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.

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.

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.

5 Essential oils to get rid of anxiety

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

Berlin woos US in Europe gas battle

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.

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.

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.

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.

Infographics: Iran oil waivers

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.

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.

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.

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.

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.

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.

The last barrel of oil

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!”

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.

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.

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.

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.

Upakar sunflower oil now in market

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

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

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.

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.

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.

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.

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.

In Nepal’s first oil spill accident, police of Udayapur at Ghurmi are in high alert of possible fire.

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.

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?

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.

After a wait of about a quarter of a century, the world’s biggest oil buyer is finally getting its own crude-futures contract.

Nepali cooking oil industries in crisis

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.

SINGAPORE, Jan 9: Singapore police have arrested 17 men suspected of involvement in stealing oil from the largest Shell refinery in the world.

Abnormality of oil

November 22, 2017 00:30 am

Forecasting oil prices is a fraught endeavor. It makes forecasting currency markets look easy.

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:

BEIRUT, Oct 22: U.S-allied forces said Sunday they have captured Syria’s largest oil field from the Islamic State group.

SINGAPORE, Oct 4: Oil prices eased on Wednesday, pulled down by caution that a rally that lasted for most of the third quarter would not extend through the last three months of the year.