Government discussed oil market volatility with OPEC chief | India News

[ NEW DELHI: Centre discussed the recent trends and volatility in the global oil market and their impact on global energy stability with OPEC secretary general on Friday. During the telephone conversation with Haitham Al-Ghais India’s oil minister Hardeep Singh Puri “emphasized the importance of balancing market stability, affordability, with pragmatism”, said the statement.India imports … Read more

In pics: ONGC begins production from Krishna Godavari basin in Bay of Bengal; why it’s ‘remarkable’

[ ‘Remarkable step’: State-owned Oil and Natural Gas Corporation (ONGC) announced on Monday that it has begun oil production from its long-awaited deep-sea project in the Krishna Godavari basin in the Bay of Bengal. This development is expected to reverse years of declining output. The initial oil flow from the deep-water KG-DWN-98/2 block took place … Read more