Saudi Arabia will only freeze output if others do
Saudi Arabia will only freeze the level of its oil production if all other major producers, including Iran, do so, Bloomberg reported on Saturday, citing Saudi deputy crown prince Mohammed bin Salman.
Apr 16, 2016, 18:31 PM IST
BP to cut 4,000 jobs amid oil price plunge
The cuts in BP's upstream business globally will include the loss of some 600 jobs in the North Sea.
Jan 12, 2016, 19:53 PM IST
India's oil import bill likely to dip 35% in FY'16
India's crude oil import bill is likely to dip by 35 percent to USD 73 billion this fiscal as global energy prices slumped on weak demand.
Nov 25, 2015, 19:15 PM IST
ONGC sees 20-30% lower capex next fiscal on crude price slump
ONGC will maintain its capex plan for this year at the same level as last year at about Rs 30,000 crore, its chairman Dinesh K Saraf has said.
Nov 24, 2015, 21:15 PM IST
Diesel price cut by Rs 1.30 per litre; petrol by 80 paise
The public sector oil marketing companies have announced a cut in petrol price by 80 paise per litre and in diesel by Rs 1.30 a litre here, in line with a softening trend in international markets.
Apr 15, 2015, 17:39 PM IST
Crude falls below $69 per barrel as price rout rolls on
Brent crude slipped below $69 a barrel on Friday, on track to finish the week below $70 a barrel for the first time since 2010, as cuts to official selling prices from Saudi Arabia added to recent pressure.
Dec 05, 2014, 22:04 PM IST
Oil down after Saudi Arabia slashes crude price
Oil fell in Asian trade on Friday after major producer Saudi Arabia slashed the price of the crude it sells to Asia and the United States, analysts said.
Dec 05, 2014, 11:15 AM IST
