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Latest Articles in Oil and Gas
Oil At $103: No Fears Of Supply Disruption To India, Prices A Concern
Brent crude rose to as much as USD 103.78 a barrel, the highest since August 14, 2014, and was at USD 103.40 at 1500 hrs, up USD 6.71, or 6.93 per cent
Read MoreIndia's Fuel Demand Expected To Grow 5.5% Next Fiscal: Govt Estimates
India's fuel demand is likely to grow 5.5 per cent in the fiscal year beginning April 1 as economic activity picks up after devastation caused by the pandemic
Read MoreIndia Expects Fuel Demand To Grow 5.5% In The Next Fiscal Year
Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8% to 33.3 million tonnes, while gasoil consumption was slated grow by about 4% to 79.3 million tonnes, the data showed.
Read MoreFeb First-half Gasoil, Gasoline Sales Pick Up As COVID Curbs Ease
States in India have opened schools and colleges, and eased night-curfews among other curbs, after a sharp decline in infections.
Read MoreOil Hits Seven-Year Highs Amid Frigid US Weather And Geopolitical Tensions Among Major Oil Producers
Crude prices, which have already rallied about 20 per cent so far this year, are likely to surpass $100 per barrel due to strong global demand, market strategists said this week
Read MoreONGC, IOC, Others To Spend Rs 1.11-tn Capex In FY23
ONGC has planned a capital expenditure (capex) of Rs 29,950 crore in FY23, marginally lower than the revised estimated expenditure of Rs 30,500 crore in the current fiscal
Read MoreIndian Oil To Invest $944 Million On Gas Sales Network In Nine New Areas
IOC said it has obtained nine licences to sell gas to households, automobiles and small industries, representing about a third of the demand potential in 61 geographical areas in various states that were recently auctioned by the Petroleum and Natural Gas Board.
Read MoreJindal SAW Ltd. Partners With Hunting Energy Services To Set-Up India’s First ‘State-Of-The-Art’ Premium Connection Threading Facility
The facility is targeted to be operational by the end of 2022, with three threading lines being commissioned over time with an annual capacity of 50,000 metric tonnes. It is anticipated that the venture will employ approximately 100 staff members once fully operational and will achieve close to 70% in capacity in two years.
Read MoreOil Prices At Seven Year High; What Explains The Surge?
An outage on a pipeline from Iraq to Turkey have increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates
Read MoreOil At $84 Again: Petrol, Diesel Price On Hold For 68th Day In A Row
Petrol and diesel prices have remained unchanged for 68 days in a row despite a USD 16 swing in international oil prices and global rates again climbing to USD 84 per barrel, oil company data showed.
Read MoreIndia's Fuel Demand Hit 9-Month High In December 2021: Government Data
India's fuel consumption in December scaled a nine month peak, government data showed, although a fresh Covid wave may slow the recovery of demand
Read MoreThe Year Of Opportunities For The Oil And Gas Industry
The year 2022 would be transformational for the Oil and Gas Industry and if world economies continue to make advances towards keeping the pandemic under control
Read MoreSri Lanka Signs Deal To Lease Oil Tanks To Indian Oil Amid Financial Crisis
The signing of the deal comes ahead of Chinese Foreign Minister Wang Yi's visit to Colombo this weekend, with China also vying for clout in Sri Lanka.
Read MoreDiesel Sales Rise In December, But Omicron Seen Dampening Demand
Indian state refiners' daily diesel sales rose in December from the previous month but a rapid surge in infections due to the Omicron coronavirus variant could hit fuel demand in Asia's third largest economy.
Read MoreIndian Oil Corporation, Adani Total Gas Emerge Top Bidders For City Gas Licenses
Adani Total Gas Ltd bid for 52 GAs. Adani group had originally ventured into city gas business in a joint venture with IOC but it later tied up with Total. Adani and IOC did not put any combined bid in the latest bidding round.
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