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20 September, 2018 8:09 AM Refiners will pay for Iran oil in rupees after US sanctions kick in: Report

India wants to secure a waiver for imports from the US, which is why it has significantly reduced its oil purchase from Iran after the ties between the two countries soured As petroleum-related sanctions on Iran come into effect from November 4, Indian refiners will pay for oil in Indian currency using UCO Bank and IDBI Bank, according to a report 50

20 September, 2018 5:09 AM Petrol Prices Rise Today, Diesel Rates Remain Stable: 5 Things To Know

Oil marketing companies (OMCs) raised petrol prices in four metropolitan cities on Thursday while the rates of diesel were kept stagnant for second consecutive day. Petrol prices witnessed 6 paise per litre hike in Delhi, Mumbai and Kolkata. The rate was increased by 7 paise per litre in Chennai. After the revision, a litre of petrol is selling at Rs 82.22 in Delhi 63

19 September, 2018 6:08 PM India In Touch With EU Over Alternative Payment For Iran Oil Imports

As the US sanctions on import of Iranian crude oil loom large, India is engaged with the European Union for an alternative channel for making payments to Tehran for buying petroleum products, sources said Wednesday. They said the EU has been been telling India that it was in the process of coming out with a payment mechanism as using US dollars for oil transaction 41

18 September, 2018 7:35 AM OPEC chief: Cartel must stay together as US sanctions Iran

OPEC must stick together for the good of the global economy as founding member Iran faces renewed US sanctions, the head of the cartel said Tuesday though he did not address how an already-tight market will make up for the loss of Iranian supply. Mohammed Sanusi Barkindo also said an agreement between OPEC and non-members that cut production and helped 49

15 September, 2018 10:04 AM Donald Trump Lashes Ex-Secretary Of State John Kerry For Iran Meetings

President Donald Trump lashed out at former secretary of state John Kerry for his meetings with Iran's foreign minister after the Obama-appointee had left office. "John Kerry had illegal meetings with the very hostile Iranian Regime which can only serve to undercut our great work to the detriment of the American people," Trump said on Twitter late Thursday 69

10 September, 2018 6:40 PM Iraq Replaces Saudi Arabia As India's Top Oil Supplier In August

Imports of Iranian oil by India, fell by about a third to about 523,000 bpd in August from July as state-refiners slowed purchases due to a delay in securing approval to use Iranian ships. Iraq replaced Saudi Arabia in August as the top oil supplier to India, data from industry and shipping sources showed, as refiners turned to Iraqi barrels to compensate 102

8 September, 2018 3:24 PM Sushma Swaraj's visit to Syria deferred due to prevailing tension

Minister of External Affairs Sushma Swaraj's scheduled visit to war-torn Syria next week has been deferred due to the tensions prevailing in the country. External Affairs Ministry Spokesperson Raveesh Kumar said fresh dates for her visit will be decided in consultation with the Syrian government. "The external affairs minister's visit to Syria has been deferred 124

7 September, 2018 2:22 PM Essential To Bring Petrol, Diesel Under GST: Dharmendra Pradhan

The unusual surge in fuel price is due to the political and economic situations at the international level and the Centre has been vigilant about it. Fuel price hike in the country is due to international factors and it has now become essential to bring petrol and diesel under the purview of GST, Union Petroleum and Natural Gas Minister Dharmendra Pradhan 54

7 September, 2018 11:35 AM Qatar emir plans 10 billion euros of investment in Germany

Qatar's emir Sheikh Tamim bin Hamad Al-Thani said in Berlin Friday his country would invest some 10 billion euros ($11.6 billion) in Germany, as he battles a policy of isolation by neighbouring states. "We are announcing Qatar's desire to invest 10 billion euros in the German economy over the coming five years," the Gulf state leader said as he opened 67

7 September, 2018 9:10 AM Hriday Hazarika wins gold in 10m Air Rifle Men's Category (Junior) at World Shooting Championship

New Delhi: Indian shooter Hriday Hazarika won a gold medal on Friday in 10m Air rifle on men's category (junior) at the World Shooting Championship in South Korea's Changwon. Hazarika was the only Indian to qualify for the final with a score of 627.3. He was in a tie with Iran's Mohammed Amir Nekounam on 250.1 once the field was pruned to the regulation 46