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RATE RIGGING
Ten reasons oil is still below $100 a barrelGlobal oil prices remain surprisingly low despite the ongoing war in Iran. China's drastic cut in oil imports is a major factor. Demand des...- South Korea to overhaul election process after ballot shortage shocks countrySouth Korea is set to reform its election system following ballot paper shortages during recent local polls. The incident sparked public an...
- US: First came Congress. Now a national redistricting battle may turn to statehouses and city councilsA new phase of redistricting is unfolding across America. States like Georgia are redrawing electoral maps for Congress and state legislatu...
- Congress calls fuel hikes "silent tax on households", accuses govt of "corporate protection racket"Fuel prices have risen for the fourth time in ten days. Congress leaders condemn these increases as a silent tax on Indian households. They...
- In 1926, Umberto Nobile flew to the North Pole with his beloved dog Titina, who two years later survived 49 days stranded on Arctic ice following a deadly airship crashAn Italian explorer's dog, Titina, sensed danger before an Arctic airship crash in 1928. The airship Italia crashed, leaving ten men and Ti...
- 'An economic storm is coming': Rahul Gandhi warns of massive financial shock to common peopleRahul Gandhi on Tuesday accused the Centre of creating an economic structure that benefits select billionaires and warned that India is hea...
- Democrats divided on whether removing Trump is a useful midterm messageDemocrats face a strategic dilemma. Some push to address President Trump's fitness for office, while others urge a focus on the economy. Ma...
- ONGC cancels jack-up rig tender over cartelisation fears, flags 60% spike in bid pricesState-run ONGC has cancelled a tender for jack-up rigs due to concerns over unusual price hikes and bid patterns, suspecting collusive prac...
- ONGC rig pricing veto may tighten fuel tapIndia's offshore drilling sector is facing a significant challenge. Oil and Natural Gas Corporation (ONGC) has cancelled multiple tenders f...
- Operating profit of offshore rig operators may jump 30% in FY25: ReportCrude price, which averaged at USD 55 a barrel between fiscals 2016 and 2021, increased to USD 86 a barrel on average since fiscal 2022. Hi...
- ONGC focuses on lowering operating costsOil and Natural Gas Corporation (ONGC) is facing increased operating costs due to a surge in oilfield services rates and maintenance costs ...
- ONGC finding it hard to get offshore rigs in a 'tight' marketEarlier this year, ONGC sought 12 rigs for its projects but got only 10. New rig contracts it signed then were about 50% more expensive tha...
- Anshu Jain gets clean chit on charges of lying to German bank in rigging caseThe BaFin President, however, added that all other allegations against Jain and Deutsche Bank were still being evaluated by the regulator.
- Government examining CAG report on irregularities in ONGC hiring rigThe company drilled seven ultra-deep wells using DDKG-1 rig till December 2010. Of these seven well, three were appraisal wells, drilled to...
- CAG hauls up ONGC for hiring a 2nd rig from RelianceCAG has hauled up state-owned explorer ONGC for hiring a drilling rig from Reliance Industries without bidding and for no pressing reason.
- At UBS, rate manipulators called each other 'Superman', 'Hero'The London Interbank Offered Rate and the Euro Interbank Offered Rate are benchmark reference rates used in both the UK and international f...
- Libor rate rigging scandal: Banks face penalties worth $22 billionTwelve global banks involved in the Libor rate-rigging scandal may face up to a combined $22 billion in penalties and damages.
- Barclays says Bob Diamond foregoes £20 mn bonus, deferred payDiamond had been in for deferred bonuses of up to 20 million pounds before he quit last week in the wake of a scandal over rigging interban...
- Soaring charter rates force oil exploration giants to buy rigsIndia’s hunt for new energy sources has hit an unforeseen obstacle: dearth of operational rigs.
- ONGC bets on term contracts for rigsPublic sector oil major ONGC could save close to a billion dollars over the next three years on charter of offshore drilling rigs, if the m...
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