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Articles for Oil and Gas

Oil Up 6 Per Cent As OPEC Firms Up Meet, US Demand Soars

The oil market rebounds after Qatari oil minister says producers from within and outside OPEC will meet in Doha on April 17 to discuss output freeze plans

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Russia's Rosneft Sells Nearly Half Of Vankor Field To Indian Firms

Russian oil firm Rosneft said on Wednesday it had signed a series of documents on selling stakes in Russian oil fields to Indian firms during a visit by its CEO Igor Sechin to India

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Oil Down 3 Per Cent On Technical Pressure, US Stockpile Worry

Uncertainty over how the Federal Reserve will word its policy statement on Wednesday also fed jitters in financial markets

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Indonesia's Pertamina Looks To India To Process Iraqi Crude

'Why India? Because its geographic location is good,' says Pertamina CEO. Any crude shipments from Iraq would pass several Indian oil ports on the way to Indonesia

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Oil Tumbles Up To 4 Per Cent, Stockpile Worry Cuts Short Rally

OPEC said global demand for crude from its members, including Saudi Arabia, Iraq and Iran, will be less than previously thought in 2016 due to competing non-OPEC supply

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ONGC Plans $5 Billion Investment To Develop Eastern Gas Asset

The asset can produce up to 17 million metric standard cubic metres per day (mmscmd) of natural gas and 75,000 barrels of oil per day by 2020

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IEA Says Oil Prices Might Have Bottomed Out

Oil prices might have bottomed as production declines in the United States and other non-OPEC producers are accelerating and an increase in supply from Iran has been less than dramatic, the International Energy Agency said on Friday

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Oil Prices Edge Up On Weaker Dollar, Financial Investments

Friday's stronger prices came following losses the previous day after a meeting between major producers to coordinate a freeze in output looked unlikely to even take place without Iran committing

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Indian Firms Plan To Sign Oil Deals With Rosneft Next Week

The Russian company's Chief Executive Igor Sechin will visit Delhi on March 15-16 to stitch together the deals

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Cabinet Clears New Price Formula For Undeveloped Gas Finds

In a boost to firms like ONGC and Reliance Industries, the Cabinet on Thursday approved a new price formula for their undeveloped gas discoveries in difficult areas, which will lead to a near-doubling of rates

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