"Indian government has introduced Essential Commodities act, as gas supply for cylinders should be avoided, and only domestic cylinders should be given. We are forcing the Central government to bring the hotels under the Essential Commodities section. The government has ordered the oil co
"The next booking for LPG cylinders will be allowed only after the 25th day from the date of the previous delivery, and there is no shortage in supply of LPG as it is stated by oil companies. Commercial LPG cylinders have not been issued since yesterday, but an exemption has been given to
US President Donald Trump said on Friday (US local time) that he is going to meet top oil industry executives at the White House and hold discussion exclusively on Venezuela- its oil, the ties with US, security, the people and "stoppage" of drugs and criminals coming into the US.
The President said the raid, carried out by the US Army's elite Delta Force with assistance from an FBI unit, did not result in any US fatalities. However, a small number of troops sustained injuries during the operation, CNN reported, citing a source briefed on the matter.
Taneja also noted that recent developments may not have an immediate impact on oil prices and could create opportunities for Indian oil companies if sanctions are lifted.
Sachdev said that major oil companies may be used to engage with the Venezuelan opposition, to gain access to the country's oil while sharing profits through royalties.
Sachdev, in conversation with ANI, noted that while US President Donald Trump has stated that the Washington would "run" Venezuela, the practicalities of such a move remain unclear.
While addressing a press conference in Florida, Trump said the United States was in the "oil selling" business and would provide it to other countries interested in buying.
The Oil Companies Advisory Council (OCAC) has once again sounded the alarm, drawing the attention of the Oil and Gas Regulatory Authority (Ogra) to a host of pressing issues from unrecovered sales tax and exchange rate losses to port inefficiencies and the rushed digitisation of retail outle
New Delhi [India], December 8: Gulab, one of India's leading edible oil companies, announces the launch of its new brand campaign, The Good Side of Life, featuring Bollywood star Arjun Rampal for its range of cold-pressed oils.
Oil Marketing Companies (OMCs) continue to face heavy financial pressure from LPG under-recoveries, even as the government prepares to release subsidies over the coming months, highlighted a report by Nuvama Research.