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Latest Articles in Energy Infra

India To Overtake China As World's Largest LPG Residential Market By 2030

India’s LPG demand in the residential sector will account for 82 per cent of the country's total LPG demand while natural gas demand in the same sector will only account for 3 per cent of total natural gas demand in India

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Oil Prices Climb As Trump's Return To White House Calms Nerves

Oil prices had fallen sharply when Trump went to hospital on Friday, as the investors were filled with uncertainty over what would happen in the United States as the country gears up for a presidential election on Nov. 3.

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Piyush Goyal Holds Discussions With Top Leadership Of Coal And Power Sector

The minister called for coordinated operations among Railways, coal and power entities to ensure maximum mutual growth of all the three sectors.

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Oil Rebounds On Trump Health Update, Norway Shutdowns

Brent was up $1.20, or 3.1%, to $40.47 a barrel by 0925 GMT. U.S. West Texas Intermediate (WTI) crude was $1.26, or 3.4%, higher at $38.31 a barrel.

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Eden Renewables Increases Portfolio With 1,350 Mwp Of New Solar PV Power Plants

Eden Renewables recently won two 450 MWp1 solar PV projects during the last tenders organised by the Solar Energy Corporation of India (SECI VIII and SECI IX).

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Oil Prices Claw Back 2% After Upbeat Signals From Trump Doctors

Trump's health update eased political uncertainty in global markets, pushing Brent up to $39.96 a barrel by 0232 GMT, gaining 69 cents or 1.8%. U.S. West Texas Intermediate (WTI) crude was at $37.81 a barrel, up 76 cents, or 2.1%.

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Noble Energy Shareholders Approve $4.1 Billion Sale To Chevron

The all-stock deal values Noble Energy at around $4.1 billion, excluding $8 billion in debt, and the vote cements the first big energy deal since the coronavirus crushed global fuel demand.

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Oil Loses 4% After Trump Gets Coronavirus And Economies Wobble

Brent crude was down $1.66, or 4.1%, at $39.27 a barrel. Brent was down 7% on the week.

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Oil Extends Losses After Trump Tests Positive For COVID-19

Brent crude slipped on the Trump news and was down $1.12, or 2.7%, at $39.81 a barrel by 0710 GMT.

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Natural Gas Production In India Remains Loss-Making Proposition After Gas Price Cut: Rating Agencies

The reduction in gas price to USD 1.79 per metric million British thermal unit (mmBtu) from USD 2.39 'is credit negative for upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) as it will lower their revenue from gas sales'

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Petrol Demand Returns To Pre-COVID-19 Levels, Diesel Sales Inching Up

Petrol sales rose to 2.2 million tonne in September as compared to 2.16 million tonne in the same month last year and 1.9 million tonne during August 2020.

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India's Power Generation Rises For The First Time In Seven Months

India's economy is forecast to contract by up to 10% in the fiscal year that began in April, which would be its weakest performance since 1979, and analysts expect annual power demand to fall for the first time in almost four decades.

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US Oil Refiner Marathon Petroleum Cuts 12% Of Staff Because Of Pandemic

Marathon is expected to report a $623-million third-quarter loss on Nov. 2, according to IBES data from Refinitiv.

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Oil Holds Steady On Hopes For U.S. Stimulus Agreement

US West Texas Intermediate (WTI) crude futures slipped 1 cent to $40.21 a barrel at 0146 GMT, after jumping 2.4% on Wednesday.

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Rosneft, Aramco Unlikely To Bid For BPCL Stake

India's government, which is looking to finance welfare schemes and bridge a fiscal deficit that has already topped the annual target, had aimed to raise $8 billion to $10 billion through the sale of its stake in BPCL.

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