Saudi Arabia sees $138-bn budget deficit for 2015 as oil plummets

29 Dec 2015

Saudi Arabia, the world's top oil exporter, is running a record budget deficit for 2015 as low oil prices dented state revenues

BPCL’s new crude distillation unit in Mumbai dedicated to nation

28 Dec 2015

No LPG subsidy for those with income over Rs10 lakh

28 Dec 2015

The government’s subsidy payout on LPG in 2014-15 was Rs40,551 crore, which this fiscal is less than half as oil prices have slumped to six year low and the latest decision will further reduce the government’s subsidy bill

Petroleum products to be out of GST for some time: Arvind Subramanian

28 Dec 2015

Russian air force blows up thousands of ISIL oil trucks

26 Dec 2015

Nepal signs long-term fuel supply deal with China

26 Dec 2015

ONGC Videsh picks up stake in Russian oil fields

26 Dec 2015

Modi looks to deepen energy, defence ties with Russia

23 Dec 2015

India and Russia are likely to ink a number of pacts in sectors, including defence and nuclear energy, during the visit, the high point of which will be Thursday's 16th annual summit between the countries

ConocoPhilips divests stake in Russian joint venture, exits Russia after 25 years

23 Dec 2015

ONGC gets cabinet nod for conversion of Rs5,000-cr loan to OVL into equity

23 Dec 2015

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