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Latest Articles in Energy Infra

Exxon And Total In Talks Over Mozambique LNG Resource-Sharing Deal

Now Exxon and Total are trying to rework the agreement to increase extraction from the straddling reserves as a way to boost efficiency and increase their projects' annual LNG production

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Oil Rally Boosted By Surprise Fall In US Stocks

Brent futures were up 45 cents, or 0.9%, at $49.06 a barrel by 0245 GMT, after rising around 1.6% in the previous session.

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Oil Prices Rally Further On Vaccine Optimism Despite Inventory Rise

Brent crude was up 54 cents, or 1.1%, at $48.40 a barrel by 0247 GMT, having risen almost 4% in the previous session.

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Saudi Aramco Says Domestic Supplies Unaffected By Attack On Jeddah Plant

Aramco's oil production and export facilities are mostly in Saudi Arabia's Eastern Province, more than 1,000 km (620) from Jeddah.

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Brent Hits Highest Since March, Spurred By Coronavirus Vaccine Hopes

Brent crude futures rose 34 cents, or 0.7%, to $46.40 a barrel by 0323 GMT, while U.S. West Texas Intermediate crude added 38 cents, or 0.9%, to $43.43 a barrel.

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India's Top Refiner Buys Most Crude Since COVID-19 Outbreak

IOC's chairman said this month that the refinery has been operating at 100% capacity since early November as local fuel demand has recovered.

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Refined Soya Oil Futures Fall On Low Demand

On the National Commodity and Derivatives Exchange, refined soya oil for delivery in December declined by Rs 11.6, or 1.07 per cent, to Rs 1,067.5 per 10 kg in 56,450 lots.

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Oil Prices Extend Gains On COVID Vaccine Hopes, Mideast Tensions

Brent crude futures rose 63 cents, or 1.4%, to $45.59 a barrel by 0733 GMT while U.S. West Texas Intermediate crude gained 49 cents, or 1.2%, to $42.91 a barrel.

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Refined Soya Oil Futures Fall On Low Demand

Refined soya oil contracts for December traded lower by Rs 2.8, or 0.26 per cent, at Rs 1,068.5 per 10 kg in 54,735 lots.

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Oil Prices Little Changed, On Track For Third Straight Weekly Gain

Prospects of an effective COVID-19 vaccine and hopes that OPEC and its allies will keep production in check have bolstered oil markets this week.

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Oil Prices Slip As Surge In Virus Cases Raises Concerns About Demand

Brent crude settled down 14 cents to $44.20 a barrel. U.S. West Texas Intermediate crude slipped 8 cents to settle at $41.74 a barrel.

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Oil Slips A Second Day As Coronavirus Cases Spiral Amid Stimulus Talks

OPEC+, a grouping that includes the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, will discuss its output policy at a meeting on Nov. 30 and Dec. 1.

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India To See Rs 10,000 Cr Investment In LNG stations: Dharmendra Pradhan

LNG will reduce the cost of operation as well as reduce carbon emissions, Pradhan said at the launch of construction of the first 50 LNG dispensing stations.

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India Aims To Reduce Diesel Use With $1.35-Billion LNG Retail Push

LNG is suitable for long-haul trucks and buses as its higher energy density can help vehicles travel 700-900 km with one fill compared with about 300 km for a diesel vehicle, said V.K. Mishra, head of finance of Petronet LNG.

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Oil Prices Mixed As Surging COVID-19 Cases Outweigh Vaccine Optimism

Brent crude futures rose 12 cents, or 0.3%, to $44.46 a barrel by 0732 GMT, reversing from an earlier loss. U.S. West Texas Intermediate crude slipped 3 cents, or 0.1%, to $41.79 a barrel, paring most of its earlier declines.

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