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S.Korea seizes ship that transferred oil to N. Korean vessel

Seoul, Dec 29, South Korea has seized a Hong Kong-registered ship that allegedly transferred oil to a North Korean vessel in violation of UN sanctions, the Foreign Ministry announced here on Friday. A ministry official told CNN that the Lighthouse Winmore deported from the port of Yeosu in South Korea carrying refined oil which was

Oils Prices Opening

Oils Prices Opening

Oils Prices Opening.Following are the opening prices of oilseeds, cakes, raw oils and refined oils here today.Oilseeds: Groundnut (per 80 kg) 3800,Castor (per 25 kg) 4100, Sunflower (per quintal) 3600, Cotton (per quintal) 1800, Soyabean (per quintal) 2800.Oil Cakes: Groundnut (per 70 kg) 2000,Castor (per 70 kg) 740,Sunflower (per 100 kg) 2550, Cotton (per 70


Oil output cuts extended by Russia, Saudi Arabia until March 2018

Oil output cuts extended by Russia, Saudi Arabia until March 2018. To rebalance the global crude market, Saudi Arabia and Russia have agreed to extend crude oil output cuts until March 2018 in their latest effort , energy ministers for the two major oil producers said on Monday. The next round of cuts will be

Punjab petrol pumps not to buy oil today

Chandigarh”: Petrol pumps in Punjab will not purchase oil on Thursday as part of nation wide protest against the oil marketing companies for not revising dealers’ margin. “More than 3,000 fuel pumps in Punjab will observe no purchase of oil tomorrow,” Punjab Petroleum Pump Dealers Association President Sandeep Sehgal said on Wednesday. Petroleum products dealers

MC mulls to install plastic waste to oil conversion plant

Chandigarh: Having bitter experience of solid waste management and disposal of plastics in city, Municipal Corporation is mulling to install plastic to oil conversion plant. Representative of M K Aromatics gave presentation about the concept in MC house meet here on Wednesday. According to Mahesh K Merchant, managing director of the company, post-consumer plastic products


Oil tanker owners suspend supplies to Kashmir, Ladakh

Jammu: Oil tanker operators supplying petroleum products to Kashmir and Ladakh went on an indefinite strike on Sunday, alleging that they were being targeted by mobs in the Valley. “In view of repeated attacks on the oil tankers and merciless beating of drivers and cleaners by miscreants in the Valley, all Jammu and Kashmir oil

Crude palm oil futures extend gains, up 0.50% on rising demand

New Delhi: Extending its gain for the thirdstraight day, crude palm oil prices advanced by 0.50 per cent to Rs 502 per 10 kg in futures trading today as traders engaged in enlarging positions, taking positive cues from spot market on strong demand. At the Multi Commodity Exchange, crude palm oil for delivery in far-month

Dozens of bomb sniffing dogs killed in Kuwait

Kuwait City: Two dozen bomb-sniffing dogs were killed by an American-owned security firm in Kuwait after its contract with a local oil company expired. The owners say they killed 24 dogs “humanely” because they were sick. The animals were slaughtered on June 17. There are a further 100 or so dogs at risk of being

Crude palm oil futures extend losses on subdued demand

New Delhi: Continuing its losing streak forthe third day, crude palm oil traded lower by 0.85 per cent to Rs 510.70 per 10 kg in futures trade today as participants engaged in reducing their exposures, triggered by muted demand in the spot market. At the Multi Commodity Exchange, crude palm oil for delivery in July

India to ramp up oil and gas investment in Iran

Tehran: India and oil-rich Iran on Sunday decided to significantly expand engagement in their overall ties, particularly in boosting Indian investment in joint ventures in oil and gas sectors in the Persian Gulf nation where foreign investors from major economic powers are rushing in to get early footholds after lifting of nuclear sanctions. In talks