Latest Articles in Energy Infra
Impact Of COVID-19 On The Mining Sector
Mining is heavily dependent on the availability of manpower/labour who undertake the groundwork; with operations being scaled back, many such migrant laboure and workforce have retreated to their home base.
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Oil Prices Rise On Optimism OPEC+ Meeting Will Result In Supply Cut
Brent crude futures rose by almost 2.6%, or 87 cents, to $33.71 a barrel as of 0701 GMT. The contract rose to an intra-day high of $33.90, climbing for a second day.
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Asian LNG Prices Edge Up From Record Low But Demand Still Stale
This is the first time since March 2019 that shipments have resumed after a long-standing trade war in which China raised tariffs on LNG imports from the United States to 25% last year.
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Russia, Saudi To Debate Oil Output Cuts As US Resists Joining
Global fuel demand has plunged as much as 30% as lockdowns have grounded aircraft, reduced vehicle usage and curbed economic activity.
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Centrica's British Gas To Furlough 3,800 Employees
The government has ordered sweeping measures to fight the spread of the coronavirus, shutting down much of the economy and asking people to stay inside and avoid non-essential travel.
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Iran Presses For IMF Loan; Some Business To Stay Shut Despite Easing
Iran has banned intercity travel and shut non-essential businesses to fight an outbreak that according to official figures has killed 3,872 people and infected 62,589.
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India's Coal Ministry Wants Power Plants To Keep Buying Coal Despite Weak Demand
Electricity consumption slumped 21.3% in the first two weeks of the lockdown ended April 7, compared with the first three weeks of March, according to government data.
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Iran Doesn't Agree With OPEC+ Meet Without Clear Outcome - Minister
Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to reduce the spread of the coronavirus have caused demand for jet fuel, gasoline and diesel to crash.
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US Pushes Back On Call By OPEC+ To Join Big Oil Output Cuts
Global oil demand has dropped by as much as 30%, or about 30 million barrels per day (bpd), as measures to reduce the virus' spread have caused demand for jet fuel, gasoline and diesel to crash.
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Oil Prices Jump On Hopes For OPEC, Russia Meeting On Output Cuts
Brent crude was up by 75 cents, or 2.4%, at $32.62 per barrel by 0246 GMT after falling 3.6% on Tuesday. U.S. West Texas Intermediate (WTI) crude rose $1.30.
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OPEC+ Likely To Agree To Cut Production If U.S. Joins Effort
Worldwide oil demand has dropped by roughly 30%, or about 30 million barrels a day, at the same time that Saudi Arabia and Russia have been flooding markets with extra supply.
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ONGC Sells June-Loading Russian Sokol Crude At Record Discount
Demand for crude grades like Sokol, which yields more middle distillates such as jet fuel and gas oil after refining, has weakened sharply.
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Oil Slips On Oversupply Fears, But Stocks Jump On Virus Slowdown Hopes
Brent crude futures was down nearly 3%, or $1, at $31.14 a barrel while U.S. crude slipped 4.4%, or $1.24, to $27.09.
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Trump Open To Big Oil Tariffs, But Doesn't Expect To Need Them
Oil prices have dropped by about two-thirds this year as the COVID-19 pandemic caused by the new coronavirus has hammered demand and as major producers Russia and Saudi Arabia boost output in a war over market share.
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Saudi Arabia Delays Setting May Prices, Looks To OPEC Meeting To Settle Price War
Asia trading, prices fell to $32 a barrel, while U.S. West Texas Intermediate (WTI) crude CLc1 fell to $26.15 a barrel on Sunday from a $28.34 close on Friday.
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