Daily Archives: December 3, 2018

Limited impact of Qatar’s withdrawal from Opec, say analysts

Crude oil futures are likely to witness some gains in the near term following Qatar’s withdrawal from the Organization of the Petroleum Exporting Countries (Opec) in January 2019. However, analysts say the impact on prices will remain muted as the country is a small producer in the cartel. Qatar’s Energy Minister Saad al-Kaabi told a

24 remote villages in Arunachal Pradesh to get a road at last

More than 4,000 people in 24 remote villages in Arunachal Pradesh’s Lower Siang district would get a proper road connectivity for the first time within a few months, an organisation which is spearheading the campaign for the construction of the road claimed Monday. The residents of 24 notified villages in remote Kangku circle of the

Oil prices surge on output cut pledge, US-China deal

Oil prices soared on Monday after Russia and Saudi Arabia renewed a pact to cap output, while the US agreed to halt raising tariffs on Chinese imports, stalling a trade row that many feared could hit demand for the commodity. Russian President Vladimir Putin said Saturday he and Crown Prince Mohammed bin Salman “have agreed

Power firms cheer Gujarat’s tariff hike proposal, but many hurdles remain

The imported-coal-based thermal power units in Gujarat are delighted at the prospects of long-pending power tariff hike. However, the regulatory route continues to remain challenging. Following the directive of a Supreme Court order last month, the Gujarat government has asked its power distribution companies (discoms) to move the Central Electricity Regulatory Commission (CERC) and seek

Substantial interest for Pawan Hans sale: Disinvestment Secy

A senior government official Monday said the Centre has received “substantial” interest for Pawan Hans stake sale and plans for Air India disinvestment also continues. The government owns 51 per cent in Pawan Hans, which has a fleet of 46 choppers. The remaining 49 per cent is with state-run ONGC If the sale goes through,