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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.
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.
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, 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.
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.
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.
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.
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.
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
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, 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.
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:
KATHMANDU, Sept 1: Nepal Oil Corporation (NOC) has been keeping infrastructure development fee, which it charges from the end customers, in its profit accounts. Such profits are directly allocated to the corporation’s staff bonus and other incentives, NOC balance sheet shows.
As per the balance sheet of 2015/16, NOC has put the fee into its profit accounts.
LONDON, August 29: Crude prices dipped on Tuesday as the market grappled with the shutdown of some 13 percent of refining capacity in the United States after a hurricane ripped through the heart of the country’s oil industry.