Page 7 - Oil And Gas

Afghanistan wants oil, gas from Russia, hopes to send dry fruits to Moscow

The Afghan charge d'affaires said Taliban govt is relying on Russia to restore the infrastructure, build buildings, roads and other necessary facilities because it had helped Afghanistan in past too

Saudi Aramco becomes world's most valuable stock as Apple shares drop

Aramco traded near its highest level on record on Wednesday, with a market capitalisation of about $2.43 trillion

Oil eases after surging previously on Russia's sanctions on EU companies

On Wednesday Russia sanctioned 31 companies based in countries that imposed sanctions on Moscow after Russia invaded Ukraine in February

India turns to expensive foreign gas to ease its power supply crunch

While natural gas makes up just a small portion of India's power mix, a scarcity of coal and hot weather has triggered scheduled blackouts, threatening to upend the economy

Oil prices extend gains after news of EU's Russian oil ban proposal

A handful of eastern EU countries are concerned that the halt would not allow them enough time to adapt.

Oil bounces higher ahead of Fed moves, EU sanctions on Russian oil

The gains came on the back of news from Tuesday that the European Union would slap new sanctions on Russia for waging war on Ukraine

Russian gas supplies to China soar by 60% in 2022 amid Ukraine war

Russian energy giant Gazprom announced the significant rise in exports on Sunday, even as energy exports to Europe remain uncertain in light of the ongoing hostilities

Oil prices gain 1% after US crude stocks signal tighter supply

The gains come on the back of news from Tuesday that the European Union is working on new sanctions against Russia for waging war on Ukraine that will target Moscow's oil industry.

COP26 prez draws flak for supporting investment by oil and gas companies

Days after the developed world sought to belittle India for continued oil imports from Russia, COP26 president Alok Sharma's endorsement of a letter by UK's Secretary, Business, Energy & Industrial Strategy on Sunday came under severe criticism from all quarters for encouraging fossil fuel going against his role of head of the climate negotiations conference.

Indian Oil launches methanol-blended petrol on pilot basis in Assam

Union Minister of State for Petroleum and Natural Gas Rameswar Teli launched the M15 petrol in the presence of Niti Aayog member VK Saraswat and IOC chairman SM Vaidya on Saturday.

Enquiries from Russia put exporters in a spot

The immediate challenge of the Indian exporters is to find shipping lines that will take their cargo to Russia.

A core problem in domestic oil: Widening gap between targets and output

A persistent gap between output and targets has played its part in subdued core-sector growth

PM Modi calls out Opposition-ruled states, says some didn't cut fuel tax

PM: States did 'injustice' to people by not passing on benefit of Centre's excise duty cut

Looking to deepen pain for Putin, West studying oil and gas sector

Cutting off Russian profits from oil and natural gas sales has become a main topic among world leaders looking at what else they can do to force Putin to end his invasion

EV adoption likely to stem foreign exchange outgo on oil imports

The imported cost for manufacturing an electric car is very high compared to a ICE-powered model.

Why India slips up on oil

Veteran energy sector journalist Richa Mishra sets out to answer why India has fallen short in extracting oil or gas from its shores

Years of turmoil

Gas prices will remain elevated for some time

Oil & gas assets: Centre eyes innovative ways for asset monetisation

The centre is exploring innovative ways to monetise assets in oil and gas as well as other sectors in the ongoing fiscal year

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

President Biden increases oil royalty rate, scales back lease sales

The royalty rate for new leases will increase to 18.75% from 12.5%. That's a 50% jump and marks the first increase to royalties for the federal government since the early 1900s.