Edition:
United States

Nidhi Verma

OPEC urges producers to ramp up investment amid shrinking spare oil capacity

5:54am EDT

NEW DELHI OPEC Secretary-General Mohammad Barkindo on Tuesday urged oil producing companies to increase capacities and invest more to meet future demand as spare oil capacity shrinks worldwide.

REFILE-OPEC says India oil demand to rise by 5.8 mln bpd by 2040

3:22am EDT

NEW DELHI, Oct 16 India's oil demand is expected to rise by 5.8 million barrels per day (bpd) by 2040, accounting for about 40 percent of the overall increase in global demand during the period, OPEC's secretary general said on Tuesday.

MRPL expects India to get waiver from U.S. sanctions on Iran this month: official

2:15am EDT

NEW DELHI India's Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

UPDATE 1-MRPL expects India to get waiver from U.S. sanctions on Iran this month - official

2:13am EDT

NEW DELHI, Oct 16 India's Mangalore Refinery and Petrochemicals Ltd (MRPL) expects India to get a waiver from U.S. sanctions on Iranian oil exports this month, a company official said on Tuesday.

India's Petronet LNG says talks to invest in Qatar have slowed

Oct 15 2018

NEW DELHI India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down," as the company had not been able to reach an agreement on pricing with the Middle Eastern nation.

India's Petronet LNG says talks to invest in Qatar have slowed

Oct 15 2018

NEW DELHI, Oct 15 India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had "slowed down," as the company had not been able to reach an agreement on pricing with the Middle Eastern nation.

Saudi to meet India's oil demand, absorb supply shocks -Falih

Oct 15 2018

NEW DELHI Saudi Arabia is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market, Energy Minister Khalid al-Falih said on Monday.

Saudi oil output expected to rise, will meet India's demand: Falih

Oct 15 2018

NEW DELHI Saudi Arabia, the world's biggest oil exporter, said on Monday it is committed to meeting India’s rising oil demand as the Kingdom expects its oil production to rise next month from the current 10.7 million barrels per day, Saudi Energy Minister Khalid al-Falih said on Monday.

Record fuel prices hit Indian petrol, diesel demand in September

Oct 12 2018

NEW DELHI India's monthly diesel consumption fell for the first time in 10 months year-on-year in September, while petrol sales grew by the least in four months as record high pump prices dented demand, government data showed on Friday.

India to raise import tariffs on electronic and communication items

Oct 11 2018

NEW DELHI/MUMBAI India said on Thursday it will raise import tariffs on several electronic items and communication devices, in another move to rein in imports and bolster a falling rupee.

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