Oil & gas
Govt further hikes excise duty on petrol and diesel
02 Dec 2014
The excise duty hike is expected to yield an additional Rs4,000 core in the remaining part of the current fiscal and, along with the Rs6,000 crore expected from the earlier hike in excise duty, would fetch the government an additional Rs10,000 crore
Russia to scrap South Stream gas pipeline
02 Dec 2014
Warren Buffet’s Lubrizol to buy two units of Weatherford for $750 mn
02 Dec 2014
The acquisitions of these two businesses will give Lubrizol a more significant footprint in the $20-billion oilfield chemicals business
Commercial LPG prices slashed; petrol, diesel too cost less
01 Dec 2014
State-run oil and gas marketing companies have announced a sharp reduction of over Rs130 per non-subsidised cylinder of LPG
Oil wilts as OPEC stands by Saudi decision not to cut production
28 Nov 2014
To compete with US shale oil, production of which would be viable for a price of anywhere between $40 to $60 a barrel, OPEC has to allow for lower prices, feels Saudi Arabia, OPEC’s biggest oil producer
OPEC may decide on production curbs at tomorrow’s meet
26 Nov 2014
OPEC looks set for a compromise decision on restricting production and supply of oil, as the OPEC basket of crude fell to a low of $74.28 a barrel
Jindal Steel shelves $10-bn coal-to-diesel project: report
24 Nov 2014
Jindal, which used to own some of these coal blocks scrapped by the Supreme Court, will now have to deposit about Rs3,000 crore with the government by December as a levy for the coal it has dug out from the mines that now stand cancelled
