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Latest Articles in Energy Infra

India's December Palm Oil Imports Jump 4% On Duty Cut, Trade Body Says

India in late November slashed the import tax on crude palm oil to 27.5% from 37.5%, as New Delhi tried to bring down rising food prices.

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Oil Prices Dip On Virus Worries; U.S. Stock Draw, China Data Check Losses

Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.

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Coal India Revises Up FY21 Capex By 30 Pc To Rs 13,000 Cr

Compared to Rs 2,930 crore capex that the company clocked during April-December period of 2019-20, the actual spend was up by Rs 4,871 crore in the corresponding period of FY21.

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IEA Says Oil Market Outlook Clouded By Vaccine Roll-Out Variables

OPEC and allied countries such as Russia agreed this month to cut crude production through March in a bid to match abundant supply with demand which has sagged amid surging virus cases while vaccination programmes get underway.

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Saudi Aramco Cuts February Crude Supply To Some Asian Refiners

Most OPEC+ producers will hold production steady in the face of new coronavirus lockdowns.

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Oil Prices Extend Gains After US Inventory Drop

Crude inventories in the U.S. dropped by 5.8 million barrels last week to around 484.5 million barrels, data from the American Petroleum Institute showed late on Tuesday.

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Germany’s Transition To Renewables, What Can India Pick Up?

A developing economy like India, though mainly agriculture based, can take lessons from success as well as failures of other countries, while executing its own energy agenda.

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OPEC Crude Output Cuts Should Help U.S. Shale Profits In 2021

US crude oil production has fallen 2 million barrels per day in the last year as low prices and demand forced output cuts.

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CCI Approves Acquisition Of Share Capital In Adani Green Energy By Total SE subsidiary

CCI gave nod to acquisition of 100 per cent equity interest and joint control in Virtusa Corporation by Baring and other investors.

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BSES Discoms Pay Rs 400 Cr To APCPL

The BSES discoms are committed to supplying reliable and uninterrupted power to around 46 lakh consumers in Delhi

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Oil Prices Fall On Renewed Coronavirus Concerns As China Cases Mount

Brent crude oil futures fell 42 cents, or 0.8%, to $55.57 a barrel by 0146 GMT after earlier climbing to $56.39, its highest since Feb. 25, 2020. Brent rose in the previous four sessions.

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India's Fuel Demand At 11-month High In Dec

Fuel consumption, however, posted a month-on-month increase for the fourth straight month, helped by reviving transportation and business activity.

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Coal Demand To Rise In Post-COVID Era: CIL Chief

Coal India chairman and managing director Pramod Agrawal said the miner is emphasising on raising its output as it is committed to fulfil the energy requirement of the country.

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India's December Fuel Demand Scales 11-Month Peak As Recovery Gathers Pace

Sales of cooking gas, or liquefied petroleum gas (LPG), rose more than 7% to 2.53 million tonnes on a monthly and annual basis, while naphtha sales fell by 2.4% to 1.24 million tonnes from a year earlier.

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Oil Rises To 11-Month High, Logs Weekly Gain On Saudi Output Cut

Brent crude settled at $55.99 a barrel, climbing $1.61, or 3%, on the day and 8.1% on the week. West Texas Intermediate crude futures (WTI) closed at $52.24 a barrel, gaining $1.41, or 2.8%, also its highest since late February.

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