The rising importance of alternative energy fuels, and especially, the onset of electric vehicles, will cause a severe oil price crash, predicts Chris Watling, CEO of Longview Economics.
The Maharashtra government Wednesday said it would act against oil and gas companies in cases where their authorised petrol pump dealers were caught short-changing consumers.
Finance Minister in his Budget speech proposed to create an integrated public sector ‘oil major’ which will be able to match the performance of international and domestic private sector oil and gas companies
According to global news agency Reuters, since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 billion, the clearest sign yet that oil executives are more confident a recovery is underway
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost hydrocarbon reserves through acquisitions in contrast to the mergers route that followed previous slumps in crude prices.