Oil

Oil clean-up crews replace bathers on Peru beaches

At Miramar Beach in Peru's popular resort of Ancon, there are no bathers despite the summer heat. Instead, it teems with workers in coveralls cleaning up an oil spill

Floating barriers to protect the beaches from drifting oil are seen at the resort town of Ancon, Peru, on 21 January, 2022

Edible oil price not to increase now, decides govt

The price of edible oil will not be increased until the integrated and uniform pricing system is finalised

Edible oil price not to increase now, decides govt

Stocks rebound on omicron hopes, oil rallies

European and US equities rebounded Monday on hopes that the omicron coronavirus variant might not be as damaging as initially feared.

Stocks rebound on omicron hopes, oil rallies

Top oil producers may freeze output amid Omicron concerns

Major oil producers are due to meet Thursday to decide on output levels from January onwards, which could be frozen as the new Covid variant Omicron sparks turmoil

A 3D-printed oil pump jack is seen in front of displayed OPEC logo in this illustration picture, 14 April 2020.

Fears over new Covid variant hit Asian markets, oil prices

Asian markets and oil prices sank while safe havens rallied on Friday over fears of a new Covid-19 variant that scientists warn could be more infectious than Delta and more resistant to vaccines

Fears over new Covid variant hit Asian markets, oil prices

US to release 50m barrels of oil from emergency reserve

US president Joe Biden announced Tuesday he has ordered the release of 50 million barrels of oil from the US strategic reserves in a coordinated attempt with other countries to tamp down soaring fuel ...

US to release 50m barrels of oil from emergency reserve

Fuel Price hike

Petrol pump, tank-lorry owners demand rise in commissions, transportation fares

Nazmul said they will go for action programme to realise their demands if the BPC fails to raise their commissions within a week or two

Oil tankers

Japan, India working on oil-stock release with US; Sources

Japanese and Indian officials are working on ways to release national reserves of crude oil in tandem with the United States and other major economies, but the timing of such a release remains ...

Japan, India working on oil-stock release with US, timing unclear: Sources

Reliance to reevaluate $15b stake sale to Saudi Aramco

India's Reliance Industries Ltd said on Friday it had decided with Saudi Aramco to reevaluate the oil giant's proposed roughly $15 billion investment in Reliance's oil-to-chemicals (O2C) business.

Reliance to reevaluate $15b stake sale in oil-to-chemicals arm to Saudi Aramco

Oil price

US discussing joint reserves release with China, others big countries

The US, however, did not ask the European Union for its participation, according to a source familiar with discussions, saying Europe’s primary problem has been related to higher natural gas prices

Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China on 22 October 2018
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