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
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
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.
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
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
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 ...
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
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 ...
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.
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
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