Iraq. During Prime Minister Ali al-Zaidi's visit to America, Iraq signed 48 agreements and partnerships with American companies. Most of these agreements are related to the oil sector, the Prime Mi...
Kathmandu. Industry, Commerce and Labour and Consumer Interest Committee Chairman Rahabar Ansari has demanded that the government make the distribution, monitoring, and management of cooking LP gas...
WASHINGTON, July 15: The United States on Tuesday expanded its sanctions targeting Iran's oil sector, taking further aim at the network of petroleum shipping magnate Mohammad Hossein Shamkhani, the...
Trump warns of attacks on power plants and bridges as US reinstates naval blockade, raising fears of wider regional conflict and further disruption to global energy supplies. US President Donald T...
The latest exchange of strikes comes after Iran closed the Strait of Hormuz following a warning shot that hit a commercial container ship, raising concerns over global energy supplies and renewed e...
MOSCOW, July 10: Russia said on Friday it destroyed 376 Ukrainian drones across the country overnight and that fires broke out at several oil facilities.
Moscow. Russia, which sells oil to many countries around the world, is currently struggling with an energy crisis itself. According to news agency AP, long queues are continuously increasing at Ru...
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 ...
COLOMBO, June 30: Sri Lanka on Tuesday cut fuel prices by up to six percent, the first such move since the Middle East war triggered a surge in energy prices in the import-dependent nation.
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, June 28: The government appears reluctant to reduce prices of petroleum products in the domestic market of Nepal despite fuel prices hitting three-month low in the international market.
NEW DELHI, June 26: India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure of the Strait of...
Caracas. Even after the recent powerful earthquakes, Venezuela's important oil infrastructure appears to have sustained no widespread damage. Initial reports suggest that most cities where serious ...
Washington DC. After the first round of talks held in Switzerland with the objective of ending the war between America and Iran, America has temporarily lifted some sanctions related to oil on Iran...
Tehran. Iran's Foreign Minister Abbas Araghchi has said that some sanctions on Iranian oil have been eased and some of Iran's assets frozen abroad have been unfrozen after talks held in Switzerland...
Bolivia. President Rodrigo Paz has declared a state of emergency in Bolivia on Saturday. This will give the army broad powers to remove road blockades that are causing major disruptions to fuel and...
HONG KONG, June 19: Stock markets were mixed on Friday and oil prices rose after Switzerland said planned talks following up on the US-Iran agreement had been postponed, dealing a blow to the week-...
Moscow. Ukraine on Thursday morning again launched a drone attack on a major oil refinery in Russia's capital, Moscow. This is the second attack on the center in the past week. According to Moscow...
TEHRAN, June 17: The first tankers carrying Iranian oil exited a US blockade in the Strait of Hormuz, a tracking website said on Wednesday, two days before Washington and Tehran launch talks on an ...
Interim deal extends ceasefire by 60 days, eases oil trade restrictions and opens a window for negotiations on a permanent US-Iran settlement. Details began to emerge on Tuesday of the US and Iran...
London. British security forces have seized a pseudo-named oil tanker suspected of violating sanctions, carrying Russian oil. Prime Minister Keir Starmer called this a significant blow to Russian P...
TEHRAN, June 16: Iran and the United States said ships had again started moving through the Strait of Hormuz -- with President Donald Trump saying the vital oil route would be "completely open" by ...
Consumers say official inflation figures fail to reflect the sharp rise in daily expenses. Saru Katuwal has been struggling to make ends meet in recent months as fuel prices and the cost of daily ...
The federal government's recent mandate enforcing a uniform, nationwide two-day weekend to reduce fuel consumption has sent a wave of anxiety through living rooms and administrative offices across ...
Russia. Russian President Vladimir Putin has acknowledged that recent intensified attacks by Ukraine are damaging the Russian economy and society. 'Ukraine is increasingly targeting Russia's oil re...
A senior Iranian source told Reuters on Friday that the draft would waive sanctions on Iran’s oil, unfreeze billions of dollars of its funds, and require a cessation of hostilities on all fronts, i...
London. The UK economy has shrunk in April. Official data shows that the UK economy contracted by 0.1 percent in April as the impact of rising energy prices due to the war with Iran began to be see...
Washington DC. The oil reserves of the world's rich nations have fallen to their lowest level since the time former US President George W. Bush was in power. This has been mentioned in a report rel...
Escalation in the Strait of Hormuz raises fresh concerns over peace efforts and global energy security. The United States launched strikes against Iran on Tuesday after President Donald Trump said...
KATHMANDU, June 10: Consumer price inflation continued to soar for the past few months mainly due to the hike in petroleum prices after the US-Iran tension.
KATHMANDU, June 9: Consumers, LPG industries and distributors are bearing additional costs as the government's decision to sell only half-filled cooking gas cylinders remains in place despite the n...
New Delhi. The price of domestic LPG gas cylinders in India has increased by 29 Indian Rupees per cylinder. The new price has been implemented from 12 midnight. With this increase, the price of a 1...
Surging bitumen and petroleum prices linked to the conflict in West Asia have disrupted road construction across country, halting blacktopping works and slowing progress on several of Nepal’s large...
Using Nepal’s Own Electricity to Reduce Dependence on Imported LPG and Fossil Fuels, and to Build a New Model of Prosperity
COLOMBO, May 31: Sri Lanka raised fuel prices by up to six percent on Sunday, in line with IMF plans to recover energy costs and phase out subsidies to stabilise the economy.
KATHMANDU, May 30: The Department of Mines and Geology (DoMG) has initiated internal preparations for a second-phase agreement aimed at advancing petroleum extraction in Dailekh following the compl...
The escalation in hostilities highlighted threats to the tenuous ceasefire between the US and Iran that took effect in early April, dampening hopes for a peace deal and sending oil prices surging a...
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