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Latest Articles in Energy Infra

OPEC+ Panel Recommends Deeper Oil Cut, Awaits Nod From Russia

The economic slowdown resulting from the virus outbreak is expected to reduce 2020 global demand growth by 300,000-500,000 bpd, or roughly 0.5%, BP Chief Financial Officer Brian Gilvary.

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Malaysia's PM-In-Waiting Seeks End To Palm Tension With India

India, the world's biggest buyer of edible oils, last month imposed curbs on refined palm oil imports and informally asked traders to stop buying from Malaysia.

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RITES Report 10% Rise In Q3 Net Profit At Rs 150 Crore

RITES is a public sector enterprise and a leading player in the transport consultancy and engineering sector in India having diversified services and geographical reach.

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Adani-Elbit JV Expanding To Export Mini UAV Systems

Elbit Systems is an international high-technology company engaged in a range of defence, homeland security and commercial programmes throughout the world.

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Oil Rises, Extending Gains Amid Optimism Over China Coronavirus

Brent futures rose by 98 cents, or 1.8%, to $56.26 a barrel by 0311 GMT, having risen 2.4% in the last session. U.S. West Texas Intermediate (WTI) futures gained $1.08, or 2.1%, to $51.83 a barrel after rising 2.3%.

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Russia's Rosneft Keen To Bid For BPCL

Rosneft, which is the majority owner of India's second-biggest private oil refinery, is keen to expand in the world's third-largest and the fastest-growing energy market.

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IOC Signs Annual Deal On Option To Buy Crude From Rosneft

India has been diversifying the sources of its crude oil imports to hedge geopolitical risks that have the potential to choke supplies from a particular region or country.

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Oil Gains More Than 1% On Hopes For Output Cuts To Counter China Virus Impact

Brent crude oil futures were up 74 cents, or 1.4%, to $54.70 a barrel by 0326 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 61 cents or 1.2% to $50.22 a barrel.

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Promoting Energy-Conscious Behaviour That Could Lower Energy Usage And Bills - Mr. Matthew Gleeson

With a mix of data analytics and behavioural science, this report is intended to not only help utility customers better understand their energy usage but also empower them to learn to be energy efficient.

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Adani Transmission Circles Up First Ever US Private Placement For $310 Million

ATL is the transmission business arm of the Adani Group, one of India's largest business conglomerates.

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Britain To Bring Forward Ban On New Petrol And Diesel Cars

France plans to ban the sale of fossil fuel-powered cars by 2040 whilst Norway's parliament has set a non-binding goal that by 2025 all cars should be zero emissions.

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Slippery Situation

For now, the risk of rising oil prices due to US-Iran tensions may have receded, but India needs to do more for its energy security.

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Oil Prices Rebound From China Virus Slump Amid Ginger Recovery Across Markets

Brent crude was at $54.66 a barrel by 0227 GMT, up 21 cents, or nearly 0.4%, while U.S. West Texas Intermediate (WTI) crude was up 32 cents, or 0.6%, at $50.43 a barrel.

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Oil Falls As Coronavirus Hits Chinese Crude Demand

Brent crude was at $56.26 a barrel by 0926 GMT, down 36 cents. Prices dropped by more than a $1 earlier in the session to $55.42, the lowest since January 2019.

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Saudi Arabia May Cut March Prices For Most Crude Grades To Asia

Asia's biggest refiner Sinopec has said it will cut throughput at its plants by 600,000 barrels per day (bpd) in February, although it is unclear how long the production cuts will last.

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