For 3rd time in 10 months, PESB fails to find new Oil India CMD

Last Updated: Thursday, September 10, 2015, 17:57

The Public Enterprise Selection Board (PESB) on Wednesday interviewed ten candidates, including the firm's Director (Finance) Rupshikha Saikia Borah, to select a new Chairman and Managing Director of OIL.

China to launch new crude oil benchmark

Last Updated: Thursday, September 10, 2015, 17:43

China plans to launch a yuan- denominated international benchmark for crude oil futures this year aimed at the Asian market, an industry source said Thursday.

Oil prices down ahead of US energy report

Last Updated: Thursday, September 10, 2015, 09:22

US benchmark West Texas Intermediate for October delivery fell 65 cents to USD 43.50 while Brent crude for October dropped 76 cents to USD 46.82 in late-morning trade.

India should buy overseas assets aggressively: Pradhan

Last Updated: Wednesday, September 9, 2015, 12:43

Opportunities emerging from low oil prices were discussed at a meeting called by Prime Minister Narendra Modi with business leaders, bankers and bureaucrats yesterday against the backdrop of global economic turmoil, he said.

Asian stocks catch a lift from Wall Street, Europe

Last Updated: Wednesday, September 9, 2015, 08:35

MSCI`s broadest index of Asia-Pacific shares outside Japan was up 1.2 percent in early trade, after major Wall Street indexes all logged gains of more than 2 percent.

Asian stocks hold gains after China data in volatile trade

Last Updated: Tuesday, September 8, 2015, 10:53

The weak data raised expectations of more policy easing in the coming months. A Reuters poll at end-August showed a 80 percent of respondents expected a further cut in the reserve requirement ratio and 70 percent saw a chance of interest rate cuts.

Australia's Woodside approaches Oil Search with $8 bn bid

Last Updated: Tuesday, September 8, 2015, 08:30

"It makes sense for Woodside - a company that`s ex-growth that`s looking for the next leg," said Ric Ronge, a portfolio manager at Pengana Capital, which owns stakes in Woodside and Oil Search.

Weak economic outlook and oversupply weigh on oil markets

Last Updated: Tuesday, September 8, 2015, 08:21

Japan`s economy shrank an annualised 1.2 percent in April-June, revised GDP data showed on Tuesday, despite ongoing government and central bank measures to support growth.

Asian stocks sag as China stocks wobble after trading resumes

Last Updated: Monday, September 7, 2015, 09:03

The index had already dropped earlier in the session following Friday`s Wall Street slide, triggered after the August U.S. jobs report failed to give a clear view on the Federal Reserve`s interest rate hike.

ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

Last Updated: Friday, September 4, 2015, 10:59

ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.

Oil dips in Asia after mixed US report

Last Updated: Thursday, September 3, 2015, 10:09

US benchmark West Texas Intermediate for October delivery fell 45 cents to USD 45.80 while Brent crude for October slipped 38 cents to USD 50.12 in late-morning trade.