‘Oil companies are losing Rs 1,000 crore every day’: Petroleum Minister Hardeep Singh Puri hints oil price hike is imminent
New Delhi: Public sector oil marketing companies may not be able to sustain losses of Rs 1,000 crore per day from selling petrol and diesel below market prices, Petroleum Minister Hardeep Singh Puri said on Tuesday, a strong indication that petrol prices…
WATCH: Kuwait oil refinery catches fire after renewed Iranian drone attack, operations under threat
An Iranian drone struck a key oil facility at Kuwait’s Mina Ahmadi refinery on Friday, sparking a fire at the site, Kuwait’s state-run Kuwait Oil Co said, adding that no casualties were reported.The company said firefighters were working to…
Will Trump’s 48-hour ultimatum to Iran make him blush again?
As President Donald Trump’s 48-hour deadline approaches, Tehran has responded to his threat to “destroy” Iran’s power plants with a threat of its own and is showing no signs of backing down. Iran’s Revolutionary Guards have…
Trump eases restrictions on Russian oil, says ‘it will hit Iran hard’
President Donald Trump said the United States would crack down on Iran “next week,” shortly after the United States issued a 30-day partial exemption for purchases of sanctioned Russian oil in hopes of easing a rise in oil prices triggered by…