OPEC and non-OPEC producers will probably extend a deal to limit crude supply but are unlikely to deepen cuts, Oman’s energy minister said on Monday, as the United Arab Emirates said it was not worried about long-term oil demand growth.
India and Saudi Arabia are moving from a purely buyer-seller relationship towards a closer strategic partnership that will include the resource-rich Kingdom’s investments in downstream oil and gas projects in the country, Prime Minister Narendra Modi has said.
Two days before Diwali, the national capital’s air quality dropped to season’s worst on October 25, with the decreased wind speed leading to accumulation of pollutants and affecting dispersion.
State-owned CIL on October 24 said it will switch over to mechanised transportation of coal through piped conveyor belts in its large mines by 2023-24, replacing the existing road movement of the dry fuel.
India’s oil imports fell to their lowest in more than three years in September to 3.82 million barrels per day (bpd), data obtained from industry and shipping sources showed, as some refiners cut purchases due to shutdowns for maintenance and fuel upgrades.
Prime Minister Narendra Modi is likely to visit Saudi Arabia on a day-long visit on October 29 to participate in an annual investment forum to be held there, official sources said on Tuesday. Modi’s visit comes months after Saudi crown prince Mohammed bin Salman paid a visit to India in February.
DDA planning body UTTIPEC has approved multi-model integration plans for 40 stations of the Phase-3 metro lines that will give importance to pedestrian facilities, according to a statement issued on Monday.
Crude oil futures fell by Rs 41 at Rs 3,777 per barrel on October 17 after participants reduced positions tracking a subdued trend in global markets. On the Multi Commodity Exchange, crude oil for delivery in October dropped by Rs 41, or 1.07 percent, to Rs 3,777 per barrel with a business volume of 16,014 lots.
India’s Reliance Industries is seeking a liquefied natural gas (LNG) cargo for delivery on November 27-29, two source familiar with the matter said on Thursday. The refiner is seeking the cargo on a delivered ex-ship (DES) basis, in a tender closing on Thursday, the sources said.
Battling a slowing economy, India on Tuesday implored oil cartel OPEC to not undertake deeper crude oil production cuts as it renewed its pitch for reasonable pricing of oil and stability in supplies.