​GOOD MORNING INDIA!

May,20,2019,Monday

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR 

LATEST NEWS

Saudi Is Said To Target US With Sharp Oil Exports Cut

Saudi Is Said To Target US With Sharp Oil Exports Cut

After flooding the US market in recent months, Saudi Arabia plans to slash exports to the world’s largest oil market in the coming weeks in an effort to dampen visible build-ups in crude inventories.

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MOST NOTABLE STORIES OF THE WEEK

Gadkari urges use of Methanol and LNG as fuel to cut down logistics cost

Gadkari urges use of Methanol and LNG as fuel to cut down logistics cost

The industry must take up the use of Methanol and Liquefied Natural Gas (LNG) as fuel to cut down the high cost of logistics which currently stand at 18 per cent for companies, minister for road transport and highways,

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High LPG refill cost choking Ujjwala scheme: Odisha

High LPG refill cost choking Ujjwala scheme: Odisha

The Odisha government has blamed high cost of cooking gas behind the tepid response of Pradhan Mantri Ujjwala Yojana (PMUY) in the state, a charge refuted by the Centre.

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IOC to buy back 3% equity shares for Rs 4,435 crore

IOC to buy back 3% equity shares for Rs 4,435 crore

Indian Oil Corp (IOC) on Thursday said its board had approved the buyback of 3.06% of equity shares for Rs 4,435 crore.

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How Qatar's exit from Opec may help India end its petroleum import pangs

How Qatar's exit from Opec may help India end its petroleum import pangs

As Qatar walks out of the Organisation of Petroleum Exporting Countries (Opec) in New Year 2019, the challenge for India is how to reset its gas purchases and more, given that the kingdom is one of its largest economic partners.

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Petrol, diesel under GST not possible till revenues stabilise: Arvind Subramanian

Petrol, diesel under GST not possible till revenues stabilise: Arvind Subramanian

Former chief economic adviser Arvind Subramanian said Monday that the inclusion of petrol and diesel in the Goods and Services Tax (GST) ambit was not possible until the revenues under the new tax regime stabilises.

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Opinion | Towards better fuel efficiency standards

Opinion | Towards better fuel efficiency standards

For years vehicle makers in India have promoted fuel efficiency by communicating how many kilometres per litre their vehicle delivers. But can people who care about fuel efficiency be able to easily calculate the cost of fuel over the lifetime

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