks of contradictory factors left the market uncertain over where the next driver would come from. Brent crude for September delivery fell 0.1% to $107.15 a barrel on ICE Futures Europe, whil...

Reliance profit tops forecast

Jul 20, 2014 at 03:21 | Source: Calcutta Telegraph News

Mumbai, July 19: Reliance Industries Ltd (RIL) today beat Street estimates for the first quarter ended June 30, backed by a stable refining business and inclusion of its US shale gas numbers in the consolidated figures. The private sector giant post...

Crude Posts First Weekly Gain in a Month on Ukraine

Jul 19, 2014 at 03:53 | Source: Bloomberg

West Texas Intermediate crude capped its first weekly gain in a month after a Malaysia Airlines passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip. WTI has climbed 3.2 percent since July 15, when it dropped below $1...

Crude Posts First Weekly Gain in a Month on Ukraine

Jul 19, 2014 at 03:53 | Source: Business Week

West Texas Intermediate crude capped its first weekly gain in a month after a Malaysia Airlines passenger jet was downed in Ukraine and Israel sent ground forces into the Gaza Strip. WTI has climbed 3.2 percent since July 15, when it dropped below $1...

Indian actor Farhan Akhtar's campaign for women's rights

Jul 19, 2014 at 03:32 | Source: BBC

Bollywood actor-director Farhan Akhtar is promoting a campaign called MARD - Men Against Rape and Discrimination - to get Indian men to respect women at a time when the country is outraged over cases of brutal violence against women. He spoke to the ...

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