Amid the ongoing controversy over barricading on NH-44 in front of a roadside dhaba in Kurukshetra, the National Highway Authority of India (NHAI) has decided to seal all illegal entry and exit points on the Panipat-Jalandhar stretch of the highway. This was informed by NHAI, Ambala’s section engineer Bhanu Pratap Singh while presenting his report […]
Day: June 30, 2021
United Airlines places biggest ever order for Boeing and Airbus jets
(Reuters) -United Airlines confirmed its largest ever order for Boeing and Airbus jets on Tuesday, lining up 270 planes in a push for post-pandemic growth with bigger jets for domestic flying. The order for 200 Boeing 737 MAX and 70 Airbus A321neo jets, worth over $30 billion at list prices, will boost United’s domestic capacity […]
Coal India committed to achieving carbon offset of 60k tonnes by year-end
State-owned Coal India Ltd (CIL) is committed to achieving a carbon offset of over 60,000 tonnes by the end of this year, according to a statement issued by the coal ministry on Tuesday. Apart from taking immediate action for efficient use of energy, CIL, which accounts for over 80 per cent of domestic coal output, […]
Oil steadies as OPEC fuels demand hopes amid new Covid-19 worries
NEW YORK (Reuters) – Oil prices steadied on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC’s secretary general, slightly overshadowing travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. Brent crude futures settled up 8 cents, or 0.1%, at$74.76 a barrel, having slumped […]
Oil firms as demand hopes outweigh rise of COVID-19 variant
LONDON (Reuters) – Oil prices rose on Tuesday as broad hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus prompting fresh mobility curbs worldwide. Brent crude futures were up 50 cents, or 0.7%, at $75.18 a barrel by 1400 GMT, having slumped by 2% on Monday. […]
Oil rises as OPEC fuels demand hopes amid new Covid-19 worries
NEW YORK (Reuters) – Oil prices rose on Tuesday as broad hopes for a demand recovery persisted, fueled by comments from OPEC’s secretary general, overshadowed travel curbs due to new outbreaks of the highly contagious Delta variant of the coronavirus. Brent crude futures were up 33 cents, or 0.4%, at $75.01 a barrel by 11:49 […]
Oil prices ‘very challenging’, need them to sober a bit: India to Opec
Ahead of a meeting of oil producers’ cartel OPEC, India on Tuesday said the current oil prices are “very challenging” and rates need to be a “little bit sober” lest they impact a consumption-led recovery of the global economy. Oil Minister Dharmendra Pradhan, who last week again urged OPEC to phase out its production cuts, […]
Fuel price rise continues unabated, rates rise sharply again today
Global cues pushed fuel prices to increase again across the country on Tuesday adding more misery for the common man already grappling with rising food prices amid shrinking income. The retail prices of petrol and diesel rose by a sharp 35 paise and 28 paise per litre on Tuesday to touch new high of Rs […]
Pakistan’s gas crisis deepens as companies halt supply till July 5
The gas crisis in Pakistan has deepened after two state-owned companies on Monday announced complete closure of gas supply till July 5 to industries and CNG stations following a decline in gas availability, low pressure in the system and dry docking of an LNG terminal. According to Dawn, CNG stations in the Sindh province were […]
India sees fuel demand recovery to pre-pandemic level by end-2021
NEW DELHI (Reuters) – India’s fuel demand, hit by a deadly second wave of coronavirus, would recover to pre-pandemic levels by the end of this year, oil minister Dharmendra Pradhan said on Tuesday. Local fuel consumption- a proxy for oil demand – in May slumped to its lowest since last August as lockdowns and restriction […]
Dharmendra Pradhan puts ONGC, OIL on notice: Perform or get shipped out
Petroleum Minister Dharmendra Pradhan on Tuesday put state-owned ONGC and OIL on notice saying oil and gas reserves they hold need to be monetised through joint ventures with domain experts or the government will take them away and auction them. Speaking at BNEF Summit, he said state-owned firms cannot indefinitely sit on resources when the […]
Monetise reserves or get set for auction: Oil minister Pradhan to ONGC, OIL
Taking into account the acreage Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) hold amid the country’s dependency on imports for oil, Petroleum Minister Dharmendra Pradhan today said that the reserves held need to be monetised else the government would take it away for auctioning. Speaking at BNEF Summit today, Pradhan said […]