Oil & Gas articles

Fuel pipeline blaze in Mexico kills 21, injures dozens

A massive fire broke out at an illegal pipeline tap in central Mexico on Friday, killing at least 21 people and injuring 71 more, just as the government wages a major crack-down on fuel theft. Scores of locals with jerry cans and buckets had been collecting gasoline that was gushing from a leaking pipeline when

UN experts: Fuel from Iran is financing Yemen rebels’ war

Fuel is being shipped illegally from Iran to Houthi Shiite rebels in Yemen to finance their war against the government, and both sides are violating international law with their military campaigns and arbitrary detention of rivals, UN experts said in a new report. The experts painted a grim picture of a “deeply fractured” country sliding

Saudis cut, Russians hiked output ahead of pact: IEA

Saudi Arabia demonstrated its resolve to lift oil prices by slashing output ahead of the entry into force of new pact limiting production while Russia boosted output to a record level, the International Energy Agency said Friday. World oil markets have been on a rollercoaster ride in recent months, with OPEC and its partners including

Oil falls back to $60 on concerns about China slowdown

Oil slipped to around $60 a barrel on Monday after data showed weakening imports and exports in China, the world’s second-largest oil consumer, raising the prospect of a slowdown in fuel demand. China’s exports fell by the most in two years in December while imports contracted, official figures showed, pointing to further weakness in what

MNRE amends bidding guidelines for solar projects; reduces commissioning timeframe

The Ministry of Power has amended the competitive bidding guidelines for the procurement of power from grid-connected solar photovoltaic (PV) projects, incorporating changes to further the pace of solar installations in the country. This is the second time these guidelines have been amended. The guidelines were previously amended in June 2018. Amendments • A minimum