News Desk

News Desk

Oil demand to peak in 2024

Global oil demand could peak as early as 2024 if there are more efficiency gains in vehicles, greater market penetration by electric cars, lower economic growth and...

News Desk

Anadarko cuts capex

US oil producer Anadarko Petroleum Corp posted a larger-than-expected quarterly loss and said it would cut its 2017 capital budget by $300 million because of depressed...

News Desk

In brief

China’s crude oil imports to riseBEIJING: China’s crude oil imports will exceed 400 million tonnes this year, said an executive at a Chinese state oil giant, as...

News Desk

RIL profit up 9pc

Indian oil-to-telecoms conglomerate Reliance Industries Ltd posted a nine per cent rise in first-quarter standalone profit, helped by higher margins from its core...

News Desk

Woodside hit by outages

Woodside Petroleum reported a 6.8 per cent fall in oil and gas output in the June quarter due to planned and unplanned outages and a previously flagged reduction in its...

News Desk

Encana posts robust profits

Encana Corp, Canada’s No 2 oil and gas producer, posted a quarterly profit that handily beat analysts’ estimates and raised its full-year core asset production growth...

News Desk

HPCL sees foreign buys

Indian state refiner Hindustan Petroleum Corp sees itself better placed to buy overseas downstream assets once it becomes part of the country’s top explorer Oil and...