With severe economic sanctions against Iran by the West hitting its oil procurement from there, India is looking out and is in talks with Tajikistan to import oil to meet

Oil was up in Asia today, buoyed by strong Japanese equities as the market recovered from a downbeat US jobs report, analysts said.

New York's main contract, light sweet crude

India may slash import of crude oil from Iran by as much as 27 per cent this fiscal because US and European sanctions have made it difficult to ship oil

Private oil refiners such as Essar Oil and Reliance Industries may not sell any fuel to state-owned oil firms if the government changes the way petrol and diesel are priced.

Petrol price may be reduced by about Rs 1 per litre while diesel price may be hiked by 40-50 paisa a litre from March 15/16.
While petrol prices are being

State-owned Oil India Ltd today said it has paid over Rs 518 crore as interim dividend for the current fiscal to the government.
OIL, which had paid a total dividend

Natural gas supplies from Reliance Industries' KG-D6 block to power plants has completely stopped after output from the eastern offshore fields dropped to an all-time low.
Beginning this week, none

Brent crude futures slipped towards $110 per barrel on Monday, extending their more than 7 percent drop of the past three weeks, hurt by concerns a fiscal crisis in the