Oil surges past $110 as US-Israel strikes on Iran trigger supply shock
The crude oil market has been thrust into turmoil over the past 10 days, with prices climbing at a pace rarely seen outside of full-blown supply crises.
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Coal sector surges with 18.4% growth in October, propelling core industries
In a significant boost to India's industrial landscape marking the highest surge in the last 16 months, according to the Index of Eight Core Industries released…
Coal sector surges with 18.4% growth in October, propelling core industries
In a significant boost to India's industrial landscape marking the highest surge in the last 16 months, according to the Index of Eight Core Industries released…
India, OPEC strengthen ties at 6th high-level energy dialogue in Vienna
Held at the OPEC Secretariat in Vienna, marked a pivotal moment in the ongoing collaboration between India and the Organization of the Petroleum Exporting Countries.
Reducing dependency on imported crude oil
Government has adopted a five-pronged strategy comprising increasing domestic production of oil and gas, promoting energy efficiency and conservation measures, giving thrust to demand substitution.
Invenire Energy’s DSF III fields can produce 110 million barrels of crude oil
Invenire Energy has announced that the three discovered fields, acquired by the company in DSF III Bid Round, hold the potential to conservatively produce 110 million…
Initiatives taken by government to reduce crude oil import
Minister of State for Petroleum and Natural Gas, Rameswar Teli in a written reply to a question in the Rajya Sabha informed that the various steps/initiatives…
Govt gives ONGC, Vedanta freedom to sell crude oil
The government on Wednesday allowed firms like ONGC and Vedanta to sell locally produced crude oil to any Indian refinery for turning it into fuel, such…
India’s Russian oil imports jump 50 times; now accounts for 10% of all import
India's crude oil imports from Russia have jumped over 50 times since April and now make up for 10% of all crude bought from overseas, a…
Petrol in India cheaper than UK but costlier than US, China, Pakistan, SL
Petrol in India is cheaper than in countries like Hong Kong, Germany and the UK but costlier than in China, Brazil, Japan, the US, Russia, Pakistan…
Cairn Oil & Gas realize the benefits of going digital
Cairn Oil and Gas operates in three major regions in India across many fields, both onshore and offshore, totalling over 800 wells. This contributes nearly 25%…
India taking up Russian discounted oil offer will not be US sanctions violation
India taking up Russia's offer of discounted crude oil would not be a violation of American sanctions, the White House has said.
₹12 hike in petrol & diesel price is needed to break even
Which have been on a freeze for the past four months in view of assembly elections in states like Uttar Pradesh, need to be increased by…
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 to India remain unaffected.
Centre to bring ATF inclusion in GST for discussion: FM
The Centre will move the issue of bringing aviation turbine fuel under the GST net for discussion in the next meeting of the GST Council, finance…
Centre to release 5 million barrels oil from strategic reserves
The government has agreed to release 5 million barrels of crude oil from its strategic petroleum reserves in consultation with other global energy consumers.
Coal, petroleum products’ production fuel industry growth
Healthy productions of coal, petroleum products as well as eased Covid restrictions lifted the growth of India's eight major industries in October on a year-on-year and…
India’s crude oil production falls 2.15% in October
India's crude oil production fell 2.15% in October as state-owned firms produced less but, natural gas output rose by a quarter on the back of output…
India to release 5 mn barrel crude oil from strategic reserves
India plans to release about 5 million barrels of crude oil from its emergency stockpile in tandem with the US, Japan and other major economies to…
India needs 5,600 GW of solar capacity to reach net zero
For India to reach its bold target of having net-zero emissions by 2070, the country's solar power capacity would have to rise to over 5,600 GW
Petrol, diesel prices hiked consecutively for sixth day
Petrol and diesel prices were hiked for the sixth consecutive day across the country on Monday. In the national capital, with a hike of 35 paise…
Energy cost should not outstrip the paying capacity
Minister of Petroleum & Natural Gas Hardeep Singh Puri said that unless the prices of crude oil are maintained at sustainable levels, it will severely impact…