Tehran. Iran has demanded compensation for the environmental damage caused by oil spills in the Persian Gulf and surrounding sea areas over the past few decades. Ismail Baghai, spokesperson for Ir...
WASHINGTON, Aug 13: After more than five months of conflict, oil markets continue to surge and tumble over the latest developments in the US-Iran clash, including President Donald Trump's shifting ...
By Siraj Khan, Nepalgunj, Aug. 13: Nepal Oil Corporation (NOC) has significantly increased imports of liquefied petroleum gas (LPG) from India to address the shortage of cooking gas reported in var...
A surge in demand after four months of half-filled cylinders has exposed deeper weaknesses in Nepal’s LPG supply chain, from storage and transport to cylinder management and distribution. Nepal’s ...
Kathmandu, August 6 Nagendra Sah has been appointed as the Executive Director of Nepal Oil Corporation (NOC). The spokesperson of the Ministry of Industry, Commerce and Supplies, Netra Prasad Sube...
Kathmandu, Aug 5: The Nepal Oil Corporation (NOC) has assured consumers that there is no shortage of liquefied petroleum (LP) gas in the market and urged the public not to purchase or stockpile mor...
Kathmandu. A significant drop in crude oil supply is estimated in the global market. The International Energy Agency (IEA) has projected that the global market's crude oil supply will decrease by 4...
KATHMANDU, Aug 13: As the shortage of liquefied petroleum gas (LPG) deepens, Nepal Oil Corporation (NOC) has once again made a promise to ease the supply of cooking gas within a week.
Kathmandu, Aug 6: Nagendra Sah has been appointed as the Executive Director of Nepal Oil Corporation (NOC).
Oil prices fall as diplomatic push gains momentum despite continued threats from Israel and the US. US President Donald Trump said talks with Iran will happen on Monday but declined to set a deadl...
New York. Crude oil prices have increased in the international market. On Wednesday, crude oil prices rose as the possibility of successful negotiations regarding the reopening of the Strait of Hor...
HONG KONG, Aug 12: Oil prices rose again Wednesday and stock markets were mixed, with eyes on the release of key US inflation data that could guide the Federal Reserve on its plans for interest rat...
Kathmandu, Aug 5: The Nepal Oil Corporation has formed a rapid response team to resolve problems surfaced in distribution of LPG (cooking gas).
Rice, vegetables, eggs and edible oil have become costlier in recent weeks, while an artificial cooking gas shortage has added to household burdens ahead of the festive season. Households across N...
Venezuela. In Cabimas, a city in the oil-producing region on the shores of Venezuela's Lake Maracaibo, 72-year-old retired teacher Jose Alirio Briceño goes fishing on weekends. But lately, he compl...
HONG KONG, Aug 11: Oil prices extended hefty gains Tuesday as hopes for a reopening of the Strait of Hormuz fade, fanning fresh inflation fears and ramping up bets on at least one US interest rate ...
Kathmandu, Aug 4: The Nepal Oil Corporation (NOC) has clarified that there is no shortage of LP gas in the market and urged consumers to purchase gas only as per their requirements and not to stock...
Nepal Oil Corporation blames temporary demand surge on the switch back to full 14.2 kg cylinders, while consumer rights activists accuse dealers of creating artificial shortages and overcharging cu...
Kathmandu. The import and supply of cooking gas (LPG) in Nepal are exceeding normal levels. However, an artificial shortage is being observed in the market. According to Nepal Oil Corporation and ...
HONG KONG, Aug 7: Oil prices extended gains and stocks fell further on Friday amid fading optimism over a deal to reopen the Strait of Hormuz, as reports said Iran was planning to block US and Isra...
By A Staff Reporter, Kathmandu, Aug. 2: The Nepal Oil Corporation (NOC) has assured the public that the supply of liquefied petroleum gas (LPG) remains normal across the country and urged consumers...
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...
Tokyo. Asian share markets rose on Monday as a weak US jobs report eased the risk of an immediate interest rate hike. The positive impact of Wall Street was seen in Asian markets, but crude oil pri...
MOSCOW, Aug 7: Ukraine struck two Russian oil refineries hundreds of kilometres from the border in an overnight attack, President Volodymyr Zelensky said Thursday, as Russia hit a train station and...
Kathmandu, Aug 1: The Nepal Oil Corporation (NOC) has set up a system to sell cooking gas or LPG cylinders from five different companies at its Teku office.
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...
Kathmandu. Houthi rebels have claimed drone attacks on an oil refining center in Jizan, located on the coast of Saudi Arabia in the Red Sea. The Houthi group claimed responsibility for the attack s...
KATHMANDU, Aug. 6: Nagendra Sah has been appointed the Managing Director (MD) of Nepal Oil Corporation (NOC).
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...
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...
Colombia. Colombia's newly elected President Abelardo de la Espriella has signaled that he will advance a new policy in the energy sector. He has pledged to revive the country's oil and gas sector....
