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Latest Articles in Energy Infra

Tata Power To Develop 225 MW Hybrid Renewable Power Project

Tata Power's renewable capacity will increase to 3,782 MW of which 2,637 MW is operational and 1,145 MW is under implementation including 225 MW won under this letter of award.

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Oil Prices Slip After OPEC, Allies Agree To Loosen Oil Supply Curbs

OPEC+ has been cutting output since May by 9.7 million barrels per day, or 10% of global supply, but from August, cuts will officially taper to 7.7 million bpd until December.

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OPEC+ Meets To Decide On Oil Cuts Easing

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, have been cutting output since May by 9.7 million barrels per day, or 10% of global supply, after the virus destroyed a third of global demand.

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Global Methane Emissions Rising Due To Oil And Gas, Agriculture

South America and Africa, growing agricultural activities such as livestock operations and farm waste caused methane levels in those regions to spike, both studies showed.

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Oil Climbs After Sharp Drop In US Crude Stocks; OPEC Committee Meeting In Focus

Brent crude futures were up 19 cents, or 0.4%, at $43.09 a barrel as of 0343 GMT, and U.S. West Texas Intermediate (WTI) crude futures rose 17 cents, or 0.4%, to $40.46 a barrel.

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Oil Prices Drop On Demand Recovery Fears, OPEC+ Easing Expectations

Under the existing agreement, OPEC+ is set to taper its record supply cut of 9.7 million barrels per day (bpd) to 7.7 million bpd from August through December.

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Oil Dips On Surge In COVID-19 Infections

Brent crude fell 65 cents, or 1.5%, to $42.59 a barrel by 0848 GMT, though prices have been hovering around $42 for a couple of weeks. U.S. crude was down 75 cents, or 1.9%, at $39.80.

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Saudi Aramco Cuts August Heavier Crude Supply For Asian Refiners

OPEC's Joint Ministerial Monitoring Committee (JMMC) will meet on Tuesday and Wednesday to recommend the next level of cuts after compliance in the group hit 107% in June, up from 77% in May.

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Oil Slips As Traders Eye Supply Cut Easing At OPEC Meeting

Brent crude fell 27 cents to $42.97 a barrel by 0114 GMT while U.S. West Texas Intermediate crude was at $40.27 a barrel, down 28 cents.

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IEA Raises 2020 Oil Demand Forecast But Warns COVID-19 Clouds Outlook

The IEA said the Organization of the Petroleum Exporting Countries and other producers including Russia, a grouping known as OPEC+, had shown 108% compliance with their pact to rein in output.

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Malaysia Palm Oil Stockpile Down 6.3% At End-June, MPOB Says

Palm oil exports surged 24.9% from May to 1.71 million tonnes, according to MPOB data.

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Oil Falls, Heads For Weekly Decline As Virus Cases Hit Record

Brent crude was down by 25 cents, or 0.6%, at $42.10 a barrel by 0341 GMT after falling more than 2% on Thursday. U.S. oil fell 33 cents, or 0.8%, at $39.29 a barrel after a drop of 3% in the previous session.

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India's Fuel Demand Recovered Further In June

Demand for fuel plunged to 9.94 million tonnes in April, its lowest level since 2007 as stringent lockdown measures hammered economic activity, but it has since recovered by 64%.

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Reliance To Load Venezuelan Oil Cargo Under Fuel Swap Deal

Reliance gave the US State Department and the Office of Foreign Assets Control (OFAC) notice of the diesel swap and received word back that the policies that allowed the transaction were still in place

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Oil Slips As Coronavirus Fears Offset Gasoline Recovery Signs

Brent crude futures fell 21 cents, or 0.4%, to $43.08 by 0908 GMT, after gaining 0.5% on Wednesday.

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