It is reported that crude prices edged down in Asia today as worries about the ongoing supply glut offset news that the oil ministers of Saudi Arabia and Venezuela had held talks on stabilising the beleaguered market.
Bloomberg reported that emerging-market currencies advanced, led by Russia’s ruble, and shares in the Middle East climbed amid speculation Saudi Arabia and Venezuela will cooperate on stabilizing crude prices.
Reuters reported that less than two months into the year, the top US shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow.
Petrofac, a leading service provider to the oil & gas industry, awarded a contract to Bertin Technologies to supply, install and commission a pioneering gas leak tracking system at the Saudi Aramco-owned Jazan refinery.
Gulf Capital, a leading alternative investment firm in the Middle East, said its portfolio company OCB Oilfield Services has acquired 100 per cent of Kuiper International, a dominant player in the offshore construction...
Auto NDTV reported that while the NAVi may have got all the attention at the Honda India Pavilion, the Japanese auto giant ensured to also reward the Unicorn lovers at the Auto Expo with something special.
The managing director of the country's largest carmaker said that French car-maker PSA Peugeot Citroen will pay Iran over EUR 400 million in compensation for losses after it quit the country due to sanctions.
Business Line reported that Auto parts’ maker Bosch has posted a 99 per cent increase in net profit to Rs. 221 crore during the third quarter of the fiscal on the back of higher sales and benefit from organisational...
Battling the meltdown in steel sector in the UK, Lord Swraj Paul-led Caparo Group is planning to get into new ventures in the US and also expand its India presence with a new automotive components plant.
W Resources PLC has released a new mineral resource estimate that has resulted in a 16% rise in the amount of tungsten thought to be lying within the La Parilla project in Spain. The miner said the updated resource,...
Goldphyre Resources Limited advised that a seismic survey at its Lake Wells Potash Project in WA has increased the known length of the palaeovalley that hosts the potash mineralisation to more than 20 kilometres.