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Oil prices up as traders weigh demand and supply issues linked to COVID-19 lockdown in China
World

Oil prices up as traders weigh demand and supply issues linked to COVID-19 lockdown in China

Markets in Asia were largely up, with Japan's Nikkei 225 gaining over a per cent in early trade, with brokers staying optimistic over a falling yen for a third straight day

Sanctions on Russia may result in impairment losses for Indian energy companies, says Moody's
Business

Sanctions on Russia may result in impairment losses for Indian energy companies, says Moody's

Indian firms have invested $16 billion in Russian assets such as the Sakhalin-1 oil and gas field in the far east

Germany seals energy deal with Qatar as it looks to wean off from Russian gas
World

Germany seals energy deal with Qatar as it looks to wean off from Russian gas

Berlin has come in for criticism over its opposition to an immediate embargo being imposed on Russian energy supplies as a means of choking off a major source of Moscow's foreign earnings

Convinced, Russian forces will attack Ukraine in coming week, says Joe Biden
Photos

Convinced, Russian forces will attack Ukraine in coming week, says Joe Biden

The US President said they are doing everything in their power to remove any reason that Russia may give to justify invading Ukraine and prevent them from moving in

Oil India exits US shale venture, sells 20 percent stake for $25 million
Business

Oil India exits US shale venture, sells 20 percent stake for $25 million

OIL and Indian Oil Corporation (IOC) had together in October 2012 bought a 30 percent stake in Houston-based Carrizo Oil & Gas's Niobrara shale asset in Colorado for USD 82.5 million

India likely to release oil from petroleum reserves: What they are and why they are set up
India

India likely to release oil from petroleum reserves: What they are and why they are set up

Amid talk of India releasing oil from its petroleum reserves in tandem with the US, here’s a look at what we know about it.

COP26: Five takeaways from the first day of the biggest climate summit that you need to know
World

COP26: Five takeaways from the first day of the biggest climate summit that you need to know

It remains unclear whether the two biggest emitters, China and the United States, can move past tensions over trade and human rights to work together.

Oil prices surge again as OPEC+ decides against boosting output to ease inflation
World

Oil prices surge again as OPEC+ decides against boosting output to ease inflation

Some economists are worried that sustained oil prices of $80 per barrel could undermine the recovery of the global economy, already under strain from snags in supply chains.

How much of the world’s energy comes from fossil fuels? Can renewables replace it all?
World

How much of the world’s energy comes from fossil fuels? Can renewables replace it all?

Fossilisation of trees moved enormous amounts of carbon from the air to underground, leading to a decline in atmospheric CO₂ levels

Most coal, oil and gas reserves need to stay underground if Paris agreement goals are to be met
science

Most coal, oil and gas reserves need to stay underground if Paris agreement goals are to be met

Burning fuels for electricity, transportation and other uses are the chief driver of climate change, pulling long-buried carbon in fossil fuels out of the ground and depositing that carbon into the atmosphere as carbon dioxide.

Abdul Rashid Dostum meets Ashraf Ghani; who is the former warlord, why is he talking to Afghan president?
World

Abdul Rashid Dostum meets Ashraf Ghani; who is the former warlord, why is he talking to Afghan president?

The former vice president of Afghanistan, Abdul Rashid Dostum has been accused of perpetrating war crimes and rape in Afghanistan and has served as vice president of the country for over six years since 2013

Taliban seizes seventh Afghan provincial capital, in less than a week, across northern Afghanistan
World

Taliban seizes seventh Afghan provincial capital, in less than a week, across northern Afghanistan

A provincial lawmaker told AFP the insurgents had taken Farah city, while a Taliban spokesman posted pictures of fighters walking casually past the gates of the police headquarters and governor's office

Saudi Aramco's profit surges to $25.46 bn in Q2, half-year earning climbs to $47 bn
World

Saudi Aramco's profit surges to $25.46 bn in Q2, half-year earning climbs to $47 bn

The majority State-owned oil company confirmed in its earnings report that its performance in the second quarter of 2021 'was primarily driven by higher crude oil prices'

'Wholly disappointed': SC stays NGT order forming panel on Assam’s Baghjan oil well fire
India

'Wholly disappointed': SC stays NGT order forming panel on Assam’s Baghjan oil well fire

The Supreme Court slammed the NGT for making the managing director of Oil India Ltd, which has been accused of polluting the wetlands in the state, a member of the committee probing the Baghjan oil well fire

Arab-India Energy Forum: New Delhi's reliance on oil from West Asia unlikely to wane; here's why
India

Arab-India Energy Forum: New Delhi's reliance on oil from West Asia unlikely to wane; here's why

India has a voracious appetite for oil. Indeed, New Delhi is the world's third largest consumer of black gold (after the big boys United States and China

Sensex rises advances 100 points in early trade; Nifty above 15,200; HDFC, Reliance Industries lead gains
Business

Sensex rises advances 100 points in early trade; Nifty above 15,200; HDFC, Reliance Industries lead gains

Titan was the top gainer in the Sensex pack, advancing nearly 2 percent, followed by Sun Pharma, M&M, L&T, Bajaj Finserv, HUL and Asian Paints

Stop new fossil fuel projects to reach net-zero carbon emissions by 2050: IEA report
World

Stop new fossil fuel projects to reach net-zero carbon emissions by 2050: IEA report

Overall, fossil fuels are set to account for only around a fifth of the energy supply by 2050, down from almost four-fifths currently.

Despite lockdowns, emissions from use of oil, gas, coal were higher in Dec 2020 than 2019: Study
World

Despite lockdowns, emissions from use of oil, gas, coal were higher in Dec 2020 than 2019: Study

The right energy policies could ensure the historic opportunity to make 2019 the definitive peak in global emissions, is not wasted, experts said.

Market roundup: Sensex reclaims 51,000 mark, Nifty above 15,000 level; banks, metals lead charge
Business

Market roundup: Sensex reclaims 51,000 mark, Nifty above 15,000 level; banks, metals lead charge

The top 5 gainers at the Bombay Stock Exchange were Bajaj Finsv, Reliance, Bajaj Finance, ICICI Bank and HDFC, while the top losers were Mahindra and Mahindra, Maruti, and Bajaj-Auto

Oil India Limited officer admit card 2020 released at oil-india.com; how to download hall ticket
Sports

Oil India Limited officer admit card 2020 released at oil-india.com; how to download hall ticket

The Oil India Limited officer recruitment admit card will be available for download up to 5 pm on 25 December