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Oil prices rebound after heavy sell-off

Last Updated: Wednesday, September 16, 2015, 07:40

Oil prices bounced on Tuesday as traders bought the dip after sharp decline.

Oil prices edge up after sharp falls in previous session

Last Updated: Tuesday, September 15, 2015, 07:26

Oil prices steadied early on Tuesday as traders closed short positions and took on new longs after markets tumbled in the previous session.

Oil prices retreat as Goldman Sachs cuts forecasts

Last Updated: Saturday, September 12, 2015, 07:36

Oil prices dropped Friday as the Wall Street bank Goldman Sachs slashed its forecasts for crude prices.

BP for extending marketing, pricing freedom to gas fields

Last Updated: Friday, September 11, 2015, 22:07

BP Plc, Europe's second-largest oil company, Friday made a case for extending the marketing and pricing freedom given to operators of marginal and small oil and gas fields to conventional fields like KG basin D6 block.

BPCL to invest Rs 40,000-cr to up capacity to 50 mtpa by 2021

Last Updated: Friday, September 11, 2015, 20:10

The PSU has earmarked a whopping Rs 1 trillion capex by 2021 under 'Project Sankalp', primarily focusing on brownfield expansion.

HPCL plans to raise $250 mn in forex debt soon

Last Updated: Friday, September 11, 2015, 18:59

After raising USD 300 million recently, Hindustan Petroleum Corporation (HPCL) is set to raise USD 250 million (about Rs 1,663 crores) through external commercial borrowing (ECB) to fuel its capex plan, a senior company official has said.

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.

Oil jumps 8 percent, biggest three-day surge since 1990

Last Updated: Tuesday, September 1, 2015, 05:09

Oil futures soared on Monday for a third consecutive day, rising more than 8 percent, as a downward revision of US crude production data and OPEC`s readiness to talk with other producers helped extend the biggest three-day price surge in 25 years.

US oil jumps more than 10% to $42.56 a barrel

Last Updated: Friday, August 28, 2015, 00:53

US oil prices surged more than 10 percent Thursday, climbing back above $40 a barrel after strong American economic growth data lifted confidence about the world`s biggest economy and petroleum user.

PESB finds no candidate fit to head HPCL; to re-advertise post

Last Updated: Thursday, August 6, 2015, 23:46

Government headhunter PESB Thursday failed to select a new Chairman and Managing Director of state -owned Hindustan Petroleum Corp Ltd (HPCL) as it could not find a suitable candidate among the 9 persons it interviewed.

10-time jump in FDI in petroleum and gas sector

Last Updated: Monday, August 3, 2015, 15:21

Union Minister Dharmendra Pradhan, while replying to questions, said the government is encouraging foreign investment to supplement domestic investment and technological capabilities.

Production from GSPC fields in KG basin faces delay

Last Updated: Sunday, August 2, 2015, 14:25

Nearly a year after beginning trial gas production and investing USD 3.4 billion, Gujarat's GSPC is yet to start commercial production from its Deen Dayal discoveries in KG basin.