NEW YORK: Oil prices rose about 1% on Monday, breaking a stretch of losses, after Saudi Arabia said Opec and its partners believed demand was softening enough to warrant an output cut of 1 million barrels per day next year.
ABU DHABI: The TAPI pipeline project to supply Turkmenistan’s gas to India and Pakistan via Afghanistan is moving closer to securing funding and a final investment decision could be made next year, its chief executive said on Tuesday.
PUNE: The Maharashtra Natural Gas Limited (MNGL), which supplies compressed natural gas (CNG) to urban and rural areas in Pune, has approached the municipal corporations in Pune, Pimpri Chinchwad, Savitribai Phule Pune University and also the cantonment boards (of Pune and Khadki) to provide vacant spaces to set up refilling stations.
NEW DELHI: The Supreme Court appointed environment pollution watchdog, EPCA, is likely to ask the taxi aggregators to engage only CNG-fuelled vehicles for transporting passengers within NCR throughout the year and desist from attaching any diesel vehicle for inter-city movement within the region.
NEW DELHI: Higher gas marketing and transmission volumes combined with higher petrochemical sales boosted GAIL’s net profit to Rs 1,963 crore in the second quarter, marking a 50% jump from Rs 1,310 crore in the previous corresponding period.
NEW DELHI: The US government’s decision to allow India import oil from Iran despite the sanctions is valid till the first week of May and will help the Narendra Modi government avoid any pressure till the conclusion of its current term and also open the window to push exports of several goods — from foodgrains…
BENGALURU: The state government has been turning a blind eye to the demand for revision of autorickshaw fare commensurate with skyrocketing LPG (liquified petroleum gas) prices. In a desperate bid to cushion the burden, several auto drivers in the city are demanding exorbitant tariff from passengers.
NEW DELHI: India is close to a deal with the US that will allow it to continue buying crude oil from Iran without attracting any sanction after it agreed to cut imports and escrow payments, sources in know of the development said.
New Delhi, Nov 1 () India on Thursday said it was engaged with the US, Iran and other stakeholders on the issue of American sanctions on import of Iranian oil, amid indications that the Trump administration may grant New Delhi waiver from punitive measures.
NEW DELHI: With an over 30% reduction in imports of oil from Iran in the past few months, India is hoping to be eligible for a waiver on Iran oil sanctions from this weekend. The US State department is expected to announce sanctions and waivers as the deadline for “zero oil imports” from Iran kicks…