Oil & Gas
Russia warns West of $300 per barrel oil
March 8, 2022
Russia warns West of $300 per barrel oil
Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas…
₹12 hike in petrol & diesel price is needed to break even
March 4, 2022
₹12 hike in petrol & diesel price is needed to break even
Petrol and diesel price, which have been on a freeze for the past four months in view of assembly elections…
Sustainable growth is possible through sustainable energy sources: PM
March 4, 2022
Sustainable growth is possible through sustainable energy sources: PM
Prime Minister, Narendra Modi, addressed a webinar on ‘Energy for Sustainable Growth’ today. This is the ninth webinar in the…
Higher oil prices push Sri Lanka into deeper economic crisis
March 4, 2022
Higher oil prices push Sri Lanka into deeper economic crisis
Sri Lanka’s already dire economic crisis has deepened as oil prices hover near $110 a barrel. Vehicles are stranded with…
Europe scrambles to reduce dependence on Russian natural gas
March 4, 2022
Europe scrambles to reduce dependence on Russian natural gas
Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical Russian natural…
Exxon’s exit from Russia puts OVL in a fix
March 3, 2022
Exxon’s exit from Russia puts OVL in a fix
Exxon Mobil Corp’s decision to exit Russia has put India’s flagship overseas firm ONGC Videsh in a fix as it…
Brent crude oil price surges to nine-year high of $118 a barrel
March 3, 2022
Brent crude oil price surges to nine-year high of $118 a barrel
Benchmark Brent crude oil price climbed close to $120 a barrel, with Russian oil exports disrupted as traders try to…
Putin, Abu Dhabi Crown Prince vow energy market stability
March 2, 2022
Putin, Abu Dhabi Crown Prince vow energy market stability
Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed vowed Tuesday to maintain energy market stability,…
ATF price hiked by 3.3%; fifth increase this year
March 2, 2022
ATF price hiked by 3.3%; fifth increase this year
ATF price hiked by 3.3% to all-time high levels across the country, in step with international oil prices surging to…
Indian economy poised for recovery, but high crude prices worrisome: CEA
February 25, 2022
Indian economy poised for recovery, but high crude prices worrisome: CEA
Chief Economic Advisor (CEA) V Anantha Nageswaran said that the Indian economy is now poised for recovery, but high crude…
India’s import bill may go up by 15% due to Ukraine crisis: Experts
February 25, 2022
India’s import bill may go up by 15% due to Ukraine crisis: Experts
It is a crude shock with many implications for the world and India. The surge in Brent oil to $105…
Crude oil reaches $103, prices a concern to India
February 24, 2022
Crude oil reaches $103, prices a concern to India
International oil prices surged to over a seven-year high of $103 a barrel after Russia attacked Ukraine, but supply lines…
Crude oil hits $100 mark for first time in 7 years
February 24, 2022
Crude oil hits $100 mark for first time in 7 years
Oil prices soared past $100 for the first time in more than seven years after Russian President Vladimir Putin announced…
Ukraine situation, crude prices posing challenge to financial stability: FM
February 23, 2022
Ukraine situation, crude prices posing challenge to financial stability: FM
Finance Minister Nirmala Sitharaman said the Russia-Ukraine crisis and the ensuing jump in global crude prices are a challenge to…
Numaligarh Refinery to manufacture ethanol out of bamboo
February 23, 2022
Numaligarh Refinery to manufacture ethanol out of bamboo
Assam-based Numaligarh Refinery Limited (NRL) has collaborated with a Finnish company to manufacture ethanol out of bamboo, a top company…
Sri Lanka running low on fuel as foreign exchange reserves dry up
February 22, 2022
Sri Lanka running low on fuel as foreign exchange reserves dry up
Sri Lanka is trying to arrange a payment of $35 million for a shipment of 40,000 tonnes of diesel with…
Cairn Oil & Gas makes oil discovery in Rajasthan block
February 22, 2022
Cairn Oil & Gas makes oil discovery in Rajasthan block
Vedanta group firm Cairn Oil & Gas announced an oil discovery in a Barmer district block of Rajasthan, not very…
Will convert garbage mountains into green zones in three years: PM
February 21, 2022
Will convert garbage mountains into green zones in three years: PM
Prime Minister Narendra Modi on Saturday announced that the central government has set an aim to convert mountains of garbage…
Sri Lanka out of cash to buy oil, fuel shortage may get worse
February 19, 2022
Sri Lanka out of cash to buy oil, fuel shortage may get worse
Sri Lanka’s state-run petroleum company has run out of cash to buy oil, and fuel shortage across the country could…
India delivers 40,000 MT of fuel to SL to ease energy crisis
February 16, 2022
India delivers 40,000 MT of fuel to SL to ease energy crisis
India delivered 40,000 metric tonnes of fuel to Sri Lanka to help ease the energy crisis faced by the island…
Saudi Arabia gives 4% of Aramco to investment fund
February 14, 2022
Saudi Arabia gives 4% of Aramco to investment fund
Saudi Arabia said it will transfer 4% of its stock in the state-run oil giant Aramco to its state investment…
Government’s inflation management is robust: FM
February 12, 2022
Government’s inflation management is robust: FM
Government’s inflation management is robust and it has handled the price rise during the COVID-19 crisis in a much more…
Petronet to invest ₹40,000 cr, including in overseas LNG plants
February 11, 2022
Petronet to invest ₹40,000 cr, including in overseas LNG plants
Petronet LNG Ltd, the operator of the world’s largest liquefied natural gas (LNG) import terminal, will invest ₹40,000 crore over…
India headed for steep fuel price hike in March: Deloitte
February 10, 2022
India headed for steep fuel price hike in March: Deloitte
Deloitte Touche Tohmatsu India expects the nation’s biggest fuel retailers to sharply raise pump prices after state elections end next…
Fuel demand boosts OMCs petroleum product sales: Fitch Ratings
February 9, 2022
Fuel demand boosts OMCs petroleum product sales: Fitch Ratings
Transportation fuel demand shows signs of improving to pre-pandemic levels from FY23 as visible from petroleum product sales for the…