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Latest Articles in Energy Infra

Oil Slips As Coronavirus Fears Offset Gasoline Recovery Signs

Brent crude futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after gaining 0.5% on Wednesday.

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Oil Eases As Coronavirus Fears Offset Gasoline Recovery Signs

Brent crude futures slipped 7 cents, or 0.2%, to $43.22, after gaining 0.5% on Wednesday.

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Rising Demand Lifts Refined Soya Oil Futures

Refined soya oil contracts for August delivery rose by Rs 3.9, or 0.48 per cent, to Rs 817.8 per 10 kg in 23,795 lots.

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OMV Production Falls In Wake Of Coronavirus Pandemic

Output of oil and gas decreased to 464,000 barrels of oil equivalent per day (boed) in the second quarter from 490,000 boed in last year's period.

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Oil Dips As US Inventory Build Stokes Supply Fears

Brent crude futures fell 13 cents, or 0.3%, to $42.95 a barrel by 0019 GMT. U.S. West Texas Intermediate (WTI) crude futures dropped 10 cents, or 0.3%, to $40.52 a barrel.

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Iran's Oil Storage Almost Full As Sanctions And Pandemic Weigh

Total onshore crude stocks surged to 54 million barrels in April from 15 million barrels in January, and swelled further to 63 million barrels in June, according to FGE Energy.

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Coronavirus Pain Drives Big Oil's Dash For Record Debt

Oil majors' revenues are expected to drop sharply in the second quarter after movement restrictions to limit the spread of the novel coronavirus that causes COVID-19 led to a steep drop in fuel consumption.

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Russia's Rosneft To Buy A Drilling Business From IDS

The world's second biggest oil company by output after Saudi Aramco <2222.SE>, runs its own oil services division, RN-Burenie, which has 267 rigs, but the company is also still placing orders with subcontractors.

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Turkish Floating Power Plant Firm Aims To End Blackouts In West Libya

Split between east and west by a conflict that erupted when Muammar Gaddafi was overthrown in 2011, residents of the oil and gas producing nation face hours of power cuts each day.

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Refined Soya Oil Futures Fall On Low Demand

Market analysts said cutting down of positions by participants against ample stocks mainly influenced refined soya oil prices.

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Indian Households Shun Downmarket Palm Oil, Cutting Demand In Lockdown

India's palm oil imports could plunge 20% from a year ago to 7.5 million tonnes in the 2019/20 marketing year ending on Oct. 31,

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Tata Power Completes Sale Transaction Of Ships For $212.76 Million

TERPL will now cater to shipping requirements of the company's imported coal-based CGPL plant at Mundra under an asset light model which will help unlock significant value and returns for the shareholders.

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IEX Electricity Market Trades 4,790 MU Volume In June

The average market clearing price during the month was at Rs 2.35 per unit registered 29 per cent year-on-year decline over a price of Rs 3.32 in June last year.

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Adani Signs Pact With Kalpataru For Acquisition Of Alipurduar Transmission

The acquisition of Alipurduar Transmission will bolster the pan-India presence of ATL consolidating its position as the largest private sector transmission company in India

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Buffett's Berkshire To Buy Dominion Energy Gas Assets For 4 Billion Dollar

The transaction announced on Sunday includes more than 7,700 miles (12,390 km) of natural gas transmission lines and 900 billion cubic feet of gas storage.

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