​GOOD MORNING INDIA!

January,19,2019,Saturday

WEEKLY NEWS UPDATES IN OIL & GAS SECTOR 

LATEST NEWS

Fuel Prices Marginally Slashed On Sunday, Check December 23 Rates Here

Fuel Prices Marginally Slashed On Sunday, Check December 23 Rates Here

After a marginal dip in fuel prices on Saturday, rates were slashed by as much as Ra 0.49 on Sunday in Delhi. Petrol was retailing at Rs 70.07 per litre and diesel at Rs 64.01 per litre, respectively in the national capital.

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MOST NOTABLE STORIES OF THE WEEK

Fall in oil and gas subsidies: Report

Fall in oil and gas subsidies: Report

India’s oil and gas subsidies fell by 70% from financial year (FY) 2014 to FY 2017, according to a report released by International Institute of Sustainable Development (IISD) and the Council on Energy,

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Oil prices at multi-month lows with market in doldrums

Oil prices at multi-month lows with market in doldrums

Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for losses of more than 10% in a week, as global oversupply kept buyers away from the market ahead of holidays over the next two weeks.

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LNG import facility is expected to become double in 2-3 years, says PNGRB

LNG import facility is expected to become double in 2-3 years, says PNGRB

DK Sarraf, chairperson of India's downstream oil and gas regulator Petroleum and Natural Gas Regulatory Board (PNGRB), spoke to CNBC-TV18 about the growth of oil and gas sector in the year and his expectations from 2019.

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ONGC board approves Rs 4,022 crore share buyback; key things to know

ONGC board approves Rs 4,022 crore share buyback; key things to know

The board of Oil and Natural Gas Corp (ONGC) on Thursday approved buyback of 25.29 crore shares for Rs 4,022 crore. The board approved buyback of 1.97 per cent of equity shares for Rs 159 apiece, ONGC said in an exchange filing.

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Sliding oil prices, RBI's open market operations buy propel Rupee, bond

Sliding oil prices, RBI's open market operations buy propel Rupee, bond

India’s currency and sovereign bonds rallied as sliding oil prices improved the outlook for the nation’s finances and the central bank extended support via its open-market debt purchases.

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Crude oil tests a crucial long-term support

Crude oil tests a crucial long-term support

Pressure has been mounting on crude oil prices since the beginning of this week. After a brief recovery following the OPEC (Organization of the Petroleum Exporting Countries) decision to cut production, the prices have started to fall again over the last few days.

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Demand for diesel, cooking gas shrinks in November

Demand for diesel, cooking gas shrinks in November

The demand for diesel fell 5 per cent and that for cooking gas shrank 8 per cent, contracting India’s total oil demand in November. A combination of higher prices, drop in vehicle sales and decreasing use of polluting industrial fuels

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