Best of Davos 2016 - Part 1
Jan 23, 2016
On January 12, 2017 13:12 (IST)
The Iraqi oil ministry said on Tuesday that it had cut its production by 160,000 barrels per day since the beginning of January. By the end of the month, production would be cut by 210,000 bpd, it said.
On December 06, 2016 13:39 (IST)
On the back of lower crude prices, Finance Minister Arun Jaitley had slashed petroleum subsidies in 2015-16 by 50 per cent to Rs 30,000 crore.
On December 01, 2016 08:43 (IST)
Saudi Energy Minister Khalid al-Falih said ahead of the meeting that the kingdom was prepared to accept "a big hit" on production to get a deal done.
On November 21, 2016 16:06 (IST)
Four Indian refiners had outstandings of $6.11 billion in May, 2016 when formal banking channels were opened with Iran after nearly four years. They came down to $2.55 billion as on November 15 after public sector refiners paid most of their dues to Iran, the oil minister said.
On November 19, 2016 18:33 (IST)
OPEC is moving closer towards finalising its first deal since 2008 to limit oil output, with most members prepared to offer Iran significant flexibility on production volumes, ministers and sources said.
On November 17, 2016 20:02 (IST)
Saudi Energy Minister Khalid al-Falih said he was optimistic OPEC would formalise a preliminary oil output deal reached in Algeria in September.
On October 23, 2016 19:25 (IST)
Saudi oil minister Khalid Al-Falih said at last week's Oil & Money conference in London, if OPEC had cut output in November 2014 to support prices, it would have had to do so again in 2015 and 2016.
On October 19, 2016 17:18 (IST)
Many nations are willing to join OPEC in cutting production to secure a continued improvement in oil prices, said Saudi Arabias Minister of Energy and Industry Khalid Al-Falih.
On October 17, 2016 22:35 (IST)
Nigerian oil minister Emmanuel Ibe Kachikwu said his country was likely to sign a cash-raising oil deal with India for $15 billion by the end of this year.
On October 13, 2016 13:24 (IST)
Government plans to more than double its liquefied natural gas (LNG) import capacity to 50 million tonnes in the next one year, Oil Minister Dharmendra Pradhan told a news conference on Thursday.
On October 10, 2016 15:14 (IST)
Many non-OPEC producers have expressed a willingness to work with the organization, according to the minister, who plans to meet his Russian counterpart in the next couple of days.
On September 30, 2016 23:31 (IST)
Oil Minister Dharmendra Pradhan had on August 31 said that the ministry, as per an order of the Delhi High Court which ONGC had approached to seek compensation for its gas, has one month to decide on the issue from the date of presentation of the report.
On September 21, 2016 20:15 (IST)
Oil Minister Dharmendra Pradhan said on Wednesday that the government is talking to the United Arab Emirates (UAE) and Saudi Arabia to fill half of the 1.5 million tonnes (MT) of the Mangalore strategic storage, along with Iranian crude.
On September 12, 2016 21:00 (IST)
India's oil demand growth is set to exceed 11 per cent this year as the world's third largest oil and gas consumer accelerates its economic development, Minister of Petroleum and Natural Gas Dharmendra Pradhan said on Monday.
On September 09, 2016 19:09 (IST)
Government on Friday said it plans to reduce crude oil import by 10 per cent by 2022 to ensure energy security with Oil and Petroleum Minister Dharmendra Pradhan highlighting the government's bid to achieve self-sufficiency by enhancing indigenous production of petroleum products.
On September 09, 2016 17:31 (IST)
Seeking to provide affordable energy to the Indian consumers, the government has introduced transparent policies through the deregulated market for global players to invest in refineries and petrochemical plants, Oil and Petroleum Minister Dharmendra Pradhan said here on Friday.
On September 06, 2016 15:55 (IST)
Oil Minister Dharmendra Pradhan on Tuesday urged the public sector undertakings to create startup funds on the lines of private sector in order to promote innovation and nurture new ideas in the energy sector.
On August 12, 2016 07:18 (IST)
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.