JPMorgan quarterly profit falls 6.7% hurt by drop in investment banking revenue
JPMorgan Chase & Co, the biggest US bank by assets, reported a 6.7 percent drop in quarterly profit as costs to cover possible sour loans to troubled shale oil companies rose and revenue from trading and investment banking declined.
Apr 13, 2016, 17:23 PM IST
Oil PSUs get a free hand, can choose companies for crude buy
In a bid to improve operational efficiency, the government Wednesday gave freedom to public sector oil firms to have their own independent crude import policy based on their commercial requirements.
Apr 06, 2016, 17:55 PM IST
Petrol gets cheaper by Rs 3.02 per litre; diesel becomes costlier by Rs 1.47 per litre
Petrol in Delhi will cost Rs 56.61 litre from tomorrow as against Rs 59.63 a litre currently. Similarly, diesel will be priced at Rs 46.43 per litre from tomorrow as compared to Rs 44.96 currently.
Feb 29, 2016, 18:32 PM IST
Petrol price cut by 32 paise per litre; diesel gets costlier by 28 paise
Petrol in Delhi will cost Rs 59.63 per litre from tomorrow as against Rs 59.95 a litre currently.
Feb 17, 2016, 18:32 PM IST
Exxon's profit tumbles 58%, slashes capex by one-quarter
Exxon Mobil Corp on Tuesday reported its smallest quarterly profit in more than a decade and said it will cut 2016 spending by one-quarter and suspend share repurchases as it copes with a prolonged downturn in crude prices.
Feb 02, 2016, 23:00 PM IST
Arun Jaitley says it helps Indian economy, as oil falls below $40
"It has enabled us to absorb the loss that our own oil companies were facing because of future purchases. It has also kept inflation under control, which, in turn, has helped the Reserve Bank to ease up the rates," Jaitley told reporters.
Nov 17, 2015, 17:15 PM IST
Diesel price hiked by 50 paise a litre; no change in petrol price
Oil companies on Wednesday hiked the price of diesel by 50 paise per litre with effect from midnight tonight but kept the price of petrol unchanged.
Sep 30, 2015, 22:52 PM IST
ONGC swamped with offers for hiring deep sea rigs
With the sharp cut in investments by global oil majors leaving drilling rigs with no business, state-run Oil and Natural Gas Corp (ONGC) has been swamped with offers in a tender it floated for hiring five deep sea rigs for its KG-basin gas block campaign.
Sep 27, 2015, 13:15 PM IST
Oil companies seek cut in cess on crude
State-owned oil producers ONGC and Oil India as well as private sector Cairn India have asked the government to cut cess on crude oil they have to pay in view of slump in prices.
Sep 21, 2015, 14:25 PM IST
OVL shortlisted for Mexican oil bid round
According to Mexico's National Hydrocarbons Commission, 14 bidders have been pre-qualified for the second phase of the Round One tender, the country's first licensing round in 88 years.
Aug 23, 2015, 12:27 PM IST
No more hunting for LPG dealers; you can soon apply for connection online
The facility will be available on the government's LPG portal Pahal as well as on the websites of each oil company.
Aug 21, 2015, 10:21 AM IST
Petrol prices slashed by Rs 1.27/litre; diesel by Rs 1.17
Petrol price was Friday cut by Rs 1.27 per litre and diesel by Rs 1.17 a litre, the second reduction in rates this month following global cues.
Aug 14, 2015, 23:40 PM IST
Petrol, diesel price reduction: Here is the fuel chart of 4 metro cities
Petrol price has been cut by Rs 2.43 per litre and diesel by Rs 3.60 a litre, the third reduction in rates this month.
Aug 01, 2015, 18:00 PM IST
Relief for middle class as petrol, diesel, non-subsidised LPG become cheaper
Petrol in Delhi will cost Rs 64.47 per litre instead of Rs 66.90 at present, while a litre of diesel will cost Rs 46.12 as against Rs 49.72 currently.
Jul 31, 2015, 23:27 PM IST
Petrol prices cut by Rs 2.43 per litre; diesel by Rs 3.60
The new rates announced by the oil marketing companies will be effective from midnight tonight.
Jul 31, 2015, 22:11 PM IST
Petrol price hiked by 64 paise per litre; diesel cut by Rs 1.35
Petrol price was Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.
Jun 15, 2015, 21:59 PM IST
Petrol price hiked by 64 paise a litre, diesel price cut by Rs 1.35
For the third time in a row, oil companies on Monday hiked the price of petrol by 64 paise a litre. However, the price of diesel was cut by Rs 1.35 a litre.
Jun 15, 2015, 20:00 PM IST
State-run oil firms keen to snap up overseas assets: Minister
As many overseas oil and gas assets have become low-hanging fruit following the massive crash in crude prices, Oil Minister Dharmendra Pradhan on Friday said the government wants state-run oil companies to buy up assets abroad, particularly in Latin America.
May 15, 2015, 23:26 PM IST
Govt needs to reduce oil companies' burden over low margins: Fitch
Lower oil prices have reduced net margins of two state-owned upstream companies, Oil India Ltd and ONGC Ltd and the government needs to reduce the burden on them, credit rating agency Fitch said Friday.
May 08, 2015, 12:22 PM IST
Petrol prices hiked by Rs 3.96 a litre, diesel by Rs 2.37
Prices of petrol in Delhi will be Rs 63.16 a litre from Friday as against the current Rs 59.20; while diesel will cost Rs 49.57 per litre as against Rs 47.20, Indian Oil Corp (IOC), the nation's largest oil company, said.
Apr 30, 2015, 22:15 PM IST
