Oil & Gas
Centre monitoring fuel prices amid Russia-Ukraine war
March 12, 2022
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
March 11, 2022
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
March 11, 2022
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
March 11, 2022
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
March 9, 2022
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
March 9, 2022
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
March 9, 2022
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
March 9, 2022
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
March 8, 2022
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
March 8, 2022
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
March 8, 2022
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
March 8, 2022
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
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…