Energy-hungry India eyes the oil sands

In its race to secure its energy supply, India is taking a new look at the oil sands. State-owned Indian energy companies are looking to invest at least $2.5-billion (U.S.) and as much as $10-billion in Alberta's oil sands as part of a national ...

On Thursday, global crude prices hit an all-time high of $146.69 per barrel, prompting top officials back home hint at another round of fuel price hike. The latest spike dashed hopes of any immediate recovery for the country's stock market that has ...

There seems to be no respite in sight for fuel consumers in India. Going by the sombre mood -- bordering a sense of helplessness -- of the policymakers, captains of global oil industry and financial wizards attending the 19th World Petroleum ...

Indian firms could invest $2-$2.5 billion for stakes in Canadian tar sands projects, a top official said on Thursday, as part of efforts to secure overseas energy assets to fuel the country�s fast-growing economy. Oil secretary M S Srinivasan ...

And as this cycle of oil-driven inflation continues to plague the Indian economy for the next few months, the Sensex will flirt with the two, with a near-term perspective being one of gloom. After posting a freak recovery of 703 points on Wednesday, ...

Indian companies could invest $2-billion (U.S.) to $2.5-billion for stakes in Canadian oil sands projects, a top official said Thursday, part of efforts to secure overseas energy assets to fuel the country's fast-growing economy...Srinivasan said at ...

Thursday , July 03, 2008 at 1702 hrs Planning Commission said on Thursday that the nation should be ready for "high oil price regime" amid a continuous surge in global crude prices...He, however, said economic growth could slow down to 8 per cent in ...

India's crude import bill may jump by up to 76 per cent to $110-120 billion this year based on current global prices, Petroleum Secretary, M S Srinivasan said on Thursday. Retail fuel price revision again in October Indian demand not fuelling oil ...

IST(3/7/2008) India will review retail fuel prices in October after it gets a clear picture of the dent that high international crude prices will leave on revenues of state-run oil retailing firms in the first half of FY'09. "At the June Cabinet ...

Thursday , July 03, 2008 at 1503 hrs Government will again review retail fuel prices in October, even as it expects crude import bill to shoot up to USD 110-120 billion this year on the back of record oil prices. "At the time of Cabinet decision in ...