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Latest Articles in Energy Infra
Cooking Gas: Consumption Conundrum
277.6 million LPG consumers in the country, around 15 million are not eligible for subsidy since December 2016 because of their annual taxable income exceeding Rs 10 lakh.
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India's Oil Demand Outlook Darkening As Economy Limps Along: Fitch Solutions
Its economists now forecast real GDP to contract by 8.6 per cent in FY21, down from minus 4.5% previously.
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Oil Prices Steady As Third Storm In Month Takes Aims At US
Brent crude was up 9 cents, or 0.2%, at $43.24 a barrel by 0230 GMT, while U.S. crude was up 10 cents, or 0.2%, to $42.21 a barrel.
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India's Fuel Demand To Contract 11.5% In 2020: Fitch Solutions
Industrial demand as a whole has declined sharply, due to restrictions in place on business activities, labour and supply shortages and credit constraints
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Oil Rises 2%, Reverses Loses As OPEC+ Addresses Market Weakness
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel.
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OPEC+ Panel To Meet Amid Oil Price Decline
OPEC+ producers have been reducing production since January 2017 to help support prices and reduce global oil stockpiles.
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Oil Refiners Shut Plants As Demand Losses May Never Return
Royal Dutch Shell will permanently shut its 110,000-barrel-per-day Tabangao facility in Philippines' Batangas province, one of only two oil refineries in the country.
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India's Coal-Fired Power Output Picks Up As Industrial Use Rises
The share of coal in India's overall electricity generation rose to nearly 66% during the first 15 days of September, the highest since March 2020 levels of 71.2%, data from POSOCO showed.
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Oil Gains As Hurricane Shuts US Output, Stockpiles Fall
Brent crude was trading up 15 cents, or 0.4%, at $40.68 a barrel by 0055 GMT, while U.S. crude gained 18 cents, or 0.5%, to $38.46 a barrel.
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OECD Oil Stocks Reach Record High In July: IEA
"Stocks drew in June, bringing to an end three months of significant month-on-month increases and, it was thought, opening a period of gradual de-stocking
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Oil Prices Drop As Bleaker Fuel Demand Outlook Weighs On Market
Brent crude was down 4 cents, or 0.1%, at $39.57 a barrel by 0642 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 2 cents, or 0.1%, at $37.24 a barrel.
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IEA Says Oil Demand Recovery Set To Slow For Rest Of 2020
Renewed rises in COVID-19 cases in many countries and related lockdown measures, continued remote working and a still weak aviation sector are all hurting demand
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Oil Slips As Bleaker Demand Outlook Weighs On Sentiment
Brent crude was down 5 cents, or 0.1%, at $39.56 a barrel by 0407 GMT, while U.S. West Texas Intermediate (WTI) crude futures were down 3 cents, or 0.1%, at $37.23 a barrel.
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Shell Focussed On Turning Around Troubled Australian Operations
Shell booked $11 billion in writedowns on its gas business, mostly on its Australian Prelude floating LNG (liquefied natural gas) and QGC business, after cutting its long-term oil and gas price outlook.
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Oil Edges Lower, Shrugging Off Gulf Of Mexico Shut-Ins
Brent crude settled down 22 cents, or 0.6%, at $39.61 a barrel while U.S. West Texas Intermediate (WTI) crude futures were down 7 cents, or 0.2%, at $37.26 a barrel.
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