TEHRAN, July 30: Iran's Islamic Revolutionary Guard Corps (IRGC) said that two oil tankers attempting to leave an "unsafe route" south of the Strait of Hormuz turned back after a fire broke out on ...
Kathmandu. Iraq's Prime Minister Ali Al-Zaidi arrived in Turkey on Tuesday. During his visit, discussions are expected on issues such as energy, trade, and security, including plans to extend the o...
Washington D.C. Crude oil prices fell sharply in the world market on Monday after the conflict between the United States and Iran was temporarily halted. This decline is considered the biggest sinc...
By Rajani Yogi, Surkhet, July 26: According to the Nepal Oil Corporation (NOC), Surkhet Office, there is an adequate supply of liquefied petroleum (LP) gas in the district. However, consumers say t...
TEHRAN, July 24: The United States launched fresh strikes on Iran Friday after Tehran-backed Houthi rebels attacked oil tankers in the Red Sea, marking an escalation that pushed crude prices past $...
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KP Khanal
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BRUSSELS, July 23: European Union countries on Thursday agreed a new watered-down round of sanctions on Russia over the Ukraine war after weeks of haggling, freezing the level of an oil price cap.
Kathmandu. Police have arrested 5 people on charges of producing counterfeit Ayurvedic Silver Warm Therapy oil. The Valley Crime Investigation Office raided a warehouse of counterfeit oil and recov...
HONG KONG, July 20: Oil scaled back gains after hitting its highest price in a month on Monday as Iran said diplomatic exchanges with the United States were ongoing via mediators despite renewed co...
Kathmandu. Due to the increasing tension between America and Iran in West Asia, oil transportation through the Strait of Hormuz has been affected, causing crude oil prices to rise by approximately ...
LONDON, July 15: Oil prices surged on Tuesday after fresh US strikes against Iran, fuelling fears over their already fragile truce and the risk of another spike in inflation.
Washington D.C. Iran has expanded its attacks in the Gulf countries after America attacked. As a result, the price of crude oil has risen sharply on Monday as the energy transportation through the ...
HONG KONG, July 9: Oil prices dipped Thursday after the previous day's surge as Donald Trump said the US ceasefire with Iran was over and ordered fresh strikes against the country following attacks...
New York. With the tensions between Iran and America escalating again, the price of crude oil in the international market has reached its highest level in several weeks. The price of oil increased ...
New York. Crude oil prices have increased in the global market. On Wednesday's trading, crude oil prices rose by nearly 2 percent after the United States imposed sanctions on crude oil sales by lau...
Washington DC. After attacks on three oil tankers in the Strait of Hormuz, the United States has launched powerful airstrikes on dozens of Iranian military targets. The US Central Command (Centcom)...
LONDON, July 7: An "unknown projectile" struck and caused a fire on an oil tanker off the coast of Oman near the Strait of Hormuz on Monday, British maritime security agency UKMTO said.
SHENYANG, July 6: Zhao Shijie, a 71-year-old painter from Panjin City in northeast China's Liaoning Province, has spent his life capturing the profound changes of this young but distinctive "oil ci...
KATHMANDU, July 1: Nepal Oil Corporation (NOC) has reduced the prices of petroleum products, with the new rates coming into effect from midnight.
Kathmandu. Nepal Oil Corporation has reduced the price of cooking LPG gas. The corporation's board of directors meeting on Tuesday decided to reduce the price of gas by Rs 100 per cylinder, citing ...
Falling crude prices ease inflation and import costs, but supply constraints and LPG shortages mean consumers may see only modest relief, with half-filled cooking gas cylinders set to continue. In...
Kathmandu. Due to the attacks and counter-attacks between America and Iran, instability has again been seen in the oil market. The price of oil increased in the international market on Monday after...
Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months. A helicopter belonging to Saudi oil giant Aramco (2222.SE) cra...
PARIS, June 23: At least 36 commodity carriers transited the Strait of Hormuz on Monday, a record level since the start of the Middle East war in late February, according to data from the maritime ...
Washington. Due to US President Donald Trump's latest statement, crude oil prices have increased in the international market while the stock market has declined. President Trump, speaking to Fox N...
TEHRAN, June 18: Oil prices tumbled on Thursday after US President Donald Trump and his Iranian counterpart separately signed an accord to end the Middle East war, with the Strait of Hormuz set to ...
HONG KONG, June 18: Oil prices tumbled again Thursday after US President Donald Trump and his Iranian counterpart signed off on a deal to end their war and reopen the Strait of Hormuz.
New York. International market crude oil prices have fallen significantly with signs that Iran's oil could return to the global market. This has increased expectations of lower inflation and also d...
LONDON, June 14: British forces on Sunday intercepted a sanctioned oil tanker belonging to Russia's shadow fleet in the English Channel, the defence ministry said.
Kathmandu. The debate over security and sanctions enforcement in European waterways has reignited after Britain seized a banned oil tanker linked to the 'shadow fleet'. According to the British Min...
Kathmandu. The prices of both gold and oil have returned to their old paths. The price of gold started to rise with the announcement of the end of the Iran-US war, while the price of crude oil has ...
Washington DC. US President Donald Trump has claimed that a preliminary agreement to end the war with Iran is near. Immediately after Trump's statement, crude oil prices saw a significant drop in t...
Kathmandu. Crude oil prices have increased in the international market. The price of crude oil has risen sharply on Monday as investors became nervous due to the escalating military tension between...
LONDON, June 8: OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments. But even ...
Washington DC. Crude oil, gasoline, and diesel reserves in America are rapidly declining. US data shows that dependence on oil stored in strategic reserves has increased as the war with Iran prolon...
Kathmandu. Crude oil prices have increased in the international market on Thursday. The price of crude oil has increased by more than 2 percent after Iran's Revolutionary Guards stated that they ta...
Of the 45 state-owned entities, 27 were profitable, 16 incurred losses and two remained inactive in the first eight months of the current fiscal year. Nepal’s petroleum storage capacity has reache...
NEW DELHI, May 25: India's state-run fuel companies raised petrol and diesel prices for the fourth time in 10 days on Monday, as the Middle East war strains supplies to the world's fastest-growing ...
London. With positive signals emerging about a peace deal between America and Iran, the price of crude oil fell to its lowest point in two weeks in the international market on Monday. Although dif...
KATHMANDU, May 22: Nepal imported goods worth around Rs 1.6 trillion during the first 10 months of the current fiscal year, with diesel and crude soybean oil emerging as the country’s top import it...
KATHMANDU, May 20: The government has appointed Nagendra Sah as the officiating managing director of Nepal Oil Corporation (NOC).
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