MUMBAI, Aug 6: India's central bank kept interest rates unchanged on Wednesday as it waits to see whether volatile oil prices caused by the Iran war feed wider inflationary pressures.
Kathmandu. Nagendra Shah has been appointed as the Executive Director of Nepal Oil Corporation. The Council of Ministers meeting held on Wednesday decided to give Shah the responsibility of the cor...
The recurring shortage of LPG cooking gas has once again exposed serious weaknesses in Nepal's fuel supply and distribution system. Consumers are again forced to stand in long queues with empty cyl...
Kathmandu. The market saw a line when the Nepal Oil Corporation directed industries to send only 7.1 kg weight gas cylinders to the market from 29th Falgun to 30th Ashad. In less than 6 months, the...
KATHMANDU, Aug 5: The shortage of liquefied petroleum gas (LPG) continues to disrupt households nationwide, despite repeated assurances from Nepal Oil Corporation (NOC) that supplies remain suffici...
Janakpurdham. Monitoring has been intensified at gas dealers in the municipal area due to the shortage of LPG cooking gas across the country. A team of 5 people dispatched from the Nepal Oil Corpo...
HONG KONG, Aug 3: Oil prices tumbled Monday as Donald Trump said fresh talks with Iran will begin later in the day, while the yen extended gains after US and Japanese officials confirmed a rare joi...
Kathmandu. Nepal Oil Corporation Acting Executive Director Deepak Baral has stated that the company is unable to supply Liquefied Petroleum (LP) gas according to consumer demand due to an unusual i...
KATHMANDU, Aug 3: Motorists will have to pay more for fuel from Monday after the Nepal Oil Corporation (NOC) raised the prices of petrol, diesel, kerosene and aviation turbine fuel (ATF), while lea...
Kathmandu. Oil prices have decreased and the US stock market has set a new all-time record following progress in talks on reopening the Strait of Hormuz, according to US officials. The market saw ...
KATHMANDU, Aug 2: Fuel prices in Nepal are expected to increase after the Nepal Oil Corporation (NOC) received revised purchase rates from India’s Indian Oil Corporation (IOC), although the state-o...
Kathmandu. Chairman of the Industry, Commerce, and Consumer Welfare Committee under the House of Representatives, Rahbar Ansari, has directed Nepal Oil Corporation to immediately map LPG cylinders....
KATHMANDU, Aug 1: Nepal Oil Corporation (NOC) has started selling cooking gas of a few specific brands from its own outlet in Teku, Kathmandu, amid growing consumer complaints about shortages.
Kathmandu. The Industry, Commerce and Labour and Consumer Interest Committee of the Federal Parliament has raised questions about various allowances received by Nepal Oil Corporation employees amou...
KATHMANDU, Aug 1: The Nepal Oil Corporation (NOC) has established a system to sell cooking gas (LPG) cylinders from five different companies through its Teku office in Kathmandu.
Kathmandu. People often think that eating outside food can harm the body. But do you know? But do you know that these 5 oils in your kitchen can be a breeding ground for many diseases. In today's a...
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. Three candidates have been recommended for the vacant post of Executive Director of Nepal Oil Corporation Limited. The recommendation committee formed by the Ministry of Industry, Commer...
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 $...
Kathmandu. After US President Donald Trump postponed the planned attack on Iran's infrastructure, oil prices per barrel have fallen by more than $4 in the international market. According to Reuter...
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, July 17: Nepal Oil Corporation has increased the prices of petroleum products. The corporation has stated that the prices of petrol, diesel, kerosene, and aviation fuel have been increas...
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. Iraq has signed a one-year agreement with Turkey to transport crude oil through the Iraq-Turkey pipeline to Turkey's Ceyhan port and export it. Iraq's Oil Ministry provided information a...
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.
Kathmandu. In view of the high demand for gas in the Kathmandu Valley, Nepal Oil Corporation has arranged for the sale and distribution of gas from its office located in Teku from today. Cylinders ...
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...
Kathmandu. Nepal Oil Corporation has urged consumers to contact the corporation's hotline number immediately if they do not find cooking LP gas in the market. Following complaints about gas shortag...
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.
Kathmandu. Nepal Oil Corporation has clarified that there is no shortage of cooking gas (LPG) in the market. Although gas is being supplied according to daily demand, the corporation has drawn atte...
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. 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...
KATHMANDU, July 1: Nepal Oil Corporation (NOC) has reduced the prices of petroleum products, with the new rates coming into effect from midnight.
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...
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 ...
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...
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 ...
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 ...
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.
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 ...
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.
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 ...
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 ...
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...
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 ...
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)...
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. 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 ...
KATHMANDU, May 20: The government has appointed Nagendra Sah as the officiating managing director of Nepal Oil Corporation (NOC).
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...
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...
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...
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...
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...
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...
America. Major stock markets worldwide experienced a significant decline on Friday. Investor concerns about the economy are increasing as oil prices continue to rise, putting pressure on major stoc...
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