Category: Oil & Gas

CBI officers probing the Bogtui massacre visited a petrol pump near Bogtui more in Birbhum district on Monday evening to scan the CCTV footage there after preliminary forensic reports revealed that highly inflammable fuel had been liberally used to set several houses on fire on the night of March 21. The fuel was allegedly ferried […]

State-owned refiner IOC, engineering and construction giant Larsen & Toubro and renewable energy company ReNew Power on Monday came together to form a joint venture to develop a green hydrogen business. IOC and L&T have additionally signed a pact to form a joint venture with equity participation to manufacture and sell electrolysers used in the […]

A tanker loaded with one million barrels of Russian oil set sail from Murmansk this month, headed for Philadelphia. Then, in the middle of the Atlantic, it did an abrupt U-turn. The ship, Beijing Spirit, had apparently lost the buyer for its oil. It removed “Philadelphia” as its listed destination, according to the global maritime […]

State-owned Oil and Natural Gas Corporation is likely to see a $3 billion (about Rs 23,000 crore) rise in its annual earnings from the more than doubling of the price of natural gas , while Reliance Industries may get $1.5 billion (Rs 11,500 crore) more in revenue, a report has said. The government from April […]

Petrol and diesel prices were on Saturday hiked by 80 paise a litre each, taking the total increase in rates in the last 12 days to Rs 7.20 per litre. Petrol in Delhi will now cost Rs 102.61 per litre as against Rs 101.81 previously, while diesel rates have gone up from Rs 93.07 per […]

The International Energy Agency says its members agreed Friday to release further oil from their emergency reserves in response to the market turmoil caused by Russia’s invasion of Ukraine. The Paris-based agency said in a statement that the agreement was reached at an extraordinary meeting of ministers. It did not provide information on how much […]

Finance minister Nirmala Sitharaman on Friday said New Delhi would continue to purchase crude from Russia as its people required oil at a discount after the surge in global prices. India has started buying oil from Russia, she said, adding that the transition to gas was challenging as supplies had reduced. Russia’s foreign minister Sergei […]

Jet fuel prices on Friday were hiked by 2 per cent – the seventh straight increase this year – to an all-time high, reflecting a surge in global energy prices. Aviation turbine fuel (ATF) – the fuel that helps aeroplanes fly – was hiked by Rs 2,258.54 per kilolitre, or 2 per cent, to Rs […]

Activists of Indian National Congress led by district president Brajendra Prasad Singh on Thursday staged a massive demonstration at the district headquarters against price rise and recent hike in petrol, diesel and LPG prices. The protesters who were seen protesting with empty plates, LPG cylinders and also parked bikes at the Dharna site near Randhir […]

Stepping up the attack against the government over steep hike in fuel prices, Congress leader Rahul Gandhi on Thursday said the rise in petrol and diesel prices has been unprecedented and demanded its roll back. Leading a protest by Congress MPs on the issue at Vijay Chowk here, he said prices of petrol and diesel […]

President Joe Biden on Thursday will launch the largest release ever from the US emergency oil reserve to try to bring down gasoline prices that have soared during Russia’s war with Ukraine, the White House said. Starting in May, the United States will release 1 million barrels per day of crude oil for six months […]

European buyers of Russian gas faced a deadline to start paying in roubles on Friday, while negotiations aimed at ending the five-week war were set to resume even as Ukraine braced for further attacks in the south and east. Moscow’s invasion of its neighbour has killed thousands, sent millions fleeing and galvanised the United States […]