Category: Oil & Gas

MOSCOW/DUBAI – A panel of OPEC+, a group of leading oil producing countries, will hold informal online talks on Sunday – a day later than scheduled – prior to meetings planned for next week, a source with the knowledge of the matter told Reuters. The talks had initially been scheduled for Saturday, according to a […]

Oil prices were mixed on Friday but remained on course for a fourth straight week of gains ahead of an OPEC+ meeting early next week. Brent crude for January rose 19 cents, or 0.4%, to $47.99 a barrel by 1443 GMT and the more active February contract gained 25 cents to $48.04. West Texas Intermediate, […]

Shares of Petronet LNG NSE -1.86 % Ltd. fell 0.04 per cent to Rs 256.05 in Friday’s trade as of 11:59AM (IST) even as the benchmark Nifty ruled at 12986.75, down 0.25 points. The scrip had closed at Rs 256.15 in the previous session. The stock quoted a 52-week low of Rs 170.75 and a […]

Shares of the Hindustan Petroleum Corporation Ltd. traded at Rs 211.55 on BSE at 01:02PM (IST) on Friday, down 0.84 per cent from previous close. The stock quoted a 52-week low price of Rs 155.0 and a high of Rs 293.35. Earlier, shares of the company saw a gap up opening in the morning.

Mumbai: Shares of gas transmission companies rallied up to 14 per cent on Friday after the regulator notified regulations for unified gas transmission tariff structure and simplified it. At 3:04 pm, Gujarat Gas was up 1.85 per cent at Rs 350.50, while Indraprastha Gas NSE 10.77 % climbed 10.48 per cent to Rs 494.40. Mahanagar […]

New Delhi: LPG customers of Bharat Petroleum Corporation Limited (BPCL NSE -1.32 %) will continue to get cooking gas subsidy post-privatisation of the nation’s second-biggest fuel retailers, Oil Minister Dharmendra Pradhan said on Friday. “Subsidy on LPG is paid to consumers directly and not to any company. So the ownership of the company that sells […]

“Reskilling of employees in newer digital technologies and web-based collaborative tools will be essential to adapt to the new normal,” said Pushp Kumar Joshi, Director, Human Resources, HPCL NSE -1.78 %. “The process of reskilling shall continue to get prominence in our plans,” Joshi said in an interview to ET. Edited excerpts: Would reskilling be […]

Oil slipped from seven-month highs on Thursday as signs of growing supplies helped to halt a rally driven by optimism that COVID-19 vaccines will revive fuel demand. Brent futures had risen to nearly $50 a barrel this week after three major pharmaceutical companies announced progress on vaccines that could start to be rolled out before […]

TOKYO: Oil prices were mixed on Friday in quiet trade due to the U.S. Thanksgiving holiday, with West Texas Intermediate (WTI) dropping more than 1% amid concerns about oversupply and doubts about a vaccine to end the coronavirus pandemic. WTI was down by 69 cents, or 1.5%, at $45.02 by 0104 GMT. U.S. crude prices […]

Shares of GAIL (India) Ltd. traded 0.15 per cent up at Rs 102.1 at around 12:00PM (IST) on Thursday. The stock had closed at Rs 102.25 in the previous session. Equity benchmark Sensex traded 124.7 points lower at 43703.4 around the same time. The scrip has declined 18.35 per cent in the last one year […]

Shares of Indraprastha Gas NSE 12.37 % Ltd. rose 12.63 per cent to Rs 504.0 at 10:00AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 232,826 shares with a turnover of […]

New Delhi: Oil regulator PNGRB has simplified the country’s gas pipeline tariff structure to make the fuel more affordable for distant users and to attract investment for building gas infrastructure. The Petroleum and Natural Gas Regulatory Board (PNGRB) has notified regulations for a ‘unified’ tariff structure for over a dozen pipelines that form the National […]