India’s biggest oil retailers are now focusing on rural revival
If there’s one part of India’s economy that’s been relatively unscathed by the devastating impact of Covid-19 it’s the vast rural hinterlands. And the country’s...
Energy News
Petrol prices unchanged across metros for 8th day
Oil marketingcompanies (OMC) keptfuelprices unchanged for the eighth consecutive day across the fourmetroson Sunday. In the national capital, petrol was sold for Rs 91.17 per...
China’s CNOOC records over 101 bcm gas reserves in Shanxi
BEIJING: China National Offshore Oil Corp (CNOOC) has recorded proven gas geological reserves of more than 101 billion cubic metres (bcm) at Linxing gasfield in...
Petrol, diesel prices remain unchanged on Monday
New Delhi: The rise in the petrol anddiesel pricehas paused for the last couple of days as oil marketing companies have decided to wait and...
Public gets another shot of price hike: Cong
New Delhi: Just as Prime MinisterNarendra Moditook his first shot of Covid vaccine on Monday, oppositionCongresstook a jab at him saying with theLPGprice hike, the...
Indonesia to remove royalty payments for downstream coal
JAKARTA:Indonesiais removing royalty payments forcoalused in its downstream sector in a bid to boost itscoalprocessing industries, a government regulation reviewed by Reuters showed. The world’s...
OPINION: Asia’s physical crude oil isn’t as tight as Brent pricing suggests: Russell
LAUNCESTON, Australia: When a market gets behind a narrative it’s tempting to discount factors that challenge the prevailing discourse, and this may be the case...
Bharat Petroleum tries to cut dependence on LPG from the Middle East
By Saket Sundria and Ann Koh An Indian buyer of liquefied petroleum gas is once again attempting to ease its dependence on Middle East shipments...
October diesel sales rise above pre-COVID levels
NEW DELHI:Diesel salesjumped 8.8% over the last year in the first fortnight of October while petrol rose 1.5%, signalling a strong recovery for the economy...
Pakistan hopes to save $3 billion in new gas deal with Qatar
ISLAMABAD –Pakistan‘s landmark, new deal withQatarfor liquefiednatural gasat lower rates will save Islamabad a total of about $3 billion over the next 10 years, an...
