Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a mandated reduction in Canadian supply. Brent crude oil rose $1.55 or 2.5 percent to a high of $63.24 by 0955 GMT. U.S. light crude was $1.25 higher at $54.20. Both benchmarks climbed around […]
Opec and its allies are working towards a deal to reduce oil output by at least 1.3 million barrels per day, four sources said, adding that Russia’s resistance to a significant production cut was so far the main stumbling block. Opec meets on Thursday in Vienna, followed by talks with allies such as Russia on […]
Indonesia’s Lion Air is reviewing airplane purchases from Boeing Co and has not ruled out cancelling orders as relations worsen in a spat over responsibility for a 737 jetliner crash that killed 189 people in late October, sources told Reuters. Group co-founder Rusdi Kirana is furious over what he sees as attempts by Boeing to […]
The Gujarat government last week passed an order to allow thermal power plants owned by Adani, Tata and Essar groups to pass on the higher cost of coal to discoms, which means that ultimately consumers will bear the brunt of higher power tariffs. The decision was taken in accordance with the Supreme Court order and […]
Petrol and diesel may soon again become cheaper in Delhi as compared to adjoining cities of Uttar Pradesh as ad valorem duty structure has translated into a bigger reduction in daily prices in the national capital. While petrol and diesel traditionally have been cheaper in Delhi than most states in the country, due to lower […]
Average spot power price in November plunged 40 per cent to Rs 3.59 per unit as compared to the previous month, mainly on account of low demand in northern and western states due to onset of winter, Indian Energy Exchange (IEX) said Tuesday. “The average Market Clearing Price (MCP) at Rs 3.59 per unit registered […]
NEW DELHI: A Delhi court on Monday said it would pronounce on December 5 its order on the sentencing of former coal secretary H C Gupta and five others convicted for irregularities in the allotment of coal blocks to a private firm in West Bengal.
CHENNAI: With India planning to reduce crude oil imports by 10% by 2022, there is increased emphasis on alternate and sustainable source of fuels. TN, a non-starter so far, is going to foray into green CNG in a big way.
BHUBANESWAR: The Central Electricity Supply Utility (CESU) has achieved 100 per cent saturation of household electrification in its area of operation under the Central-sponsored Saubhagya scheme.The utility has completed electrification of 5,39,270 unelectrified households under Electricity for All programme as on November 2018, one month ahead of the target fixed by the State Government.
THIRUVANANTHAPURAM: The state government is planning to set up an aeronautical manufacturing facility in Kannur to develop infrastructure facilities, which will attract global and Indian majors.
VIJAYAWADA: The sustained efforts of AP power sector in providing 24X7 quality and reliable power supply to consumers have earned three more national awards, adding up to more than 105 national awards won till date
BENGALURU: Eleven Tanzanian nationals working in the renewable energy sector visited installations of renewable energy systems in rural Karnataka as part of a learning exchange visit organised by the not-for-profit Selco Foundation.