OPEC forecast higher demand for its crude in 2018 on Thursday due to rising global consumption, and pointed to signs of a stronger oil market that suggest an OPEC-led production cut is getting rid of price-sapping excess supply.
Oil prices were little changed in early Asian trading on Friday after retreating in the previous session, weighed by ongoing global glut concerns despite a bigger-than-expected draw in U.S. crude inventories.
General ElectricCo’s new Chief Executive Officer John Flannery made a big bet that the industrial company’s flagging fortunes will improve, buying nearly $2.7 million in GE stock, according to a regulatory filing.
A parliamentary panel has recommended that a village should be declared electrified only after providing power connections to all households there.
Australia’s AGL Energy said on Thursday it has provisionally picked a site in the southeast of the country to build a jetty to import liquefied natural gas (LNG), a project set to cost A$250 million ($197 million).
Adani Enterprises has appointed corporate finance firm Grant Samuel to advise on funding for its multi-billion dollar coal mine in the Australian outback, two sources with knowledge of the matter said on Thursday.
Hindustan Construction Company(HCC) today said it has bagged a contract worth Rs 810 crore from Jammu and Kashmir State Power Development Corporation.
India has ratified the second commitment period of the Kyoto Protocol that commits countries to contain the emission of greenhouse gases, reaffirming its stand on climate action.
Responding to a question on NTPC operating stressed assets taken over by banks, the minister said: “That’s a suport they provide to anybody in the public or private sector.
Under pressure, developers revise tariff to Rs 4.99/unit to Jharkhand from bids of Rs 5.08-7.95. The move will help developers sign power purchase agreements.