A meeting of the Empowered Group of Ministers headed by Finance Minister Pranab Mukherjee that was scheduled for February 14 to consider changes in the natural gas allocation policy, has

Iran has agreed upon three Indian banks to accept 45 per cent of payment for its crude imports in rupees with both countries formulating mechanisms to avoid any problems in

Iran has agreed upon three Indian banks to accept 45 per cent of payment for its crude imports in rupees with both countries formulating mechanisms to avoid any problems in

An oil and gas operators' body, that boasts of who's who of industry from Reliance Industries to ONGC, has demanded that price of domestically produced natural gas should be indexed

Brent oil rose for a fifth straight session on Monday to settle at a six-month high as cold weather in Europe boosted heating fuel demand and pushed the crude's premium

The government has asked upstream oil firms like Oil and Natural Gas Corp (ONGC) to give about Rs 36,900 crore in fuel subsidy during April to December 2011, an official

Iran has given ONGC Videsh Ltd (OVL) a one-month deadline to sign the contract for the development of Farzad-B gas field in the Persian Gulf at an estimated investment of

India's Mangalore Refinery & Petrochemical Ltd (MRPL) sold its first spot petrol cargo in about eight months to Vitol, at a time of tight supplies, traders said on Monday.

It