crude oil
Pradhan puts the blame on global crude oil price surge
Oil & Gas
June 7, 2021
Pradhan puts the blame on global crude oil price surge
Union Petroleum and Natural Gas Minister Dharmendra Pradhan on Monday put the blame on recent surge in global crude oil…
First time ever Petrol crosses Rs 95 a litre in Delhi
Oil & Gas
June 7, 2021
First time ever Petrol crosses Rs 95 a litre in Delhi
Petrol price on Sunday crossed Rs 95 a litre in Delhi and diesel breached Rs 86 per litre mark for…
Crude Oil increases towards $72 on demand prospects
Oil & Gas
June 5, 2021
Crude Oil increases towards $72 on demand prospects
Oil rose towards $72 a barrel on Friday, trading close to a two-year high as OPEC+ supply discipline and recovering…
Brent crude above $71/bbl amid tightening market
Oil & Gas
June 3, 2021
Brent crude above $71/bbl amid tightening market
Crude oil prices surged on Wednesday with the Brent crude trading above the $71 per barrel after OPEC projected demand…
Africa’s share in India’s oil imports at 7-month high
Oil & Gas
June 1, 2021
Africa’s share in India’s oil imports at 7-month high
Africa's share in India's oil imports surged to a seven-month high in April as refiners boosted purchases from small regional…
Relentless efforts to control fire onboard MV X-Press Pearl
Oil & Gas
May 30, 2021
Relentless efforts to control fire onboard MV X-Press Pearl
Indian Coast Guard (ICG) is working tirelessly to extinguish the massive fire onboard container vessel MV X-Press Pearl off Colombo,…
Fire broke out at HPCL refinery at Visakhapatnam
Oil & Gas
May 26, 2021
Fire broke out at HPCL refinery at Visakhapatnam
A fire broke out at Hindustan Petroleum Corporation Ltd's oil refinery on Tuesday afternoon but it was doused within hours…
India’s gas output rises 23% as RIL-BP fields start production
Oil & Gas
May 21, 2021
India’s gas output rises 23% as RIL-BP fields start production
India's natural gas production jumped 22.7% in April after Reliance Industries Ltd and its partner BP Plc ramped up output…
Indian refiners set to make room for Iranian oil
Oil & Gas
May 19, 2021
Indian refiners set to make room for Iranian oil
Indian refiners, anticipating a lifting of US sanctions, plan to make space for the resumption of Iranian imports by reducing…
Jet fuel price cut by 1% due to softening crude oil
Oil & Gas
April 17, 2021
Jet fuel price cut by 1% due to softening crude oil
Jet fuel price on Friday was cut by 1 per cent, the second reduction in rates this month following softening…
OIL’s acquisition of NRL will ensure India’s energy security
Oil & Gas
April 14, 2021
OIL’s acquisition of NRL will ensure India’s energy security
Oil India Limited (OIL) on Tuesday said its acquisition of shares of Numaligarh Refinery Ltd (NRL) in Assam will be…
OMCs to explore fuel price revision post elections
Oil & Gas
April 13, 2021
OMCs to explore fuel price revision post elections
Fuel prices in the country remained unchanged on Tuesday with oil marketing companies continuing on the pause mode and keeping…
Sri Lanka seeks $ 17M from Greek ship owner over oil spill
Sustainability
April 9, 2021
Sri Lanka seeks $ 17M from Greek ship owner over oil spill
Sri Lanka on Friday lodged a claim for $17.38 million with the Greek owners of an oil tanker that caught…
Indian Oil buys its first Johan Sverdrup crude cargoes
Oil & Gas
April 6, 2021
Indian Oil buys its first Johan Sverdrup crude cargoes
Indian Oil Corporation (IOC) has made its first purchase of Norway's Johan Sverdrup crude, buying four million barrels via a…
Gas producers bleed as govt dictated prices remain low
Oil & Gas
April 3, 2021
Gas producers bleed as govt dictated prices remain low
Natural gas production remains a loss-making proposition for most fields for the Indian upstream producers as government-dictated gas price remains…
Jet fuel price cut by 3% amid softer global crude rates
Oil & Gas
April 1, 2021
Jet fuel price cut by 3% amid softer global crude rates
In the first reduction in rate in two months, jet fuel or ATF price was cut by 3% in line…
Oil companies cut LPG price by Rs 10 per cylinder
Oil & Gas
April 1, 2021
Oil companies cut LPG price by Rs 10 per cylinder
After raising cooking gas prices by Rs 125 per cylinder last month, state owned oil firms on Wednesday announced a…
China’s Sinopec raises 2021 capital expenditure by 23.8%
Oil & Gas
March 28, 2021
China’s Sinopec raises 2021 capital expenditure by 23.8%
Sinopec, plans a 23.8% increase in capital spending to 167.2 billion yuan in 2021 following recovery of oil prices and…
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil & Gas
March 27, 2021
Oil jumps 4% on fears Suez Canal blockage may last weeks
Oil prices rose more than 4% on Friday on worries global supplies of crude and refined products could be disrupted…
Reliance-Aramco deal if crude oil averages USD 65/barrel
Oil & Gas
March 26, 2021
Reliance-Aramco deal if crude oil averages USD 65/barrel
A fall in crude oil price and Aramco's USD 75 billion annual dividend commitment may have delayed Saudi company picking…
Not possible to bring petrol under GST for next 8-10 years
Oil & Gas
March 24, 2021
Not possible to bring petrol under GST for next 8-10 years
BJP leader Sushil Kumar Modi said it is not possible to bring petrol and diesel under the GST regime for…
Petrol, diesel prices cut by 18 paise & 17 paise respectively
Oil & Gas
March 24, 2021
Petrol, diesel prices cut by 18 paise & 17 paise respectively
In the first reduction in rates in over a year, petrol price on Wednesday was cut by 18 paise per…
Upcoming polls keep oil companies from hiking prices
Oil & Gas
March 18, 2021
Upcoming polls keep oil companies from hiking prices
Fuel prices in the country have remained steady for over a fortnight now as softening crude and upcoming elections in…
ONGC’s oil & gas production share jumps to 70%
Oil & Gas
March 14, 2021
ONGC’s oil & gas production share jumps to 70%
ONGC which is often perceived as a drag on the crude oil and natural gas produced in the country, has…
LPG price, petroleum taxes rise since BJP came to power
Oil & Gas
March 9, 2021
LPG price, petroleum taxes rise since BJP came to power
Price of domestic cooking gas, LPG has doubled to Rs 819 per cylinder in the last seven years while the…