Best of Davos 2016 - Part 1
Jan 23, 2016
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.
On August 11, 2016 23:18 (IST)
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.
On August 08, 2016 18:26 (IST)
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.
On August 02, 2016 23:32 (IST)
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.
On August 02, 2016 22:09 (IST)
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.
On July 26, 2016 16:12 (IST)
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.
On July 04, 2016 12:36 (IST)
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.
On June 14, 2016 23:44 (IST)
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.
On June 06, 2016 12:45 (IST)
Oil minister said on Monday that the government was ready to help with the revival of projects including Nagarjuna Oil Refinery Ltd.
On June 05, 2016 20:42 (IST)
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.
On June 05, 2016 13:59 (IST)
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.
On June 03, 2016 20:06 (IST)
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.
On June 03, 2016 15:43 (IST)
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.
On May 11, 2016 18:47 (IST)
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.
On May 09, 2016 15:24 (IST)
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.
On May 08, 2016 17:24 (IST)
Saudi Arabia's new energy minister on Sunday pledged to maintain the kingdom's oil policy, after being named in a major government overhaul.
On May 06, 2016 17:53 (IST)
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.
On May 06, 2016 13:55 (IST)
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.