Indian refiners will cut their monthly crude loadings from Iran for September and October by nearly half from earlier this year as New Delhi works to win waivers on the oil export sanctions Washington plans to reimpose on Tehran in November.
Delhi High Court declines to interfere in issue of fuel prices, says it’s an economic policy decision
Daily change in fuel prices was a “economic policy decision” of the central government and the courts must remain away from it, the Delhi High Court said Wednesday. A bench of Chief Justice Rajendra Menon and Justice VK Rao made it clear
The Gujarat government is planing to start projects to store solar energy produced during the day and use it at night time, energy minister Saurabh Patel said Tuesday.
Oil prices unlikely to soften soon despite rise in US production; geopolitics associated with crude makes it an expensive product
The rise in oil prices has come as a surprise for most policy-makers and analysts, for the obituary of expensive oil was written a long time back. The supply glut and the global fall in oil demand had contributed to a period of low oil prices before 2017.
BIMSTEC summit: Four-nation meet will focus on issues of energy, trade; India, Nepal will sign MoUs over railways, bulk cargo
Ahead of the regional summit of Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Nepal has prepared Memorandums of Understanding (MoUs) over the construction of railway and bulk cargo with India, Nepal’s Foreign Minister Pradeep Gyawali said on Friday.
Container Corporation of India (CONCOR) has inked a pact with KICTPL for providing rail access to container services. The commencement of rail service shall facilitate the shipping lines and customers to utilise Kandla Port as a gateway port for container business.
India has sought re-negotiation of the natural gas price it is to source through a proposed $10 billion Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline in view of the slump in global energy markets, a top source said.
ONGC not to sell stake in IOC, GAIL in near future; repays close to third of Rs 24,881 cr loan to buy HPCL
State-owned Oil and Natural Gas Corp. Ltd (ONGC) will not sell its stake in Indian Oil Corporation Ltd and GAIL (India) Ltd in the near future as it has used internal resources to repay close to a third of the Rs 24,881 crore loan it had taken to buy Hindustan Petroleum Corp Ltd (HPCL), people with direct knowledge of the matter said.
Asserting that the exploration activity of non-coal mineral blocks should double every year, the mines ministry on Friday said it was working towards augmenting the participation of the private sector in this regard in the future.
An Indian shipping company says one of its crude oil tankers suffered an explosion off the coast of Oman and three of its sailors are missing.