Category: Oil & Gas

Petrol and diesel prices were hiked again across the country on Thursday after a pause of two days. Petrol prices increased by Rs 0.35 paise to Rs 104.79 per litre in the national capital while the price of diesel was raised by the same amount to Rs 93.52 per litre. In Mumbai, popularly known as […]

The wholesale price-based inflation eased to 10.66 per cent in September, helped by moderating food prices even as crude petroleum witnessed a spike. WPI inflation remained in double-digit for the sixth consecutive month. In August, it was 11.39 per cent. In September 2020, inflation was 1.32 per cent. The high rate of inflation in September […]

Following the successful completion of the disinvestment of Air India, the government expects to carry out the divestment of BPCL in the current financial year. The government will also come up with Initial Public offerings (IPO) of Life Insurance Company (LIC) during the last quarter of this financial year. Speaking to ANI, Secretary of Department […]

World stocks steadied around the week’s lows with the mood dampened by inflation worries ahead of U.S. consumer price data later on Wednesday, with economic recovery in many countries keeping oil prices near multi-year highs. September U.S. CPI is forecast to show a monthly gain of 0.3%, according to a Reuters poll. Minutes of the […]

Oil held above $80 a barrel after a four-day advance as the global energy crisis fanned demand and the International Energy Agency warned of a spike in volatility and scope for higher prices. West Texas Intermediate was steady after posting the highest close since October 2014 as the IEA said in a flagship report that […]

MELBOURNE (Reuters) – Oil prices dropped on Wednesday, after a mixed finish in the previous session, amid worries that soaring coal and natural gas prices in China, India and Europe will stoke inflation and slow global growth, reducing oil demand. A strong U.S. dollar, trading near a one-year high, also weighed on oil prices, as […]

The impact of the global gas and coal squeeze is rippling through the crude market, with the spot differential for Russia’s diesel-rich Sokol grade soaring on expectations that there will be more demand for substitutes this winter. ONGC Videsh Ltd. sold a cargo for loading in early December at a premium of $5.20 to $5.30 […]

TOKYO (Reuters) – Oil prices rose on Thursday, reversing previous losses, on expectations that high natural gas prices as winter approaches may drive a switch to oil to meet heating demand needs. Brent crude futures gained 28 cents, or 0.3%, to $83.46 a barrel at 0107 GMT after falling 0.3% on Wednesday. U.S. West Texas […]

Oil prices eased on Wednesday on worries that crude demand growth would slow, which ate into recent gains that had brought prices to multi-year highs in recent sessions. Analysts noted that some traders likely took profits in U.S. crude after West Texas Intermediate (WTI) futures hit their highest since October 2014 during the past three […]

India’s fuel demand rose 5.2% in September compared with the same month last year to 15.92 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed on Wednesday. Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes, while diesel sales rose 0.5% […]

LONDON (Reuters) -Oil prices edged down on Wednesday as expectations grew that demand growth will fall as inflation and supply chain issues strain major economies, though surging prices for power generation fuel limited losses. Brent crude futures were down 76 cents, or 0.9%, at $82.66 a barrel at 1406 GMT. U.S. West Texas Intermediate (WTI) […]

Petrol and diesel price rise remained paused again on Wednesday much to the relief of consumers faced with an unprecedented increase in auto fuel prices for the past one month that has taken retail rates to record high levels across the country. Accordingly, in the national capital, petrol continues to be sold at Rs 104.44 […]