Oil jumps after attack on Saudi field
Oil prices on Monday after a weekend attack on a Saudi oil facility by Yemen’s Houthi forces and as traders looked for signs that top economies would take measures to counteract a global slowdown.
Indian oil companies keen to invest in Khaleej Al Bahrain basin
Indian oil companies are keen to invest in Khaleej Al Bahrain basin, T.S. Tirumurti, who deals with economic relations at India’s foreign ministry, said on Monday.
Crude oil futures up on positive cues
Crude oil prices rose by Rs 63 to Rs 3,959 per barrel in futures market on Monday as speculators created fresh positions, taking positive cues from physical spot market.
Odisha to clear IOCL’s Rs 1 lakh crore investment
Indian Oil Corporation Limited (IOCL) will invest Rs 1,00,300 crore in expanding its Paradip refinery capacity from 15 million tonnes per annum (mtpa) to 25 mtpa and setting up a naphtha cracker unit.
Weak spot LNG prices don’t help Asia much, but boost Europe
The price of spot cargoes of liquefied natural gas (LNG) has ticked up recently in Asia amid tentative signs of some peak summer demand, but the problem remains that for many buyers the cost is still too high.
India’s LNG imports rise 4.6% year-on-year in June
India’s liquefied natural gas (LNG) imports rose 4.6% year-on-year and 15.6% month-on-month to 91 million metric standard cubic meter per day (mmscmd) in June, according to data from the Petroleum Planning & Analysis Cell and Ministry of Petroleum and Natural Gas.
Falling oil prices may find some support from IMO 2020
Overwhelmingly bearish economic sentiment has sent oil prices spiraling down and persistent cuts in demand growth forecasts are indicative of further downside risk.
Petrol, diesel prices slashed again on Monday. Check today’s rates in top cities
The retail prices of petrol were lowered by 7 paise for the second successive day across four metro cities on Monday (August 19). Diesel prices, on the other hand, were reduced by 8-9 paise.
India’s fuel retailers planning to expand door-step delivery of petrol, diesel
Amid rising competition from alternative mobility solutions in the country, India’s fuel retailers have firmed up plans to expand door-step delivery of fuel beginning with diesel.
Oil rises after Saudi oilfield attack, but recession worries cap gains
Crude oil prices rose on Monday following a weekend attack on a Saudi oil facility by Yemeni separatists, although price gains were capped by an unusually downbeat OPEC report that stoked concerns about demand growth.
