Page 10 - Oil And Gas
Ukraine conflict: Oil surges on Russia nuclear alert as sanctions intensify
The nuclear alert and bank payment constraints heightened fears that oil supplies from the world's second-largest producer could be disrupted
 "Ukraine conflict: Oil surges on Russia nuclear alert as sanctions intensify")
Economists say higher oil prices pose more risk to India's growth momentum
India, which meets nearly 80% of its oil needs through imports, could be hit by a widening trade deficit, weakening rupee and higher inflation
 "Economists say higher oil prices pose more risk to India's growth momentum")
Iranian prez seeks international resistance to US oil, gas sanctions
Iranian President Ebrahim Raisi has urged the international community to resist US unilateral "cruel sanctions" against other countries' oil and gas industry.
 "Iranian prez seeks international resistance to US oil, gas sanctions")
Nigeria files lawsuit against JP Morgan for disputed $1.7 billion oil deal
A London court will on Wednesday begin to hear a lawsuit launched by Nigeria against U.S. bank JP Morgan Chase, claiming more than $1.7 billion for its role in a disputed 2011 oilfield deal.
 "Nigeria files lawsuit against JP Morgan for disputed $1.7 billion oil deal")
HSBC sets target of 34% cut to emissions from oil and gas clients by 2030
HSBC aims to cut emissions associated with loans made to its oil and gas clients by 34% by 2030, said bank's sustainability chief.
 "HSBC sets target of 34% cut to emissions from oil and gas clients by 2030")
Centre anticipates fuel demand to grow 5.5% in the next fiscal year
Local demand for gasoline, used mainly in passenger vehicles, is expected to rise by 7.8%, while gasoil consumption was slated grow by about 4%
 "Centre anticipates fuel demand to grow 5.5% in the next fiscal year")
India bags ten bids for eight oil and gas blocks in latest bid round
Four companies, including 3 state-owned, put in 10 bids for the 8 oil and gas blocks on offer in India's latest round of bidding for exploration acreage, says the Directorate General of Hydrocarbons.
 "India bags ten bids for eight oil and gas blocks in latest bid round")
Rising oil and gas prices can lead to greater gains in ONGC stock
Demand and pricing environment remains positive; any reversal in energy prices could hurt sentiment
 "Rising oil and gas prices can lead to greater gains in ONGC stock")
Saudi Arabia transfers 4% of oil giant Aramco to investment fund
The announcement on state media comes as the oil firm is valued just under $2 trillion.
 "Saudi Arabia transfers 4% of oil giant Aramco to investment fund")
Oil prices steady amid prospects of aggressive Fed interest rate hike
After U.S. inflation data came in on Thursday at its hottest in 40 years, St. Louis Federal Reserve Bank President James Bullard said he wanted a full percentage point of interest rate hikes by July 1
 "Oil prices steady amid prospects of aggressive Fed interest rate hike")
Oil up as US inventories fall to lowest since Oct 2018 but Iran talks weigh
Brent crude futures rose 65 cents, or 0.7%, to $92.20 a barrel at 1140 GMT, while U.S. West Texas Intermediate crude was at $90.64 a barrel, up 98 cents, or 1.1%
 "Oil up as US inventories fall to lowest since Oct 2018 but Iran talks weigh")
Oil prices drop on potential for US-Iran talks to add crude supplies
Investors are closely watching the outcome of U.S.-Iran nuclear talks which resumed this week. A deal could lift U.S. sanctions on Iranian oil and ease global supply tightness
 "Oil prices drop on potential for US-Iran talks to add crude supplies")
India's fuel demand reined in by Covid-19 restrictions in January
Fuel consumption in the world's third biggest oil consumer, a proxy for oil demand, totalled 17.61 million tonnes, down 3.7% from December
 "India's fuel demand reined in by Covid-19 restrictions in January")
Oil prices stable at $90/Bbl, Iran supply prospects add pressure
Brent crude futures edged down 36 cents, or 0.4%, to $90.42 a barrel by 1150 GMT
 "Oil prices stable at $90/Bbl, Iran supply prospects add pressure")
Oil prices climb after API data shows surprise drop in US stocks
Brent crude futures rose 41 cents, or 0.5%, to $91.19 a barrel by 0422 GMT, while U.S. West Texas Intermediate crude was at $89.74 a barrel, up 38 cents, or 0.4%
 "Oil prices climb after API data shows surprise drop in US stocks")
Oil prices nudge up after API data shows surprise drop in US stocks
Brent crude futures rose 23 cents, or 0.3%, to $91.01 a barrel by 0122 GMT, while U.S. West Texas Intermediate crude was at $89.47 a barrel, up 11 cents, or 0.1%.
Can investors benefit from Brent crude rally?
Brent crude prices have been on a rally since January, rising about 20% so far. This has pulled back equities from their recent highs as oil price rise. Find out if investors can benefit from this
 "Can investors benefit from Brent crude rally?")
Reliance Industries seeks minimum $14 for gas from CBM block
Brent crude oil is currently trading above US 92.5 per barrel and at this price, the floor rate for Reliance gas comes to USD 13 per mmBtu
 "Reliance Industries seeks minimum $14 for gas from CBM block")
Oil and gas will keep meeting India's 'baseload' energy demand: Oil min
India has set a goal to achieve net zero carbon emissions by 2070
US oil prices bust through $90/bbl for first time since 2014
Analysts attributed the rally to growing concerns that extended cold weather could hit production in Texas, exacerbating the tightness in world crude markets
