Indian marine engineer held captive in Nigeria returns, thanks Centre

Santosh Bhardwaj, the marine engineer who was rescued after being held in captivity in Niger delta in Nigeria for over a month, on Thursday expressed gratitude towards the Centre for its efforts to......

4 killed in attack on Indian-owned ship in Nigeria

Four persons, including two soldiers, were killed when a ship belonging to an Indian company was attacked by pirates in Nigeria's oil-rich southern delta. The four persons killed, included two......

Indian sailors held by pirates in Nigeria freed

Five Indian sailors kidnapped off Nigeria's oil-rich southern delta and held captive for more than a month have been released by the pirates, a spokesman said on Saturday. The released men were......

Hijack drama off Nigerian coast; all Indian sailors safe

All 23 Indian sailors aboard an oil tanker were safe on Wednesday after the Nigerian navy rescued their vessel that was hijacked briefly by pirates off the coast of southern Nigeria. In the third......

Needed: Another OPEC to solve oil crisis

It is always impolite to ask a lady her age. But the oil bull market is certainly no lady, besides which, we know she is about ten years old. Earlier this week, NYMEX crude oil futures, in un-lady......

Gold: The most happening commodity in 2008

After closing out 2007 with an impressive 31.5% gain, spot gold started the new year with a new record high of $861.80 an ounce, surpassing the previous high of $850 recorded on January 21, 1980.......

The swing factor in commodity markets

Every one knows that International politics plays a key role in deciding the 'power centers' among nations and a few know that there exists a relationship between international politics and......

OPEC oil production up by 1 lakh barrel/day

Oil production by the 12 member countries of Oil Producing and Exporting Countries, including Iraq which does not participate in the consortium's output pacts, has increased by 1,00,000 barrel per......