Articles for Oil and Gas

Crude Oil Price Plunge: What Hurts And What Helps The Indian Economy

Energy & Infra Dec 15, 2015 3 min(s) read

Since Narendra Modi-led National Democratic Alliance government assumed the office at Raisina Hills, global crude oil prices have steadily declined. From about $110 per barrel then, prices of different varieties of crude oil have dropped to between $35-37 per barrel

Oil Extends Losing Streak As Oversupply Concerns Persist

Energy & Infra Dec 15, 2015 3 min(s) read

Brent, the global benchmark, was at $37.74 at 0440 GMT, down 18 cents from its last settlement after rising slightly earlier on Tuesday; US crude was at $36.23, down 8 cents

Falling Global Gas Prices Bonanza For India

Energy & Infra Dec 14, 2015 4 min(s) read

India, a large energy consumer, is in a strong bargaining position, well poised to sign long-term gas supply agreements at today’s low rates, writes Amit Bhandari

Oil Prices Drop For Seventh Session On Oversupply Worries

Energy & Infra Dec 14, 2015 2 min(s) read

Crude prices have fallen every day since the Organization of the Petroleum Exporting Countries (OPEC) on 4 December abandoned its output ceiling

Essar Oil To Delist At Floor Price Of Rs 146.05 Per Share

Energy & Infra Dec 07, 2015 1 min(s) read

Essar Oil has decided to delist from local stock exchanges by buying out the non-promoter shareholding of 28.54 per cent to give its promoters greater flexibility

Chennai Petroleum Shuts 210,000 BPD Refinery Due To Flooding

Energy & Infra Dec 03, 2015 1 min(s) read

Chennai Petroleum Corp Ltd shut its 210,000 barrels per day (bpd) Manali refinery on Wednesday (2 December) night due to heavy flooding in the southern state of Tamil Nadu, Managing Director Gautam Roy told Reuters on Thursday.

Jet Fuel Price Cut By 1.2 Per Cent; LPG Rate Hiked By Rs 61.5

Energy & Infra Dec 01, 2015 2 min(s) read

Officials said the hike in LPG rates was due to firming global rates which has also led to payout on the subsidised cooking gas go up from Rs 127.18 per 14.2-kg cylinder to Rs 188.68

India Oil Imports From Asia-Pacific Spike In Oct As Refiners Tap New Routes

Energy & Infra Nov 24, 2015 3 min(s) read

Crude imports from points east of India, mainly Malaysia and Australia, surged to 187,000 barrels per day (bpd) in October, the highest since April 2014, according to ship tracking data obtained from sources and compiled by Thomson Reuters Oil Research & Forecasts.