India is willing to purchase cheap oil from Russian companies, as confirmed by Oil Minister Hardeep Singh Puri, and is open to purchasing from any source at competitive prices.
INTERNATIONAL Feed Atom
Global crude oil prices today, September 18, 2024
Brent crude futures for November were down 54 cents, or 0.7%, at $73.16 a barrel at 0810 GMT. U.S. crude futures for October slid 46 cents, or 0.7%, to $70.73.
Union Minister of Petroleum and Natural Gas Hardeep Singh Puri and US Assistant Secretary of State for Energy Resources Geoffery Pyatt discussed strengthening bilateral energy cooperation for a "just and orderly energy transition."
Financial institutions have pledged a total of $386 billion in investment commitments to help India boost its renewable energy industry, Renewables Energy Minister Pralhad Joshi said on Monday.
Global Crude Oil Price Today September 16, 2024
Brent crude futures for November were up 38 cents, or 0.5%, at $71.99 a barrel at 0700 GMT. U.S. crude futures for October were up 49 cents, or 0.7%, at $69.14 a barrel.
Canada and Mexico are drawing tens of billions of dollars of investment to kick-start their liquefied natural gas export industries as a permitting freeze slows the expansion of the sector in the US, the world’s biggest supplier.
State-owned Oil India Ltd (OIL) is in discussion with French energy company TotalEnergies for exploration of hydrocarbon blocks off India’s coast, either as a technical partner or a “participating interest” (equity) partner, a senior company executive told FE.
Oil India reports no payment issues for diesel exports to Bangladesh and smooth equipment transit for refinery expansion. Plans include increasing Numaligarh refining capacity by December 2025.
64 years ago, in this day the representatives of Iran, Iraq, Kuwait, Saudi Arabia and Venezuela came together in Baghdad to found an organization to defend their rights on making just revenue from oil exports and creating stability in the oil market. OPEC has issued a statement on the occasion, having honored 64 years of its achievements to this end which follows below:
India's crude oil imports remained steady at 4.6 million barrels per day in July, while product imports increased by 19%, primarily due to higher LPG volumes.
The Iraqi Minister of Oil, Hayan Abdul-Ghani, stated that gas flaring in Iraq will completely stop by the end of 2028.
India wants oil producers group OPEC and its allies to raise oil output as there are countries such as India where fuel demand is rising, the nation's oil secretary Pankaj Jain said on Thursday.
The global price of crude oil today, September 11, 2024
Brent crude futures were up $1.10, or 1.6%, to $70.29 a barrel at 0807 GMT, while U.S. crude futures gained $1.11, or 1.7%, to $66.86.
Indian Oil Corporation (IOCL) has signed a 15-year agreement with Abu Dhabi National Oil Company to supply 1 million tonnes of liquefied natural gas annually, marking the first visit of Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan.
India plans to have a third of its heavy duty long-haul trucking fleet fuelled by liquefied natural gas (LNG) instead of diesel in five to seven years to cut pollution, according to a draft policy from the federal oil ministry.
State-owned enterprise Oil India Limited (OIL), a Maharatna CPSE, has declared its support for sustainable energy practices by signing up for the Oil and Gas Decarbonisation Charter (OGDC).
Pakistan has found large deposits of natural gas and oil in its territorial waters after a three year survey, reported Times of India.
India's fuel consumption in August fell by more than 2% year-on-year to 18.35 million metric tons, oil ministry data showed on Friday, with diesel demand hit due to above-normal monsoon rains.
India's envoy to Moscow, Vinay Kumar, announced that Russia remains India's largest partner in the energy sector, with plans to expand cooperation in the coming years.
India's government is assessing the cost-effectiveness and reliability of transporting green hydrogen through dedicated pipelines from renewable energy zones to ports, as part of a strategy to reduce dependence on traditional transmission lines.