Cairn to start oil production from Rajasthan in August
Helping the energy-deficit nation cut imports, Cairn India will commence crude oil production from its Rajasthan desert field of Mangala in August. Therefore, more than six decades after India gained independence from the British raj, a unit of UK”s Cairn is helping the one billion nations boost its oil production of around 680,000 barrels per [...]
Oil rises above $64 on strong corporate results
The oil prices surged to above $64 a barrel on Monday on account of strong earnings by the companies in the second quarter that boosted the investor optimism and pushed stocks in Asia and Europe higher. Also, a weaker US dollar also supported crude markets. By mid-afternoon in Europe, the benchmark crude for August delivery [...]