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Latest Articles in oil and gas

IOC Nears First Deal To Export Fuel To Bangladesh

Indian Oil Corp placed premiums to Middle East quotes of $2.60 a barrel for diesel and $4.48 for gasoline 95

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India's Fuel Demand Recovery Gathers Pace As Lockdown Eases

Demand for refined fuel is expected to get another boost from Monday as India has lifted more restrictions under its extended lockdown that runs until May 31.

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Hike In Fuel Excise To Increase Tax Collection By $21 Billion: Moody's

The revenue generated from these duties will be used for infrastructure and other developmental items of expenditure

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What Is A Negative Crude Future And Does It Mean Anything For Consumers?

Such a steep drop in the oil benchmark prompted strong reactions beyond trading floors. Here is an explanation of what negative crude prices mean in the real world:

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LPG Cylinder Prices Hiked By Over Rs 100 Across Metro Cities

This subsidy amount depends on changes in the average international benchmark LPG rate and foreign exchange rate.

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Welspun Group Promoters, Through Closely Held Family Office Investment, Acquires Majority Stake In Warehousing Platform- 'One Industrial Spaces'

The Welspun Group is one of India's fastest-growing global conglomerates with business interests in line pipes, home textiles, infrastructure, oil and gas, advanced textiles and floorings solutions.

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Trends Shaping Today's Oil And Gas Industry

The Oil & Gas market is here to stay, serving as the base for polymers & petrochemicals something which renewable energy cannot do!

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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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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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PIL On Fuel Price Change: HC Asks Centre To Treat It As Representation

The petitioner wanted the present mechanism of daily fixation of fuel prices to be held unconstitutional and said the government should be directed to fix a "fair price" for their sale

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Rising Petrol And Diesel Prices: Will Govt. Take Any Action This Week?

The government may not rely only on cutting excise duty, which makes up for a fourth of the retail selling price, the official said but did not elaborate.

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Oil Up On Ongoing Supply Cuts, But Analysts Warn OPEC Must Stay The Course

The bullish market sentiment has been fuelled this year by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russia, to hold back 1.8 million barrels per day (bpd) in oil production to tighten markets

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ONGC Seeking Oil Assets In Other Regions Amid Iran Gas Row

ONGC Videsh is targeting production of 60 million tonnes of oil and gas by 2030 from 12.80 million tonnes in 2016-17

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Petrol Price Down Rs 2.5 Per Litre, Diesel By Rs 2.25

Petrol in Delhi now costs Rs 68.38 a litre, down from Rs 70.88. A litre of diesel now comes for Rs 56.89 as against Rs 59.14 previously, according to Indian Oil Corp (IOC), the nation's largest fuel retailer

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