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Latest Articles in Energy Infra

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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Gulf Oil Lubricants in strategic partnership with S-Oil of South Korea

The commercial production of S-Oil Seven recently began at GOLIL's production facility in Chennai.

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Oil Heading For Weekly Decline As Coronavirus Demand Concerns Mount

Brent crude was down 4 cents at $41.90 a barrel by 0635 GMT, while U.S. West Texas Intermediate (WTI) crude dropped 8 cents to $40.23.

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Indian Oil Seeks Petrol After BPCL's Post-Hiatus Purchase

India went on a buying spree in 2019 as refineries upgraded to produce cleaner fuels, causing the country's monthly gasoline imports to hit an all-time high of about 410,000 tonnes in September last year

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BPCL Sale May Be Delayed Until Next Fiscal Year, Worsening Federal Deficit Woes

India's economy contracting by a record 23.9% in the June quarter due to COVID-19, a delayed sale of BPCL could hinder the government's ability to generate funds for stimulus efforts aimed at restoring growth.

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Oil Falls As Frail Demand Outlook Outweighs U.S. Stock Drawdown

Brent crude futures fell 21 cents, or 0.5%, to $41.56 a barrel by 0922 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 26 cents, or 0.7%, to $39.67 a barrel.

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World’s Operating Nuclear Fleet At 30 Year Low As New Plants Stall

Of the 52 new plants being built globally at least 33 are behind schedule, while not a single new project came online in the first half of 2020, the report said.

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Oil-Trading Bribery Probe Widens With New U.S. Charges, Guilty Pleas

Authorities in the United States and Brazil are investigating improper payments to officials at Petrobras, Brazil's state-run oil company, as part of Brazil's far-reaching corruption probe, known as Car Wash.

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Oil Falls On Fuel Demand Growth Concerns As Coronavirus Lingers

The market remains wary of a resumption of exports from Libya, although it is unclear how quickly it can ramp up volumes. Libya's National Oil Corp (NOC) seeks to boost output to 260,000 bpd by next week.

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ONGC Says Fire At Hazira Gas Processing Plant Under Control

Surat Collector and District Magistrate Dhaval Patel, a senior city official, told Reuters the fire was caused by a rupture in a pipeline at the gas terminal. ONGC's plant is in Surat

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Oil Weakens After Unexpected US Crude Inventory Rise

Brent crude fell 1 cent to $41.71 a barrel by 0818 GMT, paring an earlier 1.2% drop. U.S. West Texas Intermediate crude was unchanged at $39.80.

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Oil Rises As US Storm Eases, But Demand Worries Linger

US West Texas Intermediate (WTI) crude futures for October, due to expire on Tuesday, rose 26 cents, or 0.7%, to $39.57 a barrel at 0224 GMT.

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AIPEF Writes To PM Modi; Urges Not To Rush Electricity (Amendment) Bill

They are opposing the draft amendment Bill because it threatens to violate the principles of cooperative federalism

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