November,20,2018,Tuesday

​GOOD MORNING INDIA!

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR

LATEST NEWS

Fuel Prices Continue To Tumble; Petrol Being Sold At Rs 78.78 Per Litre In Delhi, Rs 84.28 In Mumbai

Fuel Prices Continue To Tumble; Petrol Being Sold At Rs 78.78 Per Litre In Delhi, Rs 84.28 In Mumbai

Fuel prices saw yet another fall on Sunday with petrol being retailed at Rs 78.87 per litre and diesel at Rs 73.64 per litre in the national capital.

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MOST NOTABLE STORIES OF THE WEEK

US has granted waiver to India from Iran sanctions: Pradhan

US has granted waiver to India from Iran sanctions: Pradhan

The US has granted waivers to eight nations including India to continue to import limited quantities of Iranian crude post 5 November and the details of the waiver will emerge eventually, oil minister Dharmendra Pradhan said.

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Unavailability Of Iranian Crude Would Pose And "Extremely Tough Call": Indian Oil Corp Chairman

Unavailability Of Iranian Crude Would Pose And "Extremely Tough Call": Indian Oil Corp Chairman

Days before US sanctions targeting Iran’s oil trade take effect, Sanjiv Singh, Chairman and Chief Executive Officer (CEO) of India's largest fuel retailer Indian Oil Corporation (IOC) has said unavailability of Iranian crude in the global market will be a tough situation not only for India but for the whole world.

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US curbs looming, India reduces Iran oil imports by 30%

US curbs looming, India reduces Iran oil imports by 30%

With an over 30% reduction in imports of oil from Iran in the past few months, India is hoping to be eligible for a waiver on Iran oil sanctions from this weekend. The US State department is expected to announce sanctions and waivers

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Engaged With The US On Iran Oil Issue, Says Foreign Ministry

Engaged With The US On Iran Oil Issue, Says Foreign Ministry

India on Thursday said it was engaged with the US, Iran and other stakeholders on the issue of American sanctions on import of Iranian oil, amid indications that the Trump administration may grant New Delhi waiver from punitive measures.

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Subsidised LPG Price Hiked By Rs 2.94 Per Cylinder

Subsidised LPG Price Hiked By Rs 2.94 Per Cylinder

Oil Marketing Companies raised the prices of subsidised domestic Liquefied Petroleum Gas (LPG) for customers by Rs 2.94 to Rs 505.34 per cylinder today.

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India stages roadshow in UK to attract investors for oil, gas sector

India stages roadshow in UK to attract investors for oil, gas sector

India has reached out to UK-based investors to attract international public-private-partnerships (PPP) in the country's oil and gas sector with a roadshow in London. The Ministry of Petroleum and Natural Gas, along with the Directorate General

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At least six companies willing to partner India in second phase of strategic oil reserves

At least six companies willing to partner India in second phase of strategic oil reserves

At least six global companies have shown preliminary interest in partnering India in the development of the second phase of its strategic petroleum reserves. The country imports over 82 per cent of its crude oil supply and has fast-tracked efforts

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