About Reuters
Articles of Reuters
Oil India Sees 'Healthy' Profit In September Gtr Despite Windfall Tax
Oil India Ltd is expecting a "healthy profit" for the quarter ending Sept. 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at India's state-run oil producer, said.
Read More →
Oil Prices Slide $2/bbl; Settle At 9-Month Lows On Dollar Strength
Oil prices fell $2 a barrel, settling at nine-month lows in choppy trade, pressured by a strengthening dollar as market participants awaited details on new sanctions on Russia.
Read More →Colombia Gov't Agrees To Ease Tax Changes To Oil, Mining
Colombia's government agreed to modify a tax reform proposal under debate in congress and continue to allow oil and mining companies to deduct royalty payments from their taxes in the wake of a wave of industry criticism.
Read More →
India ONGC Gets Better Price For Oil Under New Rules -Report
India's Oil and Natural Gas Corp has for the first time sold oil through a three-month local tender, commanding $5-$8 per barrel more than existing rates under new rules that allow producers marketing freedom, industry sources said.
Read More →Nigerian Oil Workers Threaten To Strike If Govt Doesn't Stem Theft
Members of a Nigerian oil workers' union are threatening to go on strike if the government does not do more to stem widespread oil theft they say is putting their safety at risk and has cut exports by hundreds of thousands of barrels.
Read More →
INDIA RUPEE- Hits More Than 1-Week High On Weaker Dollar, Oil Prices
The Indian rupee hit a more than one-week high against the U.S. currency, as the dollar index fell further from a two-decade high scaled earlier this week.
Read More →Ecuador Inks Temporary Oil Moratorium Deal With Indigenous Groups
The government of Ecuador and indigenous leaders signed a deal to declare a temporary development moratorium on 15 oil blocks and suspend new mining contracts until a law about prior community consultations is in place.
Read More →
Russia-Backed Indian Refiner Nayara Names Panicker As Chairman
India's second-biggest private refiner Nayara Energy, part-owned by Russian oil major Rosneft, has appointed Prasad K. Panicker as chairman, replacing Tony Fountain, the company said in a statement.
Read More →
Iran Controls Fire At Southern Oilfield After Apparent Sabotage
Iran brought under control a fire at its Shadegan oilfield which was caused by an apparent act of sabotage, a local oil company official told state television.
Read More →India, Russia To Discuss Energy Security As Oil, Coal Trade Soars
India and other members of the Shanghai Cooperation Organisation (SCO) will discuss energy security at the regional security bloc's meeting in Uzbekistan, India's foreign secretary Vinay Kwatra said.
Read More →Oil Prices Slide 1% After U.S. Fed Raises Interest Rates
Oil prices fell about 1% to a near two-week low in volatile trade after the U.S. Federal Reserve delivered another hefty rate hike to quell inflation that could reduce economic activity and demand for oil.
Read More →Yellen Says Russia Offering 'Enormous Discounts' On Oil To China, India
A planned Western price cap on Russian oil is already making a difference, U.S. Treasury Secretary Janet Yellen said, noting that Russia was now offering China and India "enormous discounts" while looking for other outlets for its oil.
Read More →
Oil Climbs Ahead Of OPEC+ Meeting
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
Read More →
India's Reliance To Buy Majority Stake In Solar Energy Software Maker For $32 Million
India's Reliance Industries said late it would acquire a 79.4% stake in California-based solar energy software developer SenseHawk for $32 million.
Read More →India Raises Taxes On Aviation Fuel Exports, Domestic Crude Oil
India's government raised taxes on aviation turbine fuel exports to 9 rupees ($0.11) per liter from 2 rupees per liter, a government notification said.
Read More →
Indonesian President Likely To Weather Fuel Price Rise Uproar, Analysts Say
Thousands of people joined protests across Indonesia this week against a fuel price increase but even as anger mounts on the streets of Southeast Asia's largest economy, analysts say President Joko Widodo is well placed to weather the storm.
Read More →
Indonesia Raises Fares For App-Based Motorbike Transport After Fuel Price Hike
Indonesia's Transport Ministry has raised fares for app-based motorbike transport services to account for the recent fuel price hike, senior official Hendro Sugiatno said.
Read More →
Modern Slavery On The Rise As Crises Fuel Poverty - U.N. Report
The number of people forced into modern forms of slavery has risen by a fifth in recent years to around 50 million on any given day amid a surge in poverty and other crises, the U.N. International Labour Organization (ILO) said.
Read More →
EU Eyes Levy On Fossil Fuel Firms To Help Consumers Survive Energy Crisis
Fossil fuel firms may have to share their excess profits to help European households and industries cope with red-hot energy bills, a draft European Union plan showed on Monday as the cost of the West's "energy war" with Russia took a growing toll.
Read More →Indonesia To Review Minimum Wage Rules After Protests Over Fuel Price Hike
Indonesia will review minimum wage and other labour rules, the president's office said, after trade unions staged nation-wide protests against a recent hike in petrol prices that they say has come even as incomes stagnate.
Read More →
