Advertisement

Latest Articles in Oil and Gas

India Discusses To Form 'Oil Buyers Club' With China

Production cuts by OPEC have led to international oil prices hitting a four year high last month that forced a Rs 3.8 per litre hike in petrol and Rs 3.38 a litre increase in diesel prices

Read More

Petrol Price Cut By 60 Paise, Diesel By 56 Paise Per Litre

The reduction comes after 16 consecutive price increases since May 14 when fuel retailers ended a 19-day pre-Karnataka poll hiatus to pass on a spike in global oil rates

Read More

India To Take A 'Long-term" View On Fuel Pricing: Law Minister

Prices of diesel and petrol in India have surged to a record high. A liter of petrol costs 77.17 rupees ($1.13) while diesel is sold at 68.34 rupees/liter

Read More

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.

Read More

Brent Oil Surges Above $80 For First Time Since 2014

Higher oil prices, in turn, pushed the shares of energy firms in European stock markets higher, helping London's FTSE to set a new all-time high, and the Paris CAC to establish a fresh 2018 peak

Read More

India's Fuel Demand Up 4.4% In April

Fuel consumption in April totalled 17.67 million tonnes as compared to 16.91 million tonnes in the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry showed.

Read More

Petrol, Diesel Prices Hiked After 19-day Pre-poll Hiatus

Petrol price in Delhi was hiked to Rs 74.80 per litre from Rs 74.63 while diesel rates were increased to Rs 66.14 a litre from Rs 65.93

Read More

Bharat Petroleum Plans $3 Billion Petchem Plant Near Mumbai

Demand is expected to almost double again within a decade, according to a report from the Ministry of Petroleum and Natural Gas

Read More

Diesel Use In India Set For Record In 2018

India's average monthly diesel consumption was about 6.6 million tonnes, or about 1.6 million barrels per day (bpd), in 2017. That was up about 3.1 percent from 2016, when average monthly consumption was 6.4 million tonnes

Read More

IOC, BPCL May Buy 26% Stake Each In GAIL

The government has so far not taken any view on the proposals made by IOC and BPCL

Read More

Oil Prices Fall As Increased US Drilling Points To Higher Output

On a simple supply versus demand basis, however, oil markets are facing the possibility of a renewed glut after being in a slight deficit for much of last year

Read More

Oil Slips As Higher US Output Looms Despite Dip In Drilling

A falling rig count and the strong employment data may have helped support prices

Read More

India's Fuel Demand Rose 7.7% In February

ales of gasoline, or petrol, were 9.4 percent higher from a year earlier at 2.08 million tonnes

Read More