The US could become the oil world’s new king in 2018 as it was poised to ramp up crude oil production by 10 per cent to about 11 million barrels per day, according to a report.
There’s a spanner in the works in the ONGC- HPCL deal. Sources tell ET Now that the Oil Ministry had two-three weeks ago expressed valuation concerns regarding the deal, that aims to create a big oil behemoth.
Natural gas and aviation turbine fuel (ATF) may soon come under the Goods and Services Tax (GST), while real-estate, petrol, diesel and electricity will take more time, ET Now reported quoting unidentified government sources.
World equity markets are doing well and you had a rally that continues into the new year! But on the commodity side, oil is heating up, raising a question mark on whether or not inflation would finally rear its head for global economies at large.
Amid talks of merger of public sector oil and gas companies, the government is considering a proposal to split GAIL (India) with the marketing operations spun off into a separate company.
Oil prices eased on Tuesday after hitting mid-2015 highs in early trading, as major pipelines in Libya and the UK restarted and US production soared to the highest in more than four decades.
sncrease in Brent crude price is likely to hurt profitability of Indian oil marketing companies (OMCs), according to analysts. Prices of Brent crude touched a 31-month high on Tuesday, hitting over $67.29 per barrel.
The Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved the signing of a Memorandum of Understanding (MoU) between India and Israel on cooperation in the oil and gas sector.
Reliance Industries is likely to see a big cash-flow boost as projects of over USD 40 billion start to deliver in full swing this fiscal while capex falls, international brokerage house CLSA said today.
After an unsuccessful attempt to build liquefied natural gas (LNG) carriers locally, the Centre’s policy managers are turning their attention to another cryogenic segment — constructing liquefied petroleum gas (LPG) tankers at domestic shipyards.