Oil & Gas

Centre monitoring fuel prices amid Russia-Ukraine war

Centre monitoring fuel prices amid Russia-Ukraine war

Union Minister Dr Bhagwat Karad said the Central government is monitoring the fuel prices in light of the Russia-Ukraine war…
Lanka IOC hikes retail prices of petrol & diesel yet again

Lanka IOC hikes retail prices of petrol & diesel yet again

Lanka Indian Oil Company (LIOC), the Sri Lanka IOC subsidiary of India’s oil major Indian Oil Corporation has hiked the…
Reliance sells CBM gas for over $23

Reliance sells CBM gas for over $23

Reliance Industries has sold natural gas produced from a coalfield in Madhya Pradesh for over $23 to firms, including GAIL,…
Putin says western sanctions will disrupt food, energy markets

Putin says western sanctions will disrupt food, energy markets

Russian President Vladimir Putin warned that Western penalties against Moscow for its military incursion in Ukraine would destabilise the global…
Haryana MSMEs to get 50% reimbursement of VAT on natural gas

Haryana MSMEs to get 50% reimbursement of VAT on natural gas

In order to provide some relief to industries in NCR where norms require them to shift to cleaner fuels, the…
Crude oil shoots higher on US Russian oil ban

Crude oil shoots higher on US Russian oil ban

Crude oil prices jumped while Asian stocks regained their footing on Wednesday as investors assessed the impact of a worsening…
FM expresses concern on rising oil prices

FM expresses concern on rising oil prices

Finance Minister Nirmala Sitharaman hinted that the current spike in international oil prices may upset provisions of her Union Budget…
Indian Oil to build more crude oil tanks at Adani’s Mundra port

Indian Oil to build more crude oil tanks at Adani’s Mundra port

Indian Oil Corporation (IOC), the nation’s largest oil firm, will build nine more storage tanks to stock an additional 10…
MEIL to commission 15 oil & gas rigs for ONGC by May

MEIL to commission 15 oil & gas rigs for ONGC by May

Megha Engineering and Infrastructures Limited (MEIL), which has secured an order from ONGC Limited to supply 47 oil and gas…
MEIL expedites rig delivery to ONGC

MEIL expedites rig delivery to ONGC

Megha Engineering and Infrastructures Limited (MEIL) has expedited the delivery of rigs and the handing over of a 2,000-HP land…
Petrol, diesel price increase on hold mode; CNG rates hiked

Petrol, diesel price increase on hold mode; CNG rates hiked

CNG price in the national capital and adjoining cities on Tuesday was hiked by ₹0.50/kg, while an imminent increase in…
Mega rise in petrol, diesel prices coming soon

Mega rise in petrol, diesel prices coming soon

Petrol and diesel prices are likely to be hiked this week as oil companies prepare to pare losses accumulated from…
Russia warns West of $300 per barrel oil

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

₹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

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

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

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

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

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

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

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

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

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

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

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…
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