India’s government-owned energy company Oil & Natural Gas Corporation (ONGC) has placed two orders deemed “large” with compatriot company Larsen & Toubro related to subsea work.
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Brent crude futures rose 53 cents, or 0.6%, to $85.53 a barrel by 0729 GMT, while U.S. West Texas Intermediate crude futures were at $82.05 a barrel, up 51 cents, or 0.6%.
India's Petroleum and Natural Gas Regulatory Board (PNGRB) released a draft proposal for improving regulatory control over the country's liquefied natural gas (LNG) terminals, as per S&P Global Commodity Insights (GPI), ANI reported.
Egypt is looking to raise its target for the renewable share of energy generation to 58% by 2040 in an updated strategy for expanding green power, Electricity Minister Mohamed Shaker said on Saturday.
Canada’s GDP grew by 0.3 per cent in April, according to Statistics Canada. The agency said 15 out of 20 sectors it monitored all grew, but wholesale trade, mining, quarrying and oil and gas contributed the most.
A price revision has been made for commercial LPG by oil marketing companies, while also keeping domestic cooking gas rates unchanged, according to a source. The monthly revisions for both commercial and domestic LPG gas cylinders occur on the first day of every month, with new rates being implemented from 1st June.
The weekly price of the OPEC basket of twelve crudes rose by 13 cents during the week ending on June 27.
Brent crude futures for August settlement, on Friday, rose 48 cents, or 0.56% to $86.87 a barrel. U.S. West Texas Intermediate crude futures for August delivery rose 52 cents, or 0.64%, to $82.26 a barrel.
Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in Middle East benchmark Dubai, trade sources said on Friday.
Indian Oil Corporation Ltd is quoting at Rs 163.22, down 0.64% on the day as on 13:19 IST on the NSE. The stock jumped 80.06% in last one year as compared to a 26.38% rally in NIFTY and a 67.22% spurt in the Nifty Energy index.
ONGC (Oil and Natural Gas Corporation) and IOC (Indian Oil Corporation) have partnered to establish a LNG plant in Madhya Pradesh, aiming to enhance regional energy infrastructure and meet the growing demand for clean energy.
U.S. West Coast refiners are replacing their heavy Iraqi oil imports with cheaper crude from Canada as the newly expanded Trans Mountain pipelinereshuffles trade flows across the Pacific.
Indian imports of Russian coal have declined while U.S. shipments have risen in the three months ending in May, data from coal consultancy Bigmint showed, which traders attributed to Russian supplies becoming less competitive.
Shares of Indian Oil Corporation Ltd. traded 0.17 per cent up in Monday's trade at 12:22PM (IST). Around 933,990 shares changed hands on the counter.
Brent crude futures slipped 3 cents to $85.21 a barrel by 0632 GMT, after settling down 0.6% on Friday. U.S. West Texas Intermediate crude futures were at $80.71 a barrel, down 2 cents.
In a joint meeting, the Energy Ministers of Iran and Belarus emphasized the readiness of the two countries regarding cooperation in the field of gas turbine production.
The members of the Shanghai Cooperation Organization (SCO) have stressed the need to enhance cooperation in the areas of production, transmission, and consumption of energy.
India's oil imports from Russia rose to a record of about 2.1 million barrels per day (bpd) in May as discounts for Russian oil widened on lower demand from China, according to trade sources and shipping data.
In a diplomatic exchange, President Ranil Wickremesinghe and Indian External Affairs Minister Dr. S. Jaishankar led bilateral discussions at the President’s House. The joint energy projects between India and Sri Lanka took centre stage during these discussions.
Brent futures for August settlement were down 13 cents to $85.58 a barrel by 0927 GMT, while U.S. West Texas Intermediate crude futures for August delivery were down 10 cents to $81.19.