Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index decreasing 80.58 points or 0.29% at 27794.75 at 13:41 IST. Among the components of the S&P BSE Oil&Gas index, Bharat Petroleum Corporation Ltd (down 1.76%), Indian Oil Corporation Ltd (down 1.41%),Hindustan Petroleum Corporation Ltd (down 0.62%),Adani Total Gas Ltd (down 0.61%),Linde […]
Category: Oil & Gas
Emissions model for aviation fuel will be ready in very near future: EPA
Revisions to a key emissions model for sustainable aviation fuel feedstocks will be ready “in the very near future,” said U.S. Environmental Protection Agency Administrator Michael Regan in Philadelphia on Friday. The Biden administration pledged last year to update how the Department of Energy’s Greenhouse Gases, Regulated Emissions and Energy Use in Technologies (GREET) model […]
No proposal to resume subsidised rice sale for ethanol production: Official
The government has no proposal to resume sale of subsidised rice to grain-based distilleries for the production of ethanol, Food Secretary Sanjeev Chopra said. “Since July last year, rice has not been diverted for ethanol production. There is no proposal as of now to revisit that policy,” Chopra told reporters on Thursday. He was responding […]
High crude oil prices a cause for concern, India’s oil secretary says
Rising crude oil prices are a cause for concern for the world’s third-largest importer of the commodity, India’s oil secretary Pankaj Jain said on Wednesday. As a consuming nation any increase in prices will cause concern and anxiety, Jain said at an industry event, referring to the “geopolitical premium” in crude prices.
Brent crude price reaches highest level this year on fresh supply threats
Global oil benchmark Brent on Tuesday rose above $89 a barrel for the first time since October, albeit briefly, as oil supplies faced fresh threats from Ukrainian attacks on Russian energy facilities and escalating conflict in the Middle East. Brent futures for June delivery were up $1.15, or 1.3%, at $88.57 a barrel by 13:33 […]
Opec+ ministerial panel unlikely to change output policy at April 3 meeting
An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting on Wednesday, five OPEC+ sources told Reuters, as oil prices hit their highest this year. The Organization of the Petroleum Exporting Countries and allies led by Russia, known as OPEC+, will hold an online joint ministerial monitoring committee meeting […]
Haldia Petchem planning $10 bn oil-to-chemical project in south India
The Chatterjee Group (TCG) is in talks with local and global companies to partner with its majority-owned petrochemical firm Haldia Petrochemicals Ltd (HPL) to build a more than $10 billion project in southern India, HPL’s chief executive said. The private equity firm plans to build the oil-to-chemical project, capable of producing 3.5 million metric tons […]
Oil gains on expectations for higher demand as Middle East concerns rise
Oil prices rose on Tuesday, underpinned by signs that demand may improve China and the U.S., the world’s biggest oil consuming nations, and growing concerns of a widening conflict in the Middle East that could affect supply from region. Brent futures for June delivery rose 41 cents to $87.83 a barrel by 0440 GMT. U.S. […]
Gadkari vows to eliminate petrol, diesel vehicles; tax cut for hybrid cars
As part of his ambition to make India a green economy, Union minister Nitin Gadkari wants to slash GST on hybrid vehicles and has vowed to rid the country entirely of the over 36 crore petrol and diesel vehicles. “One hundred per cent,” Gadkari, the Union Minister for Road Transport and Highways, said when asked […]
LPG commercial, 5 kg FTL cylinder prices cut ahead of Lok Sabha polls 2024
Prices for 19kg commercial cylinders and 5kg Free Trade LPG (FTL) cylinders have been reduced, effective from April 1, 2024, according to a report by ANI. This price cut comes ahead of the Lok Sabha elections 2024, which will be held in seven phases from April 19 to June 1. In Delhi, the price of […]
Russia, Venezuela flows stay strong as cheaper crude evades US curbs
India’s flow of cheap crude oil from Russia and Venezuela continued unabated in March, defying market expectations, as local refiners tweaked their sourcing strategies. They sourced cheaper grades to evade tighter US sanctions, according to industry sources and ship-tracking data. Russian supplies to India increased by around 8.5 per cent to 1.66 million barrels per […]
Yulu partners with Yuva Mobility to launch its e2W service in Indore
Yulu, a shared electric two-wheeler mobility provider, has launched its services in Indore, Madhya Pradesh. Yulu has partnered with a local firm, Yuva Mobility, to operate its electric vehicles (EVs) in the city. This marks the first time Yulu has partnered with a local company to operate its EVs. Yuva Mobility will independently operate Yulu’s […]