Page 13 - Oil
Oil regulator ropes in ICF to carry out gas demand, infra assessment
India is targeting 15 per cent share of natural gas in the energy basket by 2030
 "Oil regulator ropes in ICF to carry out gas demand, infra assessment")
Oil prices up 4% over likely extension of production curbs by OPEC
Some in the market remained skeptical of whether OPEC+ will deepen cuts, though many analysts expect an extension of the existing supply pact
 "Oil prices up 4% over likely extension of production curbs by OPEC")
Oil slumps 2.5% on oversupply fears, US-China trade talk concerns
OPEC and its allies will consider whether to deepen cuts to crude supply when they next meet in December
Oil prices fall almost 2% on uncertainty over US-China trade talks
Brent crude futures settled at $62.44 a barrel, down 86 cents, or 1.4 per cent
 "Oil prices fall almost 2% on uncertainty over US-China trade talks")
Opec expects oil demand to fall in 2020, may maintain supply curbs
OPEC and its partners have been limiting supply since 2017
 "Opec expects oil demand to fall in 2020, may maintain supply curbs")
Electric vehicles' rise may lead to slow global oil demand from 2025: IEA
The IEA expects there will be 330 million electric cars on the road by 2040
 "Electric vehicles' rise may lead to slow global oil demand from 2025: IEA")
India eyes more levies on refined palm oil imports to push local processing
Such a move by India could reduce refined palm shipments from top producers Indonesia and Malaysia
 "India eyes more levies on refined palm oil imports to push local processing")
How move to allow new players in fuel marketing can be made more effective
The govt has taken a major step towards liberalising its policy on petroleum retail; now, refinery pricing needs to be made more transparent
 "How move to allow new players in fuel marketing can be made more effective")
Andhra villagers wary of flames from oil rig, want closure of ONGC plant
Fearful of the flames that have been rising from the oil rig, anxious villagers say they are afraid that it might catch fire and pose a threat to their lives
 "Andhra villagers wary of flames from oil rig, want closure of ONGC plant")
French oil group Total signs marine fuel deal with China's Zhejiang Energy
Total China Investment (TCI) will hold a 49 per cent share in the new joint venture company
 "French oil group Total signs marine fuel deal with China's Zhejiang Energy")
Deter Iran, or oil prices can spike unimaginably: Saudi crown prince
The right of Saudi Arabia and the UAE to defend their interests after the attacks on oil pumping stations in the kingdom and tankers off the UAE were supported in a Gulf Arab statement
 "Deter Iran, or oil prices can spike unimaginably: Saudi crown prince")
Oil may touch $100/barrel if Saudi fails to resume oil supply: Analysts
Industry sources have said it may take weeks to bring production fully online
 "Oil may touch $100/barrel if Saudi fails to resume oil supply: Analysts")
Which country can boost crude supply to offset the attack on Saudi Arabia?
The attacks cut Saudi production by 5.7 million barrels a day and officials at state oil company Saudi Aramco have become less optimistic on the pace of output recovery
 "Which country can boost crude supply to offset the attack on Saudi Arabia?")
Iran was behind Saudi oil attack. Will there be more? Will Trump negotiate?
Yes, Iran Was Behind the Saudi Oil Attack. Now What?
India to discuss an alternative maritime route for oil from Russia
With the tension between Iran and the US impacting movement of oil cargo, India is looking at an alternative maritime route via Vladivostok port in Russia's far eastern region, through the South China sea and Malacca. The issue will be discussed during Prime Minister Narendra Modi's visit to Russia starting September 4. Modi will be attending the Eastern Economic Forum in Vladivostok from September 4 to 6.This comes amid high tension between Iran and European countries in the Strait of Homuz last month. Iran even deployed two warships in the region. The new route is likely to make investment by companies like ONGC Videsh (OVL) viable in Russia. It will also reduce the time in bringing liquefied natural gas (LNG) and crude oil to India. "It makes sense to diversify ourselves (India), not just in terms of finding alternate sea trade routes but also ports. A dual sea trade route will surely help India in the long run," said Hitesh Avchat, senior manager, CARE Ratings.The proposed route .
 "India to discuss an alternative maritime route for oil from Russia")
Saudi Aramco defends hold on coveted Indian oil market with Reliance tie-up
Aramco's plan to buy 20% of the oil-to-chemicals business of Reliance comes with an assurance to buy half a million barrels a day of the kingdom's crude on a long-term basis
 "Saudi Aramco defends hold on coveted Indian oil market with Reliance tie-up")
Oil falls 3% to below $58 a barrel as recession worries weigh on prices
Global benchmark Brent crude fell as much as $1.81, or 3%, to $57.67 a barrel and by 1117 GMT was down $1.57 at $57.91. U.S. crude fell $1.03 to $54.20
 "Oil falls 3% to below $58 a barrel as recession worries weigh on prices")
Oil demand growing at slowest pace since 2008 financial crisis: IEA
From January to May, oil demand increased by 520,000 bpd, marking the lowest rise for that period since 2008
Global natural gas prices drop, but policy blocking India from making gain
One of the first things the new government should do now is revisit the five-year-old formula determining the price of domestic natural gas
 "Global natural gas prices drop, but policy blocking India from making gain")
US-Iran tensions, Opec's indication of continuing cuts lead to oil surge
Opec+, an alliance of Opec and some non-member nations, had in January announced to cut output for six months to prevent a decline in prices