A Filipino crew member was confirmed to have been killed in an explosion in the engine room (Reuters) Colombo, Sri Lanka: A Panama-registered tanker burned out of control for a second day off Sri Lanka on Friday, sparking fears of a new oil spill in the Indian Ocean. The Sri …
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COLOMBO / NEW DELHI: A new fire broke out in a supertanker carrying around 2 million barrels of oil in the Indian Ocean off the east coast of Sri Lankaspokesmen for the country’s Navy said Thursday, adding that one of its 23 crew members was missing and another wounded. Navy …
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[ad_1] Dalal Street looked headed for a negative start and stock-specific action is likely to dominate Thursday”s proceedings amid quarterly earnings and expiry of weekly option contracts. Here’s breaking down the pre-market actions. SGX Nifty signals negative start Nifty futures on the Singapore Exchange traded 62 points, or 0.68 per …
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[ad_1] NEW DELHI: India is trying to save Rs 25bn on its crude oil import bill by storing cheap oil in ships for future use, allowing the government to have fiscal leeway to spend on more welfare measures needed in their fight against the coronavirus pandemic. “Our oil companies have …
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[ad_1] (Representative Image) Stock photo of the Bharat Petroleum Corp. refinery in the Mahul area of Mumbai, India | Bloomberg Text size: A- A + New Delhi / Singapore: According to Oil Minister Dharmendra Pradhan, Indian refineries are taking advantage of cheap oil to increase their supplies, even as every …
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[ad_1] NEW DELHI : Jameel Basha, 36, has a dilemma: Should I go back to India or not? He has worked as an office assistant at a construction company in Saudi Arabia since 2017, earning the equivalent of ₹45,000 per month. Her job prospects are now uncertain due to the …
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[ad_1] © Reuters. By Peter Nurse Investing.com – Oil prices rose on Thursday, rebounding amid hopes that moves to correct the nature of market oversupply may be having some effect. At 10:15 a.m. ET (1415 GMT), futures were up 17% more at $ 17.68 a barrel, while the benchmark international …
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[ad_1] © Reuters. By Barani Krishnan Investing.com – Oil is marching at the rate of storage. And it may be the only pace that matters, as US crude oil prices. USA They fell more than 25%, returning from a market traders couldn’t get enough of last week to one they …
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[ad_1] NEW DELHI: Negative oil prices, ships lost at sea with unwanted cargo, and merchants getting creative about where to store oil. The next chapter of the oil crisis is now inevitable: large sectors of the oil industry are about to begin to close. The economic impact of the coronavirus …
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[ad_1] Lawsuit erased by coronavirus Crude oil prices have plummeted by about 80% this year as the pandemic has spread across the world and across all sectors of the economy, killing nearly 180,000 people, routing to financial markets and leading to the worst economic crisis since the depression of the …
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