The rapid depreciation of the rupee and an anticipated ballooning of the Sri Lanka’s oil import bill, have forced SriContinue Reading
A massive explosion and fire erupted at Indonesian state oil company Pertamina’s Balongan refinery in Indramayu regency in West JavaContinue Reading
Firefighting crews from Sri Lanka and India are working to put out a large blaze aboard an oil tanker thatContinue Reading
Sri Lanka Navy began towing a fully loaded supertanker that had caught fire off its east coast after it beganContinue Reading
Oil futures collapsed to below zero for the first time ever as the deepening economic turmoil caused by the coronavirusContinue Reading
KEY POINTS OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 millionContinue Reading
DUBAI, United Arab Emirates (AP) — A proposed reduction in oil production by OPEC and other oil-producing countries involves aContinue Reading
LONDON (Reuters) – Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-yearContinue Reading
NEW DELHI (Reuters) – Oman’s oil ministry on Wednesday denied being part of a $3.85 billion plan to build anContinue Reading
COLOMBO, March 19 (Reuters) – India’sAccord Group and Oman’s Ministry of Oil and Gas have signed a $3.85 billion dealContinue Reading
