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Latest Articles in Energy Infra

Oil Rises On US Stimulus Hopes, Tighter Market Under Biden

Brent crude settled at $56.08 a barrel, gaining 18 cents. U.S. West Texas Intermediate (WTI) crude settled at $53.24 a barrel, climbing 26 cents.

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India's Oil Imports At Near Three-Year High In December - Trade

India's annual crude imports declined by about a tenth in 2020 from the previous year to 4.04 million bpd, the lowest in five years,

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India Blames Saudi Oil Output Cut For Surge In Oil Prices

Pradhan said the efforts to cut output, coordinated by OPEC Secretary-General Mohammad Sanusi Barkindo, were creating confusion for consumer countries.

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Oil Gains On Stimulus Optimism Ahead Of Biden Inauguration

Brent futures for March delivery rose $1.15, or 2.1%, to settle at $55.90 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 62 cents, or 1.2%, to settle at $52.98.

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Lithium Discovered In India: What Does It Mean For Renewables?

India needs lithium to produce lithium-ion batteries used for electrification of transport and storage of renewable energy to boost the nation's efforts towards electrification of transport.

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Petrol Crosses Rs 85 Mark For First Time In Delhi, Nears Rs 92 In Mumbai

Diesel rate climbed to Rs 75.38 a litre in the national capital - just shying away from its record high - and to an all-time high of Rs 82.13 in Mumbai

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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for February traded lower by Rs 11.6, or 1.04 per cent, at Rs 1,107.4 per 10 kg in 38,685 lots.

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Oil Prices Rise As Optimism Over Economy Outweighs Fuel Demand Concerns

Brent crude futures for March gained 55 cents, or 1%, to $55.30 a barrel by 0737 GMT after slipping 35 cents in the previous session.

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Brent Crude Edges Up As Optimism Over Economy Trumps Demand Concerns

Investors are upbeat about demand in China, the world's top crude oil importer, after data released on Monday showed its refinery output rose 3% to a new record in 2020.

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Hike In Fuel Prices Due To Lower Production Amid COVID-19, Says Dharmendra Pradhan

The Union Minister asserted that the government was focusing on electric vehicles (EVs), solar energy, production of ethanol etc to become self-reliant in the energy sector.

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Total Speeds Up Renewables Push With $2.5 Billion Investment In Indian Solar Power

Total's shares dipped 0.7% in early trading, as oil prices fell, but investment bank Barclays said Total was one of its top picks, with an "overweight" rating.

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French Energy Group Total Buys 20% Stake In Adani Green Energy

Total and Adani added they had agreed on the acquisition of a 50% stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL and a 20% stake in AGEL for a global investment worth $2.5 billion.

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Oil Drops 1% As Rising Coronavirus Cases End Supply-Led Rally

Brent crude fell 45 cents, or nearly 1%, to $54.65 a barrel by 0207 GMT, after dropping 2.3% on Friday. U.S. oil was down by 43 cents, also nearly 1%, at $51.93 a barrel, having declined 2.3% in the previous trading session.

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ATF Price Up 3%; Petrol, Diesel Unchanged After Hitting New Highs

Diesel price in Mumbai, however, is at a record high of Rs 81.60 per litre. In Delhi, it comes for Rs 74.88 a litre, lower than its all-time high rate of Rs 75.45 a litre touched on October 4, 2018.

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Oil Drops Over 2% On China Lockdowns, US Stimulus Concerns

Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel. U.S. West Texas Intermediate crude settled down $1.21, or 2.3%, at $52.36 a barrel.

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