Two Major Saudi Oil Installations Hit by Drone Strike, and U.S. Blames Iran

VideoDrone strikes set fire to a Saudi Aramco plant in Abqaiq, Saudi Arabia, early Saturday.The Houthis are part of a regional network of militant groups aligned with and backed by Iran, Saudi Arabia’s regional rival.

Oil futures end lower for a third session in a row


Markets/commodities reporter

Oil futures finished lower for a third session in a row on Thursday.October West Texas Intermediate oil

CLV19, -1.

PSU oil cos resume jet fuel supply to Air India at 6 airports

PSU oil firms on Saturday resumed jet fuel (ATF) supplies to cash-strapped Air India following talks mediated by the government, an official spokesperson said.PTI|Sep 07, 2019, 07.

Oil companies likely to resume fuel supply to Air India at six airports

The state-owned OMCs stopped supplying fuel to Air India flights in Pune, Vizag, Cochin, Patna, Ranchi and Mohali since August 22.36 PM ISTAgenciesAir India does not operate international flights from the six airports where the fuel supply was stopped.

Srei Infra, Quippo Oil and Gas Infra & JSC Rosgeo sign cooperation agreement

The agreement was signed in the presence of prime minister of India, Narendra Modi, and president of Russia Vladimir Putin.29 PM ISTGetty ImagesRosgeo and Quippo intend to determine the initial projects as a part of joint work and develop specific cooperation mechanisms for each of them.

Oil companies threaten to extend fuel ban on Air India to two more cities; flight operations to get impacted

50 PM ISTAgenciesOil companies are supplying fuel to Air India on cash-and-carry- basis.The oil companies are not supplying fuel to Air India at six airports that are Patna, Ranchi, Pune, Mohali, Vizag and Kochi.

The World of Olive Oil Is Murky. Here’s Help for the Home Cook.

Image“Olive oil belongs in the produce section, not on a shelf,” said Nicholas Coleman, who supplies olive oil to restaurants like Superiority Burger, shown here.CreditCalla Kessler/The New York TimesUnderstanding olive oil as a perishable product has two lessons for home cooks.

Trump’s Methane Rule Rollback Divides Oil and Gas Industry

The Trump administration has moved to loosen regulations affecting methane emissions from pipelines, storage tanks and wells.Under increasing pressure from shareholders, activists and their own employees, BP, Shell, Exxon Mobil and several other international oil companies have joined the Oil and Gas Climate Initiative, which is pledged to reduce gas emissions.

Crude Stockpiles Shrink, Sending Oil Prices Higher

Oil prices rose Wednesday on a government report that showed a big drawdown of U.S.

Oil prices post a gain as EIA reports biggest U.S. crude supply decline in 5 weeks

“The ongoing trend of narrowing net imports has yielded a massive draw to crude stocks, with imports dropping below 6 million barrels per day, and exports jumping above 3 million barrels per day,” Matt Smith, director of commodity research at ClipperData, told MarketWatch.7 million barrels, while the American Petroleum Institute on Tuesday reported an 11.

Oil prices may drop back toward the year’s lows near $50 a barrel

, specifically on crude oil, Jace Jarboe, a futures and options broker with Daniels Trading in Chicago, told MarketWatch.happens to be the largest producer of crude oil,” he said, so the oil market “responded with an abrupt selloff.

Pelican Energy Makes Deals With Caution Amid Oil-Patch Slump

To order presentation-ready copies for distribution to your colleagues, clients or customers visit https://www.com/articles/pelican-energy-makes-deals-with-caution-amid-oil-patch-slump-11566602257

Private-equity firm expects to have at least 55% of its $233 million third fund committed after closing two pending deals


Air India owes Rs 4,500 crore in fuel dues; hasn't paid in 200 days: Oil firms

02 PM ISTBCCLAir India spokesperson had on Thursday stated that "in the absence of equity support, Air India cannot handle the huge debt service liabilities".The Rs 5000 crore outstanding from Air India includes the interest on the unpaid bill.

U.S. oil futures drop, post a more than 1% loss for the week


Markets/commodities reporter

Oil futures declined on Friday, posting a loss for the week, following news of China's plan for retaliatory tariffs on U.is "better off without" China.

Oil refiners stop supplies to Air India at six airports

56 PM ISTBCCLMUMBAI: State-run oil refiners have stopped fuel supplies to Air India at six airports in the country on payment defaults.An Air India spokesperson confirmed the move by oil refiners.

Indian Oil, HPCL and BPCL to shuffle cooking gas consumers

19 AM ISTNEW DELHI: Indian Oil, Bharat Petroleum and Hindustan Petroleum will soon shuffle millions of cooking gas consumers between their agencies to expand the customer base for newly-appointed distributors and help make their business viable.The three state-run oil companies, which mainly distribute cooking gas in the country, have recently agreed to inter-company transfer of customers to ensure even distribution among gas agencies.

Oil ends down a second straight session on trade worries, recession fears


Markets/commodities reporter

Deputy markets editor

Oil futures ended lower Thursday for a second consecutive session, as U.“The oil market is trading on fear,” as weak economic data overseas suggest that oil demand may slow,” said Phil Flynn, senior market analyst at Price Futures Group, in a daily note.

Oil prices suffer their first loss in 5 sessions


Markets/commodities reporter

Deputy markets editor

Oil futures ended lower on Wednesday for the first time in five sessions, after a U.4 million barrels the week before.

SBI invites bids for Videocon's overseas oil, gas assets

06 PM ISTBCCLMUMBAI: The State Bank of India has invited bids for overseas oil and gas assets of Videocon Industries Ltd, a newspaper advertisement showed on Monday, as India seeks to recover billions of dollars in loans from the beleaguered private firm.In October, SBI Caps, the investment banking arm of State Bank of India, was appointed to start the process of valuation and monetisation of the firm's oil and gas assets overseas.

ONGC, its partners likely to exit oil blocks in Sudan

State-run co along with JV partners China, Malaysia upset as oil dues from Sudan rise to $500 million.32 PM ISTGetty ImagesSudan had denied ONGC and partners an extension of license to operate block 2B after the initial contract expired in November 2016.