July,23,2018,Monday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Petrol Prices Cut For Fourth Straight Day, Diesel Falls By 7 Paise. Check Fuel Prices In Your City

Petrol Prices Cut For Fourth Straight Day, Diesel Falls By 7 Paise. Check Fuel Prices In Your City

The oil marketing companies (OMCs) on Sunday cut the petrol prices for the fourth straight day.

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MOST NOTABLE STORIES OF THE WEEK

Higher OPEC output may spell good news for fuel consumers, ease pressure on govt math

Higher OPEC output may spell good news for fuel consumers, ease pressure on govt math

OPEC’s decision to pump up volumes is expected to ease pressure on fuel prices and government math, giving the NDA dispensation the flexibility to continue with social sector spending into next year’s general elections.

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Why GAIL Has Only One ‘Sell’ Rating

Why GAIL Has Only One ‘Sell’ Rating

Rising liquefied natural gas prices have made it profitable for GAIL (India) Ltd., the nation’s largest distributor, to sell the commodity in the domestic market.

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OPEC Edges Closer To Raising Oil Output, Iran's Agreement Is Key

OPEC Edges Closer To Raising Oil Output, Iran's Agreement Is Key

OPEC edged closer on Thursday towards raising oil output, with Iran softening its opposition to an increase and Saudi Arabia warning of supply shortages and price rallies if production remained stable.

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GAIL To Set Up 20 CNG Stations In Bengaluru

GAIL To Set Up 20 CNG Stations In Bengaluru

Public sector undertaking Gas Authority of India (GAIL), will be setting up 20 compressed natural gas (CNG) retail stations across Bengaluru for refueling vehicles.

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Russia To Propose Increasing OPEC+ Oil Output By 1.5 Million Bpd: Novak

Russia To Propose Increasing OPEC+ Oil Output By 1.5 Million Bpd: Novak

Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Energy Minister Alexander Novak told reporters, days ahead his visit to Vienna for the related summit.

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Pradhan To Take Up Crude Price Issue At OPEC Vienna Meet

Pradhan To Take Up Crude Price Issue At OPEC Vienna Meet

Petroleum Minister Dharmendra Pradhan will raise India's concerns about rising crude oil prices at the meeting of the Organisation of Petroleum Exporting Countries (OPEC) to be held in Vienna later this month, the Minister said on Monday.

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ExxonMobil considers importing LNG to Australia

ExxonMobil considers importing LNG to Australia

ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.

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