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Latest Articles in Energy Infra

Oil Rises More Than 1% As Recession Fears Recede

Brent crude was up 68 cents, or 1.2%, at $58.91 a barrel at 0650 GMT, after falling 2.1% on Thursday and 3% the previous day.

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Oil Prices Drop On Weak China Economic Data, US Stocks Rise

Brent crude was down 64 cents, or 1 per cent, at $60.66 a barrel at 0446 GMT, after rising 4.7 per cent on Tuesday, the biggest percentage gain since December.

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India Looks To Trial LNG As Fuel For Fishing Boat

Fishing boats are typically fuelled by diesel, but a new regulation by the International Maritime Organisation (IMO) that limits the sulphur content of fuel used in ships by 2020 could push governments to explore the use of cleaner fuels.

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Indian Oil Sells More Naphtha For August: Sources

IOC sold the 35,000-tonne naphtha cargo for Aug. 28-30 loading from Chennai to commodity trader Trafigura at a premium of about $17 a tonne to its own price formula on a free-on-board (FOB) basis after extending the validity of the sales tender by a day, the sources said.

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Oil Prices Slip As Demand Concerns Outweigh Efforts To Curb Supply

International benchmark Brent crude futures were down 18 cents or 0.3%, from the previous settlement, to $58.39 a barrel by 0310 GMT.

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India's Fuel Demand Rose 3.3 Per Cent In July

Consumption of fuel, a proxy for oil demand, totalled 17.58 million tonnes, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

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Oil Slips As Demand Outlook, Trade Dispute Weigh

International benchmark Brent crude futures were at $58.35 a barrel by 0249 GMT, down 18 cents, or 0.3%, from their previous settlement.

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India's Coal Import Rises 29 Per Cent To 24 Million Tonnes In June

India's coal import during June through the major and non-major ports is estimated to have increased by 2.42 per cent over May 2019.

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IEA Warns Oil Demand Growth So Far In 2019 Lowest Since 2008

"The situation is becoming even more uncertain ... global oil demand growth has been very sluggish in the first half of 2019," the IEA said in its monthly report.

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Oil Edges Up On Expectations Of More OPEC Output Cuts, But Trade Worries Linger

OPEC and its allies including Russia agreed in July to extend their supply cuts until March 2020 to boost oil prices.

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JSPL Denies Payment Defaults; Says Business As Usual

The company said all speculations/rumours with respect to payment default are 'baseless and false in nature'.

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Gail India Offers US LNG Cargoes For Oct-Dec: Sources

The Indian importer has 20-year deals to buy 5.8 million tonnes a year of US LNG, split between Dominion Energy's Cove Point plant and Cheniere Energy's Sabine Pass site.

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Oil Jumps On Expectations Producers May Cut Supply After 4% Slump

Brent crude had rebounded to $ 57.75 a barrel, up to $1.52, or 2.7%, from its last close by 0401 GMT, while U.S. West Texas Intermediate (WTI) crude futures jumped $ 1.51, or 2.96%, to $ 52.60 a barrel.

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Oil Sets New Seven-Month Low On Trade Tensions

Brent crude futures were down 70 cents, or 1.2 per cent, at $ 58.26 a barrel by 1205 GMT, setting a fresh seven-month low. Prices have lost more than 20 per cent since hitting their 2019 peak in April.

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India To Relax Rules For Entry Into Fuel Retail Sector: Source

The cabinet is expected to approve the proposal in four to six weeks, said the source, who declined to be named because they are not authorised to speak to media.

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