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Iraq continues to be India's top oil supplier, imports from US rises 4-folds
Wed, May 01, 2019
Iraq sold 46.61 million tonne of crude oil to India during April 2018 and March 2019, 2 per cent more than 45.74 million tonne it had supplied in 2017-18 fiscal.
Air India plans to start Lucknow-Najaf flights from January second week
Tue, Dec 25, 2018
Najaf is considered sacred by Shia Muslims and Lucknow has a sizeable Shia population.
Sushma Swaraj: Bodies of 39 Indians abducted by terror group ISIS in Iraq found
Tue, Mar 20, 2018
A group of 40 Indian workers, mostly from Punjab, and some Bangladeshi were taken hostage by ISIS when it overran Iraq's second largest city Mosul in 2014. Of the 40 Indians, one Harjit Masih from Gurdaspur had managed to escape and had claimed to have witnessed the massacre of the others. But the government rejected it. "His was a cock-and-bull story," Swaraj said adding he had managed to flee the ISIS by faking his identity as a Muslim from Bangladesh. The Indians were first kept at a textile factory in Mosul and after Masih escaped, they were moved to a prison in Badosh.
Saudi Arabia's crude exports to US to fall by 300,000 barrels per day in March: Official
Fri, Mar 24, 2017
An Energy Ministry official from Saudi Arabia has said on Thursday that the country`s crude exports to the United States (US) in March will fall by around 300,000 barrels per day from February, in line with OPEC`s agreement to reduce supply.
US President Donald Trump plans 28% cut in budget for diplomacy, foreign aid
Fri, Mar 17, 2017
US President Donald Trump`s proposed 28% budget cut for US diplomacy and foreign aid next year would preserve $3.1 billion in security aid to Israel but reduce funding for the United Nations, climate change and cultural exchange programs.
Iran leapfrogs Iraq to become India's second largest oil supplier
Mon, Mar 13, 2017
In the first 11 months of this fiscal year, between April and February, India imported about 542,400 bpd from Iran
Indian Oil expects crude processing to edge up in 2017-18 despite maintenance work at some plants
Tue, Feb 07, 2017
Indian Oil Corporation has said that its crude processing for 2017-18 will inched up despite planned maintenance at some plants.
Twitter CEO Jack Dorsey, staff donate $1.5 million to fight Donald Trump's visa ban
Fri, Feb 03, 2017
Twitter's chief executive officer Jack Dorsey and its about 1,000 staff have donated over $1.5 million to a leading rights group that has pledged to fight President Donald Trump's temporary ban on refugees and immigrants from seven Muslim-majority countries.
Microsoft seeks exemption for workers, students from travel ban
Fri, Feb 03, 2017
US IT giant Microsoft has made a formal plea to US President Donald Trump seeking an exemption for workers and students from the temporary immigration ban.
#DeleteUber trends in US as anger against Trump's refugee ban mounts
Sun, Jan 29, 2017
Social media started flooding with tweets #DeleteUber as many reported to delete the app on believing that the company was siding with the President Donald Trump’s ban on Muslims entering the country.
Qatar Airways, Etihad to enforce Trump travel ban
Sun, Jan 29, 2017
Qatar Airways and Etihad Airways said today they would enforce the new rules governing entry to the United States following President Donald Trump's temporary order restricting arrivals from seven Muslim countries.
Indians in the US too bear brunt of Donald Trump's immigration ban
Sat, Jan 28, 2017
Banning Muslims from seven countries even if they held a 'green card' to enter the United States of America, US President Donald Trump has put in jeopardy many Indians who live and work in North America -- many of them on H1-B visas.
OPEC oil output inches down after November deal
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
OPEC oil output falls from record high ahead of planned cuts: Reuters survey
Thu, Jan 05, 2017
OPEC`s oil output in December fell from a record high ahead of a deal to cut production, a Reuters survey found on Thursday, helped by attacks on Nigeria`s oil industry and top exporter Saudi Arabia trimming exports.
IMF releases another $618 million loan installment for Iraq
Tue, Dec 06, 2016
The IMF on Monday announced the release of the second installment of a loan for Iraq, despite continued financial difficulties with low oil prices and the fight against the Islamic State group.
OPEC debates oil cuts amid deep disagreement
Wed, Nov 30, 2016
OPEC began on Wednesday debating a deal to curtail oil production in an effort to prop up the price of crude, with Iran and Iraq resisting pressure from Saudi Arabia to participate fully in any action.
Oil markets jittery ahead of OPEC meeting later in day
Wed, Nov 30, 2016
Oil markets were jittery on Wednesday ahead of an OPEC meeting later in the day, with members of the producer cartel trying to thrash out an output cut to curb oversupply that has seen prices more than halve since 2014.
Putin, Iran's Rouhani back OPEC bid to stabilise oil prices
Tue, Nov 29, 2016
Russian President Vladimir Putin and his Iranian counterpart Hassan Rouhani on Monday expressed support for OPEC`s plans to limit the cartel`s output ahead of a crucial meeting this week.
Oil prices fall further in Asia, yen gains hit Tokyo
Mon, Nov 28, 2016
Oil prices sank further in Asian trade on Monday on fears a planned cut in output will not be agreed by top producers this week, while the dollar retreated against most of its peers after its recent surge.
Oil edges up as analysts say market could be closer to balance than expected
Tue, Oct 18, 2016
Oil prices rose early on Tuesday as some analysts said markets might not be quite as oversupplied as suggested by many, with global inventories rising less than expected ahead of the high-demand winter heating season in the northern hemisphere.