Oil surges past $110 as US-Israel strikes on Iran trigger supply shock
The crude oil market has been thrust into turmoil over the past 10 days, with prices climbing at a pace rarely seen outside of full-blown supply crises.
Israel
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OVL, partners relinquish Israeli oil block
ONGC Videsh Ltd (OVL)-led Indian consortium has relinquished the offshore oil block due to very poor hydrocarbon prospectivity.
Israel freezes oil deal with UAE over environmental concerns
Israel's environmental protection ministry said Sunday it was delaying implementation of a proposed oil transport deal with the United Arab Emirates, freezing a project that has…
Iran calls Natanz atomic site blackout, nuclear terrorism
Iran on Sunday described a blackout at its underground Natanz atomic facility an act of nuclear terrorism, raising regional tensions.
Indian Oil & Phinergy forms JV to boost e-mobility aspirations
Indian Oil entered into a JV with Phinergy a company specializing in hybrid lithium-ion and aluminium-air/zinc-air battery systems