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Latest Articles in Energy Infra

Oil Prices Claw Back 2% After Upbeat Signals From Trump Doctors

Trump's health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

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Noble Energy Shareholders Approve $4.1 Billion Sale To Chevron

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

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Oil Loses 4% After Trump Gets Coronavirus And Economies Wobble

Brent crude was down $1.66, or 4.1%, at $39.27 a barrel. Brent was down 7% on the week.

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Oil Extends Losses After Trump Tests Positive For COVID-19

Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT.

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Natural Gas Production In India Remains Loss-Making Proposition After Gas Price Cut: Rating Agencies

The reduction in gas price to USD 1.79 per metric million British thermal unit (mmBtu) from USD 2.39 'is credit negative for upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) as it will lower their revenue from gas sales'

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Petrol Demand Returns To Pre-COVID-19 Levels, Diesel Sales Inching Up

Petrol sales rose to 2.2 million tonne in September as compared to 2.16 million tonne in the same month last year and 1.9 million tonne during August 2020.

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India's Power Generation Rises For The First Time In Seven Months

India's economy is forecast to contract by up to 10% in the fiscal year that began in April, which would be its weakest performance since 1979, and analysts expect annual power demand to fall for the first time in almost four decades.

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US Oil Refiner Marathon Petroleum Cuts 12% Of Staff Because Of Pandemic

Marathon is expected to report a $623-million third-quarter loss on Nov. 2, according to IBES data from Refinitiv.

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Oil Holds Steady On Hopes For U.S. Stimulus Agreement

US West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday.

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Rosneft, Aramco Unlikely To Bid For BPCL Stake

India's government, which is looking to finance welfare schemes and bridge a fiscal deficit that has already topped the annual target, had aimed to raise $8 billion to $10 billion through the sale of its stake in BPCL.

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Oil Drops Second Day As Surging Coronavirus Cases Prompt Demand Worries

Brent crude dropped 23 cents, or 0.6%, to $41.03 per barrel by 0048 GMT. West Texas Intermediate fell 26 cents, or 0.7%, to $39.29.

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BPCL's Mozambique Block Acquisition Under Scanner

BPRL had in August 2008 bought a 10 per cent stake in Area-1 Offshore of the Rovuma Block from the US energy major Anadarko Petroleum Corp for USD 75 million.

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Oil Up 1% On Economic Hope; Virus Fears Check Price Gains

Brent crude settled at $42.43 a barrel, up 51 cents, or 1.22%. U.S. West Texas Intermediate settled at $40.60 a barrel, rising 35 cents, or 0.87%.

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Power Engineers, Employees To Protest On Oct 5 Against Move To Privatise Varanasi Discom Sector

The Uttar Pradesh government is processing the privatisation of Varanasi discom and the state's power employees and engineers, who are already protesting the privatisation will start three-hour work boycott from September 29 and full-day work boycott on October 5

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Oil Falls As Surging Virus Cases Cloud Demand Outlook

Brent crude fell 32 cents, or 0.7%, to $41.60 a barrel by 0915 GMT. U.S. West Texas Intermediate was at $39.89 a barrel, down 36 cents or 0.8%.

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