The setup was perfect to roll out a big-ticket energy project spanning four countries. It had guaranteed gas supply, needy buyers, and initial backing of a multilateral financial institution. Yet nothing went to plan.
Top oil exporter Saudi Arabia is expected to hike its prices for all crude grades it sells to Asia in November after an attack on its oil facilities led to a spike in Middle East benchmarks last month, industry sources said.
India’s overall fuel demand will rise by more than 4% a year to 2030 as the country’s improved road transport network stokes demand for gas oil, the head of oil and gas group Nayara Energy said on Tuesday.
Oil prices fell on Friday as U.S.-China trade tensions continued to weigh on sentiment despite recent diplomatic progress. Brent crude was down 93 cents, or 1.53%, at $60.02 a barrel by 1420 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.08, or 1.92%, at $55.22.
After braving tough legal challenges to emerge as the successful resolution applicant for Essar Steel, the worlds largest steel maker ArcelorMittal might now face a tough challenge to go ahead with the buyout of a fully integrated steel facility in India amidst falling steel power and bleak outlook for the sector.
Highlighting Karnataka’s investment potential, Chief Minister B S Yediyurappa on Friday said the state is the fourth largest and one of the fastest growing ones in India, growing at 9.6 per cent, besides attracting FDI of USD 37.67 billion during April 2000 to March 2019.
Supply of domestic Piped Natural Gas (PNG) was launched in Ranchi on Friday, within 15 months of laying of foundation for the project by Prime Minister Narendra Modi.
Bracing for a future with less-polluting fuels, Indian oil refiner Hindustan Petroleum Corp is planning a pilot program for swapping batteries of electric two- and three-wheelers at its outlets by December, according to people familiar with the matter.
Upgrading lubricants to meet Bharat Stage VI emission norms will raise the production cost of by 10 to 15 per cent, Ravi Chawla, Managing Director, Gulf Oil Lubricants India told ETAuto.
Many electric vehicle manufacturers and start-ups welcomed government’s move of reducing GST on electric vehicles from 12 per cent to 5 per cent but this is not enough to accelerate the pace of electric vehicle ecosystem in India says, industry leaders.