April 19, 2024 20:09 pm
KATHMANDU, April 19: Global oil and gold prices have surged after Israel initiated retaliation against Iran.
December 27, 2022 09:30 am
JUMLA, Dec 27: In Jumla, Dunedi, a traditional technology for the extraction of oil from oilseeds, stands on the verge of extinction. With the development of modern technology, the Dunedi technology has reached the state of extinction.
May 17, 2022 13:00 pm
LONDON/BASRA, May 17: Iraq's oil ministry thwarted three prospective deals last year that would have handed Chinese firms more control over its oilfields and led to an exodus of international oil majors that Baghdad wants to invest in its creaking economy.
January 6, 2020 12:27 pm
SYDNEY, Jan 6: Tensions in the Middle East after the killing of a top Iranian general by the United States pushed an index of Asian shares off an 18-month high on Monday as investors pushed safe-haven gold near a seven-year high, and oil jumped to four-month peaks.
September 7, 2019 12:05 pm
Fear of facing the public, panic attacks, sweaty palms, dry mouth, urge to pee, shivering legs, fumbling speech, worry, dizziness, and sometimes losing consciousness can all happen because of anxiety. Did you ever think of essential oils as a solution? If you haven’t, we will start considering it now.
July 20, 2019 08:50 am
LONDON, July 20: Iran seized a British-flagged oil tanker Friday and briefly detained the second vessel in the Strait of Hormuz, intensifying tensions in the strategic waterway that has become a flashpoint between Tehran and the West.
July 6, 2019 08:54 am
LONDON/DUBAI, July 6: An Iranian Revolutionary Guards commander threatened on Friday to seize a British ship in retaliation for the capture of an Iranian supertanker by Royal Marines in Gibraltar.
July 2, 2019 14:42 pm
TRIPOLI, July 2: While Libya’s oil lies at the heart of three months of fighting over Tripoli and years of power struggles before that, water is becoming a far bigger concern for its people.
June 24, 2019 12:45 pm
TOKYO, June 24: Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced.
June 15, 2019 10:52 am
DUBAI/WASHINGTON, June 15: The United States on Friday blamed Iran for attacks on two oil tankers at the entrance to the Gulf and said it was seeking international consensus about the threat to shipping, despite Tehran denying involvement in the explosions at sea.
June 2, 2019 15:10 pm
LONDON, June 2: U.S. military vessels in the Gulf are within range of Iranian missiles, a top military aide to Iran’s Supreme Leader Ayatollah Ali Khamenei said on Sunday, warning any clash between the two countries would push oil prices above $100 a barrel.
May 31, 2019 12:35 pm
WASHINGTON, May 31: The United States will sanction any country which buys oil from Iran after the expiration of waivers on May 2, U.S. Special Representative for Iran Brian Hook said on Thursday.
May 7, 2019 00:05 am
Soaring seven-figure Inflation, almost four in 10 people out of work, high government debt and dwindling foreign reserves has left oil-rich Venezuela as the world’s most miserable economy. U.S. sanctions on Venezuela’s oil sector are “a game changer,” according to Diego Moya-Ocampos, principal analyst with the Americas Country Risk team at IHS Markit.
April 28, 2019 11:30 am
TRIPOLI, April 28: Air strikes hit the Libyan capital late on Saturday as eastern forces loyal to Khalifa Haftar pursued a three-week campaign to take Tripoli and also confirmed for the first time they had dispatched a warship to an oil port.
April 9, 2019 14:00 pm
SINGAPORE, April 9: Oil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC-led supply cuts, U.S. sanctions against Iran and Venezuela, and escalating violence in Libya.
March 25, 2019 14:02 pm
SINGAPORE, March 25: Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela.
February 28, 2019 12:14 pm
SINGAPORE, Feb 28 : Oil prices dipped on Thursday, dragged down by weakening factory output in China and Japan and record U.S. crude output, although markets remained relatively well supported by supply cuts led by producer club OPEC.
February 20, 2019 10:55 am
SINGAPORE. Feb 20: Oil prices were around 2019 highs on Wednesday, propped up by supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.
February 12, 2019 11:22 am
BERLIN, Feb 12: Germany will put on a show of unity with the United States Tuesday in talks on importing natural gas, as Berlin battles accusations an under-construction pipeline deepens European energy dependence on Russia.
February 10, 2019 11:25 am
CARACAS, Feb 10: Venezuela’s state-run oil company PDVSA is telling customers of its joint ventures to deposit oil sales proceeds in an account recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
January 11, 2019 08:27 am
KATHMANDU, Jan 11: The newly-appointed managing director of Nepal Oil Corporation (NOC), Surendra Kumar Paudel, has vowed to initiate reform actions in the state-owned enterprise.
November 24, 2018 17:14 pm
BOSTON, Nov 24: Oil prices slumped more than 6 percent to the lowest in more than a year on Friday amid fears of a supply glut even as major producers consider cutting output.
November 11, 2018 00:05 am
The Trump administration has granted a 180-day waiver to Iran’s eight biggest oil buyers, allowing them to keep buying oil at reduced rates.
November 8, 2018 15:27 pm
WASHINGTON DC, Nov 8: US President Donald Trump is taking credit for falling oil prices, attributing the drop to the Iranian sanctions waivers he announced on Friday even as market analysts blame him for driving up the prices in the first place.
November 7, 2018 12:30 pm
KATHMANDU, Nov 7: Nepal Oil Corporation (NOC ) said they will distribute oil on Wednesday to fulfill the oil demand during the Tihar festival. NOC will distribute petroleum oil and diesel from Thankot Depot. NOC Thankot Depot has distributed 8.5Lakh Ltrs Petrol and 8.3Lakh Ltrs Diesel on Tuesday.
