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Oil prices decline ahead of OPEC meeting

Oil prices decline ahead of OPEC meeting

New York : Oil prices declined as investors became cautious ahead of an OPEC (Organisation of the Petroleum Exporting Countries) meeting next week, a media report said. OPEC and other key oil producers will meet on November 30 to discuss ...

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Iraq raises capacity of southern oil exports

Iraq raises capacity of southern oil exports

Baghdad : The Iraqi Oil Ministry on Sunday announced it has increased the capacity to export oil from the southern port of Basra to 4.6 million barrels per day (bpd) after building a new floating terminal. “The increase in export ...

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Centre urges states to cut VAT on petrol, diesel

Centre urges states to cut VAT on petrol, diesel

New Delhi : Finance Minister Arun Jaitley will soon write to all state Chief Ministers urging them to cut sales tax, or value added tax (VAT), on petrol an diesel, Petroleum Minister Dharmendra Pradhan said on Wednesday. “We have proactively ...

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