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Latest Articles in Energy Infra

Virus-Hit Gulf Has Little Room To Boost Revenue After Oil Price Shock

With debt of only around 20% of GDP, it can continue to borrow to finance its deficit, but may opt instead to utilise reserves, which stood at around 469 billion riyals ($124.96 billion) in 2019.

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Asian Refiner Profits For Transport Fuels Plunge On Virus-Fighting Measures

Asian refining margins, or cracks, for jet fuel plunged to $4.71 per barrel over Dubai crude, the lowest on record for Refinitiv data going back to March 2009. They were at $7.70 on Friday.

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Oil Plunge Sets Off Search For Tanks, Revives Dormant Cushing Storage Trade

Analysts estimate the glut could reach more than 1 billion barrels. Some of the excess crude will be absorbed by nations snapping up cheap oil for their strategic reserves, including India and the United States, but that will only mop up some of the supply.

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Oil Prices Jump $1 As Recent Sharp Falls Draw Investors

Brent crude was up by 1.5%, or 46 cents, to $30.51 a barrel by 0206 GMT, after hitting a high of $31.25.

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Punjab To Rationalise Power Tariffs: Amarinder Singh

They had also accused the government of striking "underhand deals" with the management of private thermal plants, which "resulted in a loss of Rs 4,100 crore to the state exchequer".

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Surging Demand To Move Flood Of Crude Oil Sends Smaller Tanker Rates Soaring

VLCC rates from the Middle East to China rose to about $265,000 per day on Monday, up from about $30,000 a day last week, broker data showed.

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OPEC+ Calls Off Wednesday Technical Talks

OPEC+ failed to reach a deal to deepen oil supply cuts or to extend existing curbs, deepening a slide in oil prices.

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Brent Falls 10%, WTI Below $30 As Coronavirus Spreads

Brent crude was down $3.36, or 9.9%, to $30.49 a barrel by 1134 GMT. The front-month price had risen $1 earlier in the session.

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China's January-February Coal Output Drops 6.3% As Coronavirus Disrupts

The National Energy Administration said on March 5 that production had reached 83.4% of total coal mining capacity as of March 3.

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Petrol Price Cut By 12 paise/litre, Diesel By 14 Paise

Petrol in Delhi now costs Rs 69.75 per litre, while diesel is priced at Rs 62.44, according to a price notification of state-owned oil firms.

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India Increases Fuel Taxes In A Bid To Shore Up Revenue

Global oil prices posted their biggest week of losses since the 2008 global financial crisis, rocked by the coronavirus outbreak and efforts by top exporter Saudi Arabia.

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Saudi Arabia Floods Markets With $25 Oil As Russia Fight Escalates

Oil prices have halved since the start of the year because demand has been hit by the coronavirus outbreak and after Russia and OPEC failed to reach a new deal on supply cuts.

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Oil Rises 2% But Set For Biggest Weekly Thumping Since 2008

Brent crude was up 70 cents, or 2.1%, at $33.92 a barrel by 0540 GMT after falling more than 7% on Thursday.

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India's Fuel Demand Grows 4.5% In Feb, After Two Months Of Decline

Indian demand for gasoline used in passenger vehicles rose in February at its fastest since May last year, growing about 11.2% from a year earlier to 2.51 million tonnes.

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Total Says To Build France's Biggest Battery Power Storage Project

Total's Saft will also participate in, will add three battery storage facilities to the grid with a total capacity of around 32 MW.

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