Category: Oil & Gas

Most major Gulf markets weakened on Monday, tracking lower oil prices ahead of a crucial meeting of producer group Organization of the Petroleum Exporting Countries (OPEC+), but they were set to finish the month higher on hopes of a COVID-19 vaccine. Financial markets worldwide have gained in most sessions over the past couple of weeks […]

DUBAI/LONDON – OPEC+ members began a meeting on Monday to discuss whether to extend existing oil cuts for three to four months or to increase output gradually from January, as the coronavirus crisis continues to pummel demand for fuel. Officials from the Organization of the Petroleum Exporting Countries, Russia and others, a group known as […]

Shares of Petronet LNG NSE 1.35 % Ltd. gained 2.09 per cent to Rs 254.6 in Tuesday’s trade. It hit a high of Rs 257.45 and low of Rs 251.45 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 238.28, while the 50-DMA was at Rs 232.42. If a […]

New Delhi: CNG stations anchored on petrol pumps will not be open to third party hiring, gas regulator PNGRB has said. Also, oil marketing companies – such as Indian Oil Corp (IOC) – will be barred from setting up their own CNG dispensing units in their petrol pumps that have been let out for CNG […]

New Delhi: Petrol prices have scaled a 25-month peak following successive rate hikes by state oil companies in the last ten days. Since 19th November, petrol prices have risen by Rs 1.28 per litre while diesel prices are up by Rs 1.96 per litre. Petrol sold for Rs 82.34 per litre on Monday in Delhi, […]

Bhopal: Petrol prices crossed the Rs 90 per litre mark in the state capital on Monday. Petrol rate was Rs 90.05 per litre while diesel was being sold at Rs 80.10 per litre in Bhopal on Monday, said Madhya Pradesh Petrol Pump Owners Associations president Ajay Singh. He said that crude prices are going up […]

SINGAPORE: Oil prices fell about 1% on Monday amid investor jitters ahead of an OPEC+ meeting to decide whether the producers’ group will extend large output cuts to balance global markets. January Brent crude futures, which will expire later on Monday, dropped 58 cents, or 1.2%, to $47.60 a barrel by 0008 GMT. The more […]

VIENNA: The OPEC oil producers’ club and its allies will hold a virtual meeting on Monday and Tuesday to finalise an expected extension to production cuts as the coronavirus pandemic continues to weigh on global demand. The meeting comes as the oil industry hopes to turn a page on a disastrous year which saw the […]

Petrol price on Saturday crossed Rs 82-mark in Delhi and diesel surpassed Rs 72 a litre after eighth increase in rates in past nine days. Petrol price on Saturday was hiked by 24 paise per litre and diesel by 27 paise as hopes of a vaccine development led to a rally in international oil prices. […]

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 […]