Oil & gas
Opec extends output cut by nine months
25 May 2017
The markets now fluctuate between an Opec gain and the rise in shale oil production, with prices moving in a narrow range
UP police bust petrol pump scam with pan-India link
23 May 2017
The scamsters use a remote-controlled chip in petrol pumps to dispense only 940 ml for every 1 litre the customer pays for, and credit the remaining 60 ml to the pump owner’s account, thus generating around Rs800 crore for pump owners in UP alone
Oil prices dip on Trump move to sell strategic reserves
23 May 2017
The US strategic petroleum reserves stand at around 688 million barrels, a week's worth of global oil demand, and releasing half of these to already high and rising US production of 9.3 million bpd would worsen the glut
India-Opec dialogue: Pradhan seeks shift from 'Asian premiums' to `Asian dividend'
22 May 2017
Opec should work towards `Responsible Pricing’ instead of chasing the market, he said, adding that this is important for India and other Asian countries for socio-economic and developmental reasons
Diesels pollute more than lab tests detect
16 May 2017
