Page 15 - Oil And Gas

India's fuel demand increased 5.2% YoY in September

Sales of gasoline, or petrol, were 6% higher from a year earlier at 2.60 million tonnes

Oil prices increase for fourth day amid energy crunch

Brent crude was up 21 cents or 0.3% at $83.86 a barrel at 0632 GMT

Indian Oil defers maintenance shutdown of units at Haldia: Report

Haldia refinery has two crude and vacuum distillation units.

Crude jumps on global energy crunch; US oil at 7-year high

Prices have risen as more vaccinated populations are brought out of coronavirus lockdowns, supporting a revival of economic activity

Saudi Aramco hits $2-trn valuation on back of higher oil prices

Saudi Arabia's oil company Aramco reached a $2 trillion valuation as it hit near record levels Wednesday during trading hours. Its market cap value puts Aramco just behind Microsoft and Apple as the world's most valuable company. It comes as crude oil prices climb to over $82 a barrel, the highest in seven years. Demand for energy is picking up, despite the ongoing coronavirus pandemic's continued toll on travel and other key gas-guzzling sectors. Aramco is mostly owned by the government of Saudi Arabia, with just under 2% of the company publicly listed on the Saudi Tadawul stock exchange. Aramco was trading at around 37.6 riyals a share, or a few cents over $10 a share, by midday Wednesday before dipping to 37.2 riyals a share, or around $9.92 a share. It remains to be seen whether it can hold this rally until trading closes. Saudi Crown Prince Mohammed bin Salman was the architect behind the effort to publicly list a sliver of Aramco in late 2019, touting it as a way to raise ..

Oil hits multi-year high on OPEC+ restraint amid global energy crunch

Brent crude rose as high as $83.47

Oil holds near 3-year highs after OPEC+ keep tight control of taps

Oil prices have already surged more than 50% this year

Reliance floats subsidiary in United Arab Emirates for trading in oil

The plans follow an announcement in June that the Indian conglomerate will invest in projects of Abu Dhabi National Oil Co

Asian LNG prices surge to record high this week as winter starts

The average LNG price for November delivery into Northeast Asia was estimated at about $32 per metric million British thermal units (mmBtu)

India's energy demand grows at slower pace in September

Electricity consumption rose 0.8% in September, compared with 17.1% growth in August

Oil prices dip below $74 with global power crunch in focus

Futures in New York pared earlier gains as the dollar erased losses

Opec says India will be hooked on oil for years to come

Opec meets almost 71% of India's crude oil requirements

ONGC, RIL among likely winners in Asian markets from China's energy crunch

More than half of China's mainland provinces are limiting electricity use, forcing factory shutdowns that are reverberating through global supply chains.

OPEC forecasts crude oil demand rebound before post-2035 plateau

Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook

Britain puts military on standby as panic buying leaves pumps dry

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Bharat Petroleum to invest Rs 1 trillion to become future-ready

India's second-largest fuel retailer is looking to create a 1,000 MW portfolio of renewable power generation capacity

Energy shares lead charge as crude oil prices soar to 3-year highs

Oil shares lead charge as crude hits new 3-year highs

As OPEC reopens the taps, African giants losing race to pump more

The oil not pumped is worth hundreds of millions of dollars.

Global oil and gas investment will be 30% below pre-Covid level: ONGC

Says country's energy mix leans heavily on fossil fuels, which meet 90% of domestic demand; India's energy needs to at least double by 2050 with strong growth expected in natural gas

India state refiners to buy more light crude to boost gasoline output

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.