Category: Oil & Gas

Russia will cut natural gas supplies to Finland on Saturday, according to Finland’s state energy provider, the latest salvo in a growing confrontation between the two countries over the war in Ukraine. Finland this week applied to join Nato, reversing a longstanding policy of military neutrality and angering Russia, which sees the eastward expansion of […]

Sri Lanka’s central bank has secured foreign exchange to pay for fuel and cooking gas shipments that will ease crippling shortages, its governor said on Thursday, but police fired tear gas and water canon to push back student protesters. Most of Sri Lanka’’’’s petrol stations have run dry as the island nation battles its most […]

After the Rs 3.50 hike, which followed a Rs 100 increase since March, a 14.2kg cooking gas cylinder costs more than Rs 1,000 across the country. “On behalf of all the housewives — Thank You Modi ji!” Congress spokesperson Randeep Singh Surjewala tweeted. As the rupee fell another 3 paise to close at a lifetime […]

The government has approved a proposal to bring forward the target of blending 20 per cent ethanol in petrol by five years to 2025-26. At present, about 10 per cent of ethanol is blended in petrol. As part of the amendments to the National Policy on Bio-fuels, the cabinet also allowed more feed-stocks for the […]

The Centre has decided to pull the plug on the plan to privatise Bharat Petroleum Corporation Ltd (BPCL). The country’s second largest oil marketing company was envisioned as the tour de force of India’s disinvestment programme ever since the Union cabinet first approved plans to sell its 52.98 per cent stake in the petroleum refiner […]

The European Commission on Wednesday unveiled a 210 billion euro plan for Europe to end its reliance on Russian fossil fuels by 2027, and to use the pivot away from Moscow to quicken its transition to green energy. The invasion of Ukraine by Russia, Europe’s top gas supplier, has prompted the EU to rethink its […]

The increasing use of firewood instead of LPG cylinders among forest villagers of Alipurduar district owing to the steady rise in prices of domestic gas and withdrawal of subsidies on LPG has prompted district Trinamul leaders to launch a movement against the saffron camp on the issue and try to revive its support among tribal […]

A day after Congress forged ahead with a mammoth US financial commitment to Ukraine, the EU’s continued determination to confront President Vladimir V. Putin of Russia was being tested on Wednesday as EU ambassadors again failed to reach an agreement to ban Russian oil. Talks in Brussels broke off for the day as Hungary, which […]

Brent crude price fell on Tuesday because of concerns over a global slowdown and depressed demand from oil guzzler China on account of a spate of Covid-lockdowns. Besides, Saudi Aramco cut its Asian premium for June shipments to $4.40 a barrel from $9.35 in May, which added to market jitters. Sources said India will continue […]

The consistent surge in prices of LPG cylinders over the past few months has prompted many forest villagers of Alipurduar district to opt for firewood for cooking, which not only harms forests but also highlights the failure of the Narendra Modi government’s much-talked-about Ujjwala Yojana. In Alipurduar, there are 65 forest villages on the fringes […]

Adani Total Private Limited has withdrawn its EoI to build a natural gas pipeline from Haldia to Panitar following objections by H-Energy (Hiranandani Energy) and others. Adani Total has “withdrawn the said EoI. Accordingly, it has been decided to close the said EoI”, the upstream regulator PNGRB said in a notification. The Telegraph had earlier […]

The Congress on Saturday slammed the government over the hike in price of domestic LPG cylinder with former party chief Rahul Gandhi saying millions of Indian households are waging a difficult battle against “extreme inflation”, unemployment and “poor governance”. The Opposition party also said the central government should roll back the hike in the price […]