The “Indian Petroleum & Natural Gas Statistics” presents updated comprehensive statistics on various aspects of Indian Petroleum & Natural Gas sector. The data on international developments in respect
Jeddah: Two days after inflation figures threw up a 13-year high of 11.05%, largely attributed to the hike in fuel prices, finance minister P Chidambaram cautioned oil producers that they would also suffer in case the global economy slows down or slips into recession due to high oil prices. India, he said, had passed on barely 9% of the required price increase to customers three weeks ago and the result was that inflation crossed 11%. Even oil producing countries like Indonesia, Russia, Saudi Arabia and Venezuela face double digit inflation up to 29.3%.
By PAUL KRUGMAN Blaming environmentalists for high energy prices, never mind the evidence, has been a hallmark of the Bush administration. Skip to next paragraph Paul Krugman Go to Columnist Page
Matthew Green Nigerian militants have forced Royal Dutch Shell to shut down one of Africa's biggest oilfields after launching the first attack of its kind on a giant deepwater production vessel floating more than 100 km offshore. Shell said it had shut-in production at the facility
The Rs 31,000-crore refinery and petrochemical plant being planned by Oil and Natural Gas Corporation (ONGC) in Kakinada in Andhra Pradesh is likely to have a new partner
Why the Saudis are worried about the high price of crude
It's just over a month since the US government designated the polar bear as an endangered species. Now the Fish and Wildlife Service (FWS) stands accused of giving oil companies a "blank cheque to harass polar bears".
The government is set to amend a clause of the SEZ laws to allow it to build strategic petroleum reserves totalling five million metric tonnes in the SEZ notified areas without being bound by any export obligations. The amendment would waive the requirement to export oil from its reserves to be built in the notified SEZ areas.
If the impending taxi strike was not enough, here comes another strike, which is set to hit both commuters and car owners hard. The West Bengal Petroleum Dealers Association has called a three-day strike in all the 2,000 odd petrol pumps in the state and the city from 30 June onwards in protest against the alleged "forcible supply' of costly branded fuels by an oil Public Sector Undertaking (PSU).
SIDDHARTH VARADARAJAN Two books analyse the outlook of international oil and the shifting terrain of world power UNITED STATES FOREIGN OIL POLICY SINCE WORLD WAR I
ongc's seismic surveys in an oilfield in Assam have caused damage to an 18th century amphitheatre, say Sibsagar township residents who plan large-scale protests against the oil giant. An
