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Oil Minister


'Oil Minister' - 483 News Result(s)

  • Asia Shares Rise After Wall Street Hits Record Highs

    Asia Shares Rise After Wall Street Hits Record Highs

    Supporting investor appetite for risk, oil prices climbed more than 4 percent overnight after a Saudi oil minister hinted towards possible action to stabilise prices and triggered a round of buying.

  • Oil Up 5% As Saudis Mull Meeting, Tighter Market Forecast

    Oil Up 5% As Saudis Mull Meeting, Tighter Market Forecast

    Oil prices rose about 5 per cent on Thursday after comments from the Saudi oil minister about possible action to stabilize prices triggered a round of buying and the International Energy Agency forecast crude markets would tighten in the second half of 2016.

  • ONGC, OIL Clear Air Over Auctions In Assam Via Ads: Government

    ONGC, OIL Clear Air Over Auctions In Assam Via Ads: Government

    Amid protests over the government taking away and auctioning a dozen oil and gas discoveries of ONGC and OIL in Assam to private firms, the two PSUs have sought to clear "misunderstandings" through advertisements, Oil Minister Dharmendra Pradhan said on Monday.

  • Government Not Considering Merger Of Oil PSUs

    Government Not Considering Merger Of Oil PSUs

    Oil MinisterDharmendra Pradhan on Tuesdaysaid his ministryis notconsidering any proposal to merge 13 oil PSUs like Oil and Natural Gas Corp (ONGC), Indian Oil Corporation (IOC) and GAIL to create a behemoth.

  • Oil Minister Favours Lower Cess For Explorers

    Oil Minister Favours Lower Cess For Explorers

    Oil Minister Dharmendra Pradhan on Tuesday favoured a proposal by explorers to cut a key levy linked to crude prices from the current 20 per cent.

  • ONGC, Cairn India Demand Halving Of Cess On Crude Oil

    ONGC, Cairn India Demand Halving Of Cess On Crude Oil

    State-owned ONGC and private sector Cairn India have demanded halving of cess on domestic crude oil production saying their burden has actually gone up after Finance Minister Arun Jaitley's Budget exercise aimed at reducing the levy.

  • Oil Rises As Market Seen In Balance, But Slow Asian Demand Hurts

    Oil Rises As Market Seen In Balance, But Slow Asian Demand Hurts

    Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed.

  • India Taking Lead To Create Alliance Of Gas Importers: Oil Minister

    India Taking Lead To Create Alliance Of Gas Importers: Oil Minister

    India is taking the lead for creating an alliance of gas importers across the world for "reasonable and affordable" pricing of the fuel, Union Oil Minister Dharmendra Pradhan said on Tuesday.

  • Government Ready To Help Revive Nagarjuna Oil Refinery: Oil Minister

    Government Ready To Help Revive Nagarjuna Oil Refinery: Oil Minister

    Oil minister said on Monday that the government was ready to help with the revival of projects including Nagarjuna Oil Refinery Ltd.

  • KG Basin To Attract Rs 1 Lakh Crore Investment: Oil Minister

    KG Basin To Attract Rs 1 Lakh Crore Investment: Oil Minister

    Stating that Krishna-Godavari Basin will become the hub of oil and gas reserves in the country in the coming years, Oil Minister Dharmendra Pradhan on Sunday said it is likely to attract new investments of Rs 1 lakh crore.

  • Higher Oil Prices May Create Adversity: Arun Jaitley

    Higher Oil Prices May Create Adversity: Arun Jaitley

    With crude oil prices touching a seven-month high of $50 per barrel, Finance Minister Arun Jaitley has said India can handle the current level but higher rates will impact the economy and lead to inflationary pressure.

  • Oil Minister Downplays Cut In Excise Duty On Petrol, Diesel

    Oil Minister Downplays Cut In Excise Duty On Petrol, Diesel

    With petrol and diesel prices rising by Rs 9-10 per litre since March, Oil Minister Dharmendra Pradhan on Friday downplayed possibility of an excise duty reduction to give relief to consumers saying there should not be any knee-jerk reaction.

  • Global Oil Giants Plan To Tap India's Retail Fuel Market

    Global Oil Giants Plan To Tap India's Retail Fuel Market

    Global oil majors including Saudi Aramco and Total plan to tap the retail fuel market in India, its oil minister said on Friday, reflecting the expanding role of the world's fastest-growing large economy on the global crude landscape.

  • Iran Ends Free Shipping Of Oil To India

    Iran Ends Free Shipping Of Oil To India

    Iran has ended free shipping of crude oil to India and has asked refiners like Mangalore Refineries (MRPL) and Essar Oil to arrange for freight, Oil Minister Dharmendra Pradhan said on Wednesday.

  • Petrol Price Cut 32 Times, Hiked 21 Times Since 2013

    Petrol Price Cut 32 Times, Hiked 21 Times Since 2013

    Prices of petrol have been reduced 32 times and increased 21 times whereas diesel rates slashed 19 times and raised 28 times since April 1, 2013, Commerce Minister Nirmala Sitharaman said on Monday.

  • Saudi Arabia Government To Maintain 'Stable' Oil Policies

    Saudi Arabia Government To Maintain 'Stable' Oil Policies

    Saudi Arabia's new energy minister on Sunday pledged to maintain the kingdom's oil policy, after being named in a major government overhaul.

  • India, Iran Agree To Clear $6.4 Billion In Oil Payments: Pradhan

    India, Iran Agree To Clear $6.4 Billion In Oil Payments: Pradhan

    The central banks of India and Iran have reached an arrangement to use European banks to process pending oil payments to Tehran, India's Oil Minister Dharmendra Pradhan told Reuters, unlocking $6.4 billion in stalled funds.

  • India To Gradually Move To Gas-based Economy, Dharmendra Pradhan Says

    India To Gradually Move To Gas-based Economy, Dharmendra Pradhan Says

    India plans to shift to a gas-based economy by boosting domestic production and buying cheap liquefied natural gas (LNG) as the world's third-biggest oil importer seeks to curb its greenhouse emissions, oil minister Dharmendra Pradhan said.