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Latest Articles in Energy Infra

Saudi Arabia Says No Talks On New Oil Deal, Moscow Suggests Larger OPEC+

"Joint actions by countries are needed to restore the (global) economy ... They (joint actions) are also possible in the OPEC+ deal's framework".

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Oil Mixed As Government Pledges Reach $5 Trillion In Coronavirus Chaos

Brent crude was down 34 cents, or 1.2%, at $26 a barrel by 0726 GMT. U.S. crude was up 8 cents, or 0.4%, at $22.68.

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Russia Calls For New Enlarged OPEC Deal To Tackle Oil Demand Collapse

The world's gross domestic product had risen to 323% as of now from 230% at a time of the previous economic crisis of 2008.

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India's Electricity Use Falls To Lowest In Five Months Due To Lockdown

National electricity demand fell to 2.78 billion units on March 25, the first day of the three-week total shutdown called by Prime Minister Narendra Modi late on Tuesday.

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LNG Tankers Build Up Around Indian Ports After Force Majeure

Qatar has approached several buyers in Asia and Europe offering cargoes in the spot market for either loading or delivery in April.

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Global Oil Refiners To Deepen Output Cuts As Virus Destroys Demand

China, which restarted its economy after weeks of lockdown, is an outlier with its refining sector showing signs of recovery amid a decline in the number of new virus cases.

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Indian LNG Importers Invoke Force Majeure As Gas Demand Slumps

Spot prices in Asia fell to a record low in February but had been rising due to India's LNG purchases and a slow recovery in China as people returned to work.

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US Crude Stockpiles Rise, Fuel Demand Drops As Virus Effects Start To Hit: EIA

U.S. crude futures were down 14 cents to $23.88 a barrel by 11:25 a.m. ET (1525 GMT), while Brent fell 3 cents to $27.12 a barrel.

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IndiGrid Acquires Transmission Asset From Sterlite Power For Rs 1,020 Crore

IndiGrid's asset portfolio will increase to nine power transmission projects with a total network of 20 power transmission lines spanning across more than 5,800 circuit kilometres across 13 Indian states.

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Malaysia Says Relations With India To Improve After New Delhi Lifts Tax

India's trade remedial body had in early March recommended the government not to extend the 5% bilateral safeguard duty on imports of refined palm oil from Malaysia.

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Indian LNG Importers Issue Force Majeure Notices As Gas Demand Slumps

Only fertiliser, power and refineries are running at parcel loads. Other local buyers have already issued force majeure so where should we sell LNG.

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Oil Extends Gains As Optimism Over US Stimulus Lifts Global Markets

U.S. crude rose to a high of $25.24 a barrel early in the session and was at $24.86 a barrel, up 85 cents, or 3.5%, at 0732 GMT.

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Big Oil May Have To Break Dividend Taboo As Debt Spirals - Investors

The top five so-called oil majors have avoided reducing dividends for years to keep investors sweet and added a combined $25 billion to debt levels in 2019 to maintain capital spending.

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Indian State Refiners Cut Runs On Weak Demand

Top refiner Indian Oil Corp has cut refinery runs by an average 15%-20%, sources familiar with the matter said.

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Malaysia's Biggest Palm Oil State Shuts Some Plantations Due To Virus

Malaysia has said 16,000 people attended the event held between Feb 27 and March 1. Most of the participants were Malaysian residents but there were also attendees from 25 countries.

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