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

While the government has sent RIL's $0. 135 marketing margin on the sale of KG-D6 gas to the oil regulator for approval the Mukesh Ambani-led company has proposed to

State-owned oil companies today snapped supplies of jet fuel (ATF) to Air India after the national carrier failed to honour payments even after 90-day credit period.

"All three oil companies

Oil prices hovered below $98 a barrel today in Asia amid mixed signs about the strength of US crude demand.

Benchmark crude for March delivery was down 1 cent at