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Latest Articles in Oil and Gas
Putin Bans Oil Exports To Countries That Imposed Price Caps
The price cap was agreed upon by the United States, Canada, the European Union, Japan, the United Kingdom and Australia, whereas, the United States and Canada have prohibited the import of Russian oil and the European Union has prohibited sea imports this month
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G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil
The nations said they anticipated that any revision of the price would include a form of grandfathering to allow compliant transactions concluded before the change
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Essar Oil UK To Build £360 Mn Carbon Capture Facility At Stanlow Refinary
The company is investing over £1 billion into a range of energy efficiency, fuel-switching, and carbon capture initiatives, designed to decarbonise its production processes significantly by 2030
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Azerbaijan Emerging As An important Crude Oil Supplier To India: MEA
Bilateral trade has grown many-folds and today stands at around USD 1 billion (January to September 2022), the ministry said
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Oil Falls On Demand Concerns, Strong Dollar
The International Energy Agency said this weekoildemand growth would grind to a halt in the fourth quarter. The dollar held near recent peaks, supported by expectations the U.S. Federal Reserve will continue to tighten policy
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Oil Slumps On Fears Over Economic Slowdown, Stronger Dollar
Brent crude futures for October settlement fell $1.60, or 1.6 per cent, to $95.12 a barrel
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Oil Prices Fall By 1% Over Fuel Demand Worries Ahead Of OPEC+ Meeting
Oil prices fell about 1% in early trade on Wednesday before paring some losses, ahead of a meeting OPEC+ producers on fears of a slowdown in global growth hitting fuel demand and a firmer dollar
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Oil Slides 2% On Rising US Fuel Stocks And Output
Oil prices slid about 2% on Wednesday as a rise in U.S. gasoline and distillate inventories and worries about slower economic growth around the world offset ongoing concerns about tight crude supplies
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Oil Prices Below $100 Per Barrel, A Day After Crashing 7% On Demand Worries
Oil prices fell below $100 per barrel as US inventory data showed buildups in crude oil amid rising fears of a global economic slowdown
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CNG, PNG Get More Expensive In Mumbai As MGL Hikes Prices: Check New Rates
MGL has increased the retail price of CNG by Rs 4/kg to Rs 80 and that of domestic PNG by Rs 3/SCM (standard cubic metre) to Rs 48.50, in and around Mumbai
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India's Consideration For Crude Oil Purchases Very Well Understood: Kwatra
The foreign secretary said India's consideration for crude oil purchases has been very well understood by the global community
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Pakistan Steeply Hikes Fuel Prices Up To 29% To Secure IMF Funding
The new petrol price has been fixed at Rs 233.89 per litre, HSD at Rs 263.31 per litre and kerosene oil at Rs 211.47 per litre
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India's Petrol, Diesel Sales Jump In First Fortnight Of June
Diesel, the most-used fuel in the country, saw sales jumping 47.8 per cent year-on-year to 3.4 million tonnes between June 1-14.
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Indian Private Refiners Profit From Cheap Russian Crude As State Refiners Suffer
While many Western buyers are avoiding Russian crude in response to its invasion of Ukraine, Indian private refiners such as Reliance and Nayara have been among the biggest buyers this year of discounted Russian supplies
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How The Ukraine Conflict Is Reshaping Global Oil Markets
Even if the EU agrees to an oil ban in its next round of Russian sanctions, analysts said the impact could be tempered by demand from Asia
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