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Oil prices up over 2% after drone attack on UAE's nuclear power plant

New Delhi, May 18 -- Oil prices climbed sharply on Monday after a drone attack near a nuclear power plant in the UAE heightened fears of fresh hostilities in West Asia. At 7:20 am, the July contract ... Read More


Govt imposes export duty on petrol, cuts levy on diesel, jet fuel exports

New Delhi, May 15 -- The Union finance ministry on Friday imposed an export duty on petrol of Rs.3 per litre, showed a notification from the department of revenue. However, it lowered the levy on the... Read More


Days after state polls, OMCs raise petrol, diesel prices by Rs.3 a litre

New Delhi, May 15 -- After over two years of putting prices on hold, state-run oil marketing companies (OMCs) on Friday raised prices of petrol and diesel around Rs.3 and a litre. The price hike come... Read More


Donald Trump meeting with Xi Jinping in China steadies oil markets amid fresh Gulf attacks

New Delhi, May 14 -- Global oil markets remained relatively calm on Thursday as US President Donald Trump and Chinese President Xi Jinping met in Beijing amid expectations of a diplomatic breakthrough... Read More


After PM's appeal, power ministry asks PSUs to promote work from home, cut foreign travel

New Delhi, May 14 -- The Union power ministry has advised public sector units (PSUs) under its administrative control to promote work from home and reduce employees' foreign travel after Prime Ministe... Read More


Oil prices subdued, investors await outcome of Trump-Xi meet

New Delhi, May 14 -- Global oil prices traded flat on Thursday morning ahead of the much-anticipated meeting between the US and Chinese presidents in Beijing. At 7:40 am, the July contract of Brent o... Read More


Oil prices ease after rising in three consecutive sessions, Brent still around $107/bbl

New Delhi, May 13 -- Global crude prices traded on a subdued note on Wednesday morning after rising around 8% over the previous three sessions. Around 7:50 AM, the July contract of Brent on the Inter... Read More