Category: Oil & Gas

NEW DELHI: Gasoline prices in the US are declining just in time for Thanksgiving, and there is a possibility they might continue to reduce till Christmas, as OPEC Plus oil cartel is struggling with the apparent disarray, reports The New York Times.. The recent decline in gas prices has contributed to tackle the inflation rate […]

Oil prices dipped about 2% on Thursday, extending losses after the postponement of an OPEC+ meeting stoked expectations that the group might not deepen output cuts next year. Brent crude futures were down $1.40, or about 1.7%, at $80.56 a barrel by 1434 GMT after falling as much as 4% on Wednesday. US West Texas […]

PARIS: The current $800 billion invested annually in the global oil and gas sector could be halved by 2030 if a goal to limit global warming to 1.5 degrees Celsius is to be reached, the International Energy Agency (IEA) said in a report Thursday. The report added that no new long-lead-time oil and gas sector […]

AHMEDABAD: Datum a solution has come as a major relief for the construction site as it helps in saving diesel consumption at the sites. The solution is being used at the sites of the construction of the Ahmedabad-Mumbai Bullet train. The construction industryis witnessing rapid expansion driven by infrastructure developments, but managing operational expenses efficiently […]

BENGALURU: Indian blue-chip indexes advanced on Thursday, after fresh US data signalled a cooling economy, adding to optimism over the interest rate outlook, while a fall in oil prices also supported. The NSE Nifty 50 index rose 0.13% to 19,836.80 points and the S&P BSE Sensex was also up 0.13% at 66,109.70, as of 9:52 […]

DUBAI/LONDON: Opec+ has delayed a ministerial meeting expected to discuss oil output cuts to November 30 from November 26, Opec said in a statement on Wednesday, a surprise development that sparked a further drop in oil prices. Sunday’s meeting of the Organisation of the Petroleum Exporting Countries (Opec) and allies such as Russia, known as […]

NEW DELHI: Indraprastha Gas Ltd could well be the one to lead Indian trucking into the gas age, a move that will have positive implications for air quality in the NCR and gradually spread to other cities. The country’s largest city gas network operator has tied up with CONCOR (Container Corporation of India) to help […]

KOLKATA: Reliance Industries Chairman and MD Mukesh Ambani on Tuesday announced an additional Rs 20,000-crore investment for West Bengal over the next three years. Ambani said the fresh investment will be in the areas of digital life solutions, retail and bio-energy. “Bengal has been one of the largest investment destinations for Reliance… We plan to […]

NEW DELHI: Delhi’s Indraprastha Gas Ltd could well be the one to lead Indian trucking into the gas age, a move that will have positive implications for air quality in the NCR (national capital region) and gradually spread to other cities. The country’s largest city gas network operator has tied up with CONCOR (Container Corporation […]

India is making plans to establish a strategic natural gas reserve that can store up to 4 billion cubic metres (BCM) of imported gas. This reserve will serve as a backup in case of supply emergencies and help stabilize the domestic market, people familiar with the matter told ET. The decision to set up the […]

HOUSTON: Oil prices climbed more than 2% on Monday as further supply cuts in OPEC+ production are expected to be announced following a meeting of member countries early next week. Brent crude futures settled up $1.71, or 2.1%, at $82.32 a barrel. The front-month December West Texas Intermediate crude (WTI) expired at $77.60, up $1.71, […]

NEW DELHI The government on Thursday reduced windfall tax on crude oil to Rs 6,300 per tonne from Rs 9,800 in its fortnightly review which will benefit upstream oil companies including ONGC and Oil India Ltd. In the last fortnightly review on October 31, the government had hiked the windfall tax on crude to Rs […]