December,17,2018,Monday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

India Will Weather Iran-fuelled Oil Price Instability

India Will Weather Iran-fuelled Oil Price Instability

Energy prices in India have been going up because of certain geopolitical reasons, particularly because of the uncertainty over the supply of Iranian crude.

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MOST NOTABLE STORIES OF THE WEEK

ONGC to be taken on board for rerouting gas pipelines passing from Surat airport

ONGC to be taken on board for rerouting gas pipelines passing from Surat airport

The state government and the Airports Authority of India (AAI) have jointly decided to take the Oil and Natural Gas Corporation (ONGC) on board to work out a solution to reroute or cover its gas pipeline in a time bound manner.

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Why India is bucking the populist trend by refusing to cut fuel prices

Why India is bucking the populist trend by refusing to cut fuel prices

India, the world’s fastest growing oil consumer, is bucking an emerging market trend of populist measures to curb surging oil prices. While governments in Indonesia, Brazil and elsewhere are cutting or freezing prices, India is standing its ground on gasoline and diesel costs even after they rose as much as 16% this year.

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LPG Subsidy Jumps 60% As Govt Maintains Prices To Help Consumers

LPG Subsidy Jumps 60% As Govt Maintains Prices To Help Consumers

Cooking gas (LPG) subsidy has jumped by over 60 per cent in last two months as the government maintains price line despite rising international rates, Indian Oil Corp (IOC) Chairman Sanjiv Singh said.

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Petrol, Diesel Prices Hiked Today: Check Revised Rates Here

Petrol, Diesel Prices Hiked Today: Check Revised Rates Here

The prices of petrol and diesel were raised by the state-run oil marketing companies (OMCs) on Thursday. According to the rate chart, petrol can be purchased for Rs. 76.59 per litre in Delhi.

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India Cuts Iranian Oil Imports In June Ahead Of U.S. Sanctions

India Cuts Iranian Oil Imports In June Ahead Of U.S. Sanctions

Indian refiners cut imports of Iranian oil last month as they started weaning their plants off crude from the country to avoid sanctions by the United States that are set to take effect in November.

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'US to become global leading producer of crude oil'

'US to become global leading producer of crude oil'

The US Energy Information Administration (EIA) has said the United States will become the world`s leading producer of crude oil if the output remains the current momentum.

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Petrol pump a hurdle too steep for Iffco underpass

Petrol pump a hurdle too steep for Iffco underpass

There is no end in sight for the legal tussle over shifting the petrol pump at Iffco Chowk on MG Road to Sector 42, to make way for the Iffco Chowk underpass.

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9th CGD Bidding May Fetch Rs 70,000 Crore Investments: Report

9th CGD Bidding May Fetch Rs 70,000 Crore Investments: Report

The ninth round of the city gas distribution (CGD) licences auction, beginning this week, may see funds worth Rs 70,000 crore from winning bidders, which is four times the cumulative Rs 15,000-18,000 crore invested till fiscal year 2018, said a report.

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RIL Plan To Supply Jet Fuel To Mumbai Airport Using OMC Pipelines Faces Hurdles

RIL Plan To Supply Jet Fuel To Mumbai Airport Using OMC Pipelines Faces Hurdles

State-owned fuel marketers are pushing back against a regulatory suggestion to allow Reliance Industries Ltd (RIL) to use their pipelines to sell jet fuel at the Mumbai airport.

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