November,16,2018,Friday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Fuel Prices Hike Again, Petrol At Rs 82.72 In Delhi

Fuel Prices Hike Again, Petrol At Rs 82.72 In Delhi

Fuel prices continue to burn holes in the pocket of common people, showing no sign of relief in the coming days.

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MOST NOTABLE STORIES OF THE WEEK

Record fuel prices hit petrol, diesel demand in September

Record fuel prices hit petrol, diesel demand in September

India's monthly diesel consumption fell for the first time in 10 months year-on-year in September, while petrolsales grew by the least in four months as record high pump prices dented demand, government data showed on Friday.

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India Targets Oil Traders for $1.5 Billion Emergency Oil Reserve

India Targets Oil Traders for $1.5 Billion Emergency Oil Reserve

India is seeking $1.5 billion of investments from global oil producers and traders to build additional emergency crude reserves that will act as a buffer against volatility in oil prices.

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OPEC Moves To Calm Oil-Supply Fears As India Slams High Prices

OPEC Moves To Calm Oil-Supply Fears As India Slams High Prices

OPEC again sought to reassure markets after one of its biggest customers complained about the pain of high prices.

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aadhaar-card

Oil Companies Must Furnish Tanker Drivers' Aadhaar Data: Government

The oil ministry has asked state-run oil refiners and fuel marketing companies to furnish exhaustive personal details, including Aadhaar and the linked bank accounts, of drivers of tankers contracted by them with the aim of improving their prospects in the job market through certification.

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Saudi Arabia to supply about 4 billion barrels of extra oil to India in November: Sources

Saudi Arabia to supply about 4 billion barrels of extra oil to India in November: Sources

Saudi Arabia, the world's biggest oil exporter, will supply Indian oil buyers with an additional 4 million barrels of crude oil in November, several sources familiar with the matter said on Wednesday.

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Natural gas here to stay beyond energy transition, Big Oil says

Natural gas here to stay beyond energy transition, Big Oil says

Energy companies are betting demand for natural gas will rise at break-neck pace for decades, undermining warnings that tackling climate change would require a rapid switch to renewable energy.

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India hopes for U.S. sanctions waiver after cutting Iran oil imports: officials

India hopes for U.S. sanctions waiver after cutting Iran oil imports: officials

India hopes to secure a waiver from U.S. sanctions on Iran before they take effect on Nov. 4, as it had significantly cut Iranian oil imports before the deadline, officials said on Monday.

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