Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of US sanctions on Iran and the crisis in Venezuela.
Tight market conditions lifted crude oil prices to multi-month highs. The benchmark US WTI crude surged to $59 a barrel this week, the level last seen in mid-November last year.
After hitting a four-year high during last November, natural gas prices have taken a breather on expectations of moderate US demand and normal supply.
The Centre is planning to resolve “stuck” highway projects worth Rs 30,000 crore by allowing agencies like NHAI and NHIDCL to “foreclose” the contracts of such projects.
Bharat Heavy Electricals shares declined nearly 2 percent intraday on March 15 after global brokerage house Nomura downgraded the stock to reduce from neutral, citing weak thermal power outlook until FY22.
The Western Railway (WR) Tuesday said that it has earned Rs 116.86 crore from ticket-less travellers in the last eleven months. The WR detected 25.17 lakh cases of ticket-less or irregular travel, including cases of unbooked luggage
An MoU was signed on March 8 between Indian Railways and public sector telecom firm RailTel for implementing the e-office system aimed at digitising the work of the national transporter.
The National Green Tribunal (NGT) has recently ordered all ceramic units that operate on coal gasifiers in Morbi, Gujarat to switch to gas or shutdown their operations. This move stands to benefit the industrial volumes of Gujarat Gas, which is the sole supplier of natural gas in the region.
With a view to provide a sentimental boost amid a sagging investment climate, the Union Cabinet on March 7 approved a slew of measures for the domestic power sector, particularly related to stressed assets.
NCLT to pass order on Essar Steel insolvency case later today; ArcelorMittal favourite, all eyes on Ruias
The Ahmedabad bench of the National Company Law Tribunal (NCLT) will on March 8 deliver its verdict on the Essar Steel insolvency case. The case is listed to be heard in the second half of the day, and is number 10 on the Cause List.