INTERNATIONAL Feed Atom

Canada’s long-delayed Trans Mountain pipeline plans line fill for March or May

3 years ago

4 January 2024

12:41 PM

Trans Mountain Corp plans to begin line fill in March or May on its long-delayed Canadian oil pipeline expansion, depending on the diameter of pipe it uses and assuming no new problems, the Canadian government-owned company said in a filing on Wednesday.

Oil extends gains on Middle East supply worries

3 years ago

4 January 2024

12:38 PM

Brent crude rose 70 cents, or 0.9%, to $78.95 a barrel by 1148 GMT while U.S. West Texas Intermediate crude futures rallied 74 cents, or 1%, to $73.44.

Canadian dealmaking seen rebounding in 2024, led by energy, mining

3 years ago

4 January 2024

12:34 PM

Canadian energy, power and mining companies are expected to lead a rebound in dealmaking this year helped by lower interest rates, following a slump in overall mergers and acquisitions in 2023 to the lowest since the outbreak of COVID-19, bankers said.

Saskatchewan Drops Canada Emissions Tax from Heating Bills

3 years ago

3 January 2024

11:49 AM

Canada’s Saskatchewan province has removed the national fuel emissions charge, or carbon tax, from state-provided electric and natural gas heating, in a relief for families during the winter.

India’s Russian oil imports drop on pricing, not due to payment woes

3 years ago

3 January 2024

11:40 AM

India's oil imports from Russia fell due to unattractive pricing and not because of payment problems, oil minister Hardeep Singh Puri said on Wednesday.

Oil prices edge lower with investors cautious ahead of U.S. data

3 years ago

3 January 2024

11:37 AM

Brent crude fell 39 cents to $75.50 a barrel by 1056 GMT, while U.S. West Texas Intermediate crude futures slipped 51 cents to $69.87 a barrel.

India hikes windfall tax on crude oil

3 years ago

2 January 2024

11:26 AM

India has hiked the windfall tax on crude oil while reducing the tax on diesel and aviation turbine fuel, according to a government notification.

Russian pipeline gas exports to Europe down 56% in 2023 – Reuters calculations

3 years ago

2 January 2024

11:23 AM

Natural gas supplies to Europe by Russian energy giant Gazprom were down 55.6% to 28.3 billion cubic metres (bcm) in 2023, Reuters calculations showed on Tuesday.

Oil prices jump after U.S. forces repel Houthis in Red Sea

3 years ago

2 January 2024

11:20 AM

Brent crude rose $1.28, or 1.7%, to $78.32 a barrel by 0438 GMT while U.S. West Texas Intermediate crude was at $72.69 a barrel, up $1.04, or 1.5%.

India Slashes Domestic Natural Gas Prices, Introduces Monthly Adjustments; Find Details

3 years ago

1 January 2024

12:02 PM

India has reduced domestic natural gas price to $7.82 per mmBtu, the lowest level since July 2023, effective from January 1 to January 31, 2024.

Reuters says OPEC facing declining demand and shrinking market share in early 2024

3 years ago

1 January 2024

11:08 AM

OPEC is facing weakening demand for its crude in the first half of 2024 just as its global market share declines to the lowest since the COVID-19 pandemic on the back of output cuts and member Angola's exit, according to Reuters calculations and data from forecasters.

India’s Russian crude imports prevented price surge in global oil market

3 years ago

31 December 2023

11:46 AM

In the face of international scrutiny, India has staunchly defended its substantial purchases of Russian crude oil since the onset of the Ukraine war.

Ecuador, Indigenous group reach deal to end oil field blockade

3 years ago

31 December 2023

11:33 AM

Ecuador has reached an agreement with an Indigenous community in the country's Orellana province to end the group's blockade of oil projects in the area, the ministry of energy and mining said on Saturday.

India’s Fuel Exports Surged in November

3 years ago

30 December 2023

11:35 AM

India's fuel exports rose in November from a month earlier as refineries ramped up crude processing while diesel demand for trucking was lower during the Diwali festival season.

Oil prices shed 10% in 2023 as supply, demand concerns weigh

3 years ago

30 December 2023

11:29 AM