November 5, 2018 00:05 am
U.S. sanctions against Iran’s crude and condensate exports have cut shipments, but China and India -- the two biggest buyers of Iranian crude -- are expected to keep purchasing oil from Iran.
September 25, 2018 15:00 pm
SINGAPORE, Sept 25: India’s crude oil demand is forecast to grow to 500 million tonnes per year by 2040, but persistent increase in oil prices might act as a dampener for the rate of growth, Partha Ghosh, an executive director at Indian Oil Corp said on Tuesday.
September 3, 2018 12:00 pm
JAPAN, Sept 3: Japan's major oil companies are preparing to halt all of the crude oil imports from Iran in October due to fears Washington will sanction countries importing Iranian crude, AFP reported Monday, citing Jiji Press agency.
August 5, 2018 08:24 am
As I struggled past the busy streets of Kathmandu in my electric scooter, I got stopped by the newly-installed traffic light that indicated red. Right beside me was a big petrol tanker, inside which a few key rings were rattling on the rhythm of the engine’s vibration. My 12-year-old brother who was sitting behind me and keenly observing the Spiderman key ring exclaimed, ”It’s non-renewable, my science teacher says so!”
July 27, 2018 14:00 pm
ANKARA, July 27: Turkey has vowed to oppose US efforts to smother Iranian crude exports. Ankara is in a strong position to disobey Washington and has plenty of reasons not to start a quarrel with Tehran, experts have told RT.
July 26, 2018 16:00 pm
SAUDI ARABIA, July 26: Saudi Arabia is temporarily halting oil shipments through the Bab-el-Mandeb Strait, the country’s energy minister has said. It follows a Houthi attack on a Saudi oil tanker off Yemen’s western coast.
July 3, 2018 14:53 pm
DUBAI, July 3: Iran’s President Hassan Rouhani said regional oil exports may be threatened if the United States tries to pressure its allies to stop buying Iranian crude oil, the official presidential website reported on Tuesday.
July 1, 2018 09:37 am
WASHINGTON/RIYADH, July 1: The leader of Saudi Arabia promised President Donald Trump that he can boost oil production if needed and the country has 2 million barrels per day of spare capacity available, the White House said on Saturday.
June 28, 2018 05:01 am
KATHMANDU, June 27: Shiva Shankar Agro Pvt Ltd has launched Upakar brand of sunflower oil in the market. "The company has been producing food products like rice, lentils, beaten rice, sugar and pulses for the past many years," the company said in a statement issued on Wednesday
June 18, 2018 16:37 pm
MOSCOW, June18: China’s threat to slap tariffs on US crude, an upcoming OPEC meeting and Federal Reserve policy tightening have all weighed on international oil prices over the past few days
June 5, 2018 08:00 am
NUWAKOT, June 5: The process of constructing a fuel storage facility in Nuwakot has kicked off. Land has already been determined for the facility that is set to be constructed with an aid of the Government of China.
June 1, 2018 02:30 am
KATHMANDU, June 1: With the government decision to increase customs duty on mustard seeds to 5 percent from 1 percent, the price of mustard oil is likely to increase by Rs 15 per liter.
April 8, 2018 05:30 am
KATHMANDU, April 8: The much-awaited India-Nepal pipeline project has been launched jointly by Prime Minister KP Sharma Oli and his Indian counterpart Narendra Modi amid a function held at Hyderabad House, New Delhi.
April 8, 2018 00:05 am
Latin America will host the most licensing rounds in its history, opening about 1,100 oil and gas blocks for foreign investment in 2018. Wood Mackenzie, an energy consultancy, expects intense exploration activity in deepwater basins around Brazil, Argentina and Mexico.
March 28, 2018 17:51 pm
UDAYAPUR, March 28: Ghurmi village in the district has become vulnerable to inferno after an oil tanker met with an accident along the Katari-Hardeni road section of Siddhicharan Highway on Wednesday morning.
March 28, 2018 12:14 pm
In Nepal’s first oil spill accident, police of Udayapur at Ghurmi are in high alert of possible fire.
March 24, 2018 08:29 am
KATHMANDU, March 24: Syakar Trading Company, the authorized distributor of Honda motorbikes and scooters for Nepal, has launched a new pack of 'Honda Genuine Engine Oil' on Wednesday.
March 17, 2018 11:24 am
If a sparrow sings his heart out on an oil field, but his would-be sweetheart can’t hear him above the oil pumps, what’s a bird to do?
March 15, 2018 06:30 am
DHANGADHI, March 15: A woman of Kanchanpur district has been attacked mercilessly for refusing a marriage proposal. The perpetrator attacked in her eyes and poured hot oil in her face.
February 9, 2018 15:20 pm
After a wait of about a quarter of a century, the world’s biggest oil buyer is finally getting its own crude-futures contract.
January 23, 2018 12:46 pm
MORANG, Jan 23: The cooking oil industries in the Morang-Sunsari industrial corridor are in crisis due to the overflow of palm oil-mixed imported cooking oil in the market.
January 9, 2018 13:36 pm
SINGAPORE, Jan 9: Singapore police have arrested 17 men suspected of involvement in stealing oil from the largest Shell refinery in the world.
November 22, 2017 00:30 am
Forecasting oil prices is a fraught endeavor. It makes forecasting currency markets look easy.
November 8, 2017 09:20 am
During the cold winter season, there are various skin problems which emerge like dry cracked lips and skin. Besides drinking water it is important to use coconut and argan oil based products like lip balms, scrubs, lipsticks with the natural oils as its base to save your lips from chapping, suggest experts.Here is a list for things to do to save your lips:
October 22, 2017 15:00 pm
BEIRUT, Oct 22: U.S-allied forces said Sunday they have captured Syria’s largest oil field from the Islamic State group.