Oil collapses to $0.01/barrel in New York: US Oil Benchmark

Oil collapses to $0.01/barrel in New York: US Oil Benchmark

The soon-to-expire May contract for the U.S. oil benchmark was on track Monday to finish in single digits for the lowest close and biggest one-day plunge on record for a front-month contract, reflecting a growing glut of crude and a lack of storage space. Oil futures collapsed to below zero for the first time ever […]

fuels spike in demand due to lockdown for Humsafar’s diesel-at-doorstep service

fuels spike in demand due to lockdown for Humsafar’s diesel-at-doorstep service

Hospitals, farmers, housing societies among biggest takers Coming to the rescue of hospitals, farmers, housing societies and hotels amid the lockdown is Humsafar, which delivers diesel at the doorstep. Sanya Goel, founder and Director of Humsafar, said the demand from bulk and stationed equipment users has increased since the lockdown began, mainly from hospitals, housing […]

Petroleum Ministry leaked docs: Reliance Industries man among five arrested

Petroleum Ministry leaked docs: Reliance Industries man among five arrested

New Delhi: In a possible case of corporate espionage, the Delhi Police have detained twopetroleum ministry employees and three others for allegedly leaking confidential government documents. As per reports, the Delhi Police carried out raids at Shastri Bhavan and nabbed the two – one a peon and the other is a clerk. However, they are […]

Govt slaps $579 mn additional penalty on RIL

New Delhi: The government has slapped an additional penalty of USD 579 million on Reliance Industries for producing less than targeted natural gas from its KG-D6 block, Oil Minister Dharmendra Pradhan said on Monday.With this, the total penalty on RIL for missing the target in four fiscal years beginning April 1, 2010 now stands at […]

GAIL pipeline blast kills 14; ONGC shuts wells in East Godavari.

Hyderabad: At least 14 people were burnt to death and about 30 others injured in a huge blast and fire that took place at a gas pipeline belonging to the Gas Authority of India Limited (GAIL) in East Godavari district, Andhra Pradesh, on Friday morning. According to Andhra Pradesh Police, lighting of a stove by a […]

LPG likely to be costlier by Rs 5 and Kerosene by Re 1.

New Delhi: The government may hike LPG prices by Rs 5 and kerosene by Re 1 due to spurt in crude oil price in international market. Crude oil prices have shot up to a nine-month high of over USD 115 per barrel. Since India imports 79 percent its oil and subsidies fuel, higher oil prices are […]

Oil workers begin Iraq exit amid growing violence

North-east oil workers have started pulling out of Iraq as Islamic militants marching on Baghdad attacked the country’s biggest energy terminal. Oil giant Exxon Mobil has carried out a “major evacuation” of all staff, while BP has removed 20% of its workforce amid fears that extremists could strike at major oilfields in the south of […]

7 Habits That Cause Belly Fat

So, you’ve got yourself an absolutely gorgeous bikini to wear for a pool party two weeks from now. However, there’s a little bit of a problem – there’s no way of hiding your bulging belly fat in that skimpy swimsuit. Not sure how to trim down in order to do some justice to that awesome […]

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