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Nidhi Verma

Exclusive: IEA revising oil demand growth forecast down on slowing economy

19 Jul 2019

NEW DELHI The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

IEA does not expect "huge increase" in crude prices - executive director

19 Jul 2019

NEW DELHI The International Energy Agency (IEA) doesn't expect oil prices to rise significantly because demand is slowing and there is a glut in global crude markets, its executive director said on Friday.

RPT-EXCLUSIVE-IEA revising oil demand growth forecast down on slowing economy

19 Jul 2019

NEW DELHI, July 18 The International Energy Agency (IEA) is reducing its 2019 oil demand forecast due to a slowing global economy amid a U.S.-China trade spat, its executive director said on Thursday.

India to launch rules to end gas distributors' monopoly in 34 areas

16 Jul 2019

NEW DELHI The Indian government will introduce rules in six months that could lead to the phase-out of monopolies controlled by natural gas distribution companies in 34 cities, including New Delhi and Mumbai, allowing consumers to choose a new supplier, a senior regulatory official said.

UPDATE 2-India to launch rules to end gas distributors' monopoly in 34 areas

16 Jul 2019

* Move could provide new opportunities for aggressive players (Adds details)

India to launch rules to end gas distributors' monopoly in 34 areas

16 Jul 2019

* Rules will allow new players to use the networks of incumbents

India's MRPL buys its 1st U.S. Thunder Horse oil with 1 million barrel order - executive

05 Jul 2019

NEW DELHI India's state-run Mangalore Refinery and Petrochemicals Ltd (MRPL) has made its first purchase of U.S.-produced Thunder Horse crude oil via a tender for mid-October delivery, its managing director M. Venkatesh said on Friday.

Asia feels pinch from higher Middle East oil shipping costs

04 Jul 2019

TOKYO/NEW DELHI Asian oil refiners are being squeezed by rising freight rates and insurance costs for shipping crude from the Middle East after attacks on ships in the Gulf last month, industry officials and analysts said.

India's IOC close to deal for Panama-flagged vessel as Indian vessels fail to match

02 Jul 2019

NEW DELHI India's top refiner Indian Oil Corp is close to chartering a Panama-flagged ship rather than an Indian vessel in its first five-year tender to hire an oil tanker with scrubbers that remove sulphur emissions, sources with knowledge of the matter said.

RPT-Filling Iran oil gap in India: U.S. supplies outshine Middle East crude

25 Jun 2019

* India's Nov-May U.S. oil imports up fourfold from year earlier

World News