Daily Archives: December 5, 2018

Oil prices fall on swelling glut, economic growth concerns

Oil fell on Wednesday as a swelling supply glut and signs of an economic slowdown weighed on crude prices a day ahead of an OPEC meeting at which the producer club is expected to decide supply cuts. International Brent crude oil futures were at $61.16 per barrel at 0757 GMT, down 92 cents, or 1.5

ONGC gets $32 million payment from Venezuela’s PDVSA

India’s Oil and Natural Gas Corp has received a payment of $32 million from Petroleos de Venezuela (PDVSA) as part of a settlement of outstanding dividend payments and said it now hopes that Venezuela’s state oil firm will be regular in making further payments, a senior ONGC official said. “It is a good development,” said

MERC tells firm to explain ‘inflated’ power bills

Power regulator MERC on Tuesday issued a notice to Adani Electricity seeking an explanation on recent reports of consumers receiving “increased electricity bills”. It pointed out that the average tariff increase approved by MERC for Adani was 0.24% and said that there were complaints from consumers about receiving electricity bills based on average energy consumption

Power sourcing through open access market will be a player in the future

Karnataka Electricity Regulatory Commission (KERC) Chairman M K Shankarlinge Gowda has said trading of electricity through Open Access System will turn out to be an accepted norm in the near future. In his address at a workshop on Power Sourcing and Open Access System in Karnataka organised by Bangalore Chamber of Industry and Commerce (BCIC)

Soon fly from Delhi to Kerala in just Rs 3119

Soon you can fly from Hindon air base in Delhi-NCR to Kannur in Kerala at just Rs 3119! This may sound unbelievable especially for those who plan a trip to Kannur but are forced to postpone due to the limited number of flights and high air fares. According to a Malayalam Manorama news report, passengers