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Latest Articles in Oil and Gas

GAIL Might Buy Some Wind Energy Assets Of IL&FS: Sources

The new board of shadow bank IL&FS, which has defaulted on some of its debt, has decided to sell off its assets as part of a restructuring plan

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Oil Rises On Expected OPEC Cuts, But Surging U.S. Supply Drags

OPEC's de-facto leader Saudi Arabia wants the cartel and its allies to cut output by about 1.4 million barrels per day (bpd), around 1.5 percent of global supply, sources told media sources this week

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Saudi Minister Calls For 1 Million BPD Global Oil Output Cut

Khalid A. Al-Falih, Minister of Energy, Industry and Mineral Resources of Saudi Arabia said Saudi Arabia will cut its production by 500,000 bpd as of next month to help stabilise the market

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Oil Prices Jump After Saudi Arabia Announces December Supply Cut

Saudi Arabia plans to reduce oil supply to world markets by 500,000 barrels per day (bpd) in December, its energy minister said yesterday, as the country faces uncertain prospects in getting other producers to agree to a coordinated output cut

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Saudi To Cut Oil Output As Producers Discuss Price Dip

Saudi Energy Minister Khalid al-Falih announced the kingdom was cutting its supplies by 500,000 barrels per day from December

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Petrol, CNG Pumps In Delhi To Remain Shut Today

There are about 400 petrol pumps in Delhi which also have linked compressed natural gas (CNG) stations and all of them will remain closed for nearly 24 hours in protest from 6 am onwards on October 22 and remain closed till 5 am on October 23

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PM To Brainstorm Oil Scenario With Global CEOs Tomorrow

The third annual meeting to be attended by Prime Minister Narendra Modi, global and Indian oil and gas companies would also deliberate on ways to revive investment in oil and gas exploration and production

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As Petrol Prices Sky-rocket, Indians Look For Ways To Ease The Pain

Taxes on petrol and diesel, which account for more than a third of retail fuel prices, are one of the biggest sources of income for state and central governments

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Petrol, Diesel Prices Heading Towards Century Mark: Cong

'I do understand the feelings of people who are getting affected by the rising fuel prices. I had no intention of hurting the sentiments of the common man'

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West Bengal To Cut Petrol, Diesel Prices By Rs 1 per litre

The common people are facing the harassment and hardships. For the time being, we have decided to slash one rupee for each litre of petrol and diesel

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Petrol, Diesel Prices Hit Fresh Highs

Petrol price in Delhi climbed to Rs 80.87 per litre, while in Mumbai it inched up to Rs 88.26. A litre of diesel in the national capital was priced at Rs 72.97 and Rs 77.47 in Mumbai

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GAIL India Says Aims To Add 5,500 km Gas Pipeline In 3 Years

India wants to raise share of natural gas in its energy mix to 15 per cent in next few years from about 6.5 per cent

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BPCL To Skip Iran Oil Purchases In October

BPCL has changed a crude mix for its 240,000 barrels per day (bpd) Mumbai refinery after shutting down the fire-hit hydrocracker unit last month to optimise its processing and output of refined products

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Petrol In Delhi Crosses Rs 80 Mark, Diesel At Highest Ever

The spike in prices has renewed calls for cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying international oil prices are volatile and have not shown any linear movemen

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Petrol, Diesel Price Hiked By Steepest Level In A Year; Rates At Record High

The central government had raised excise duty on petrol by Rs 11.77 a litre and that on diesel by 13.47 a litre

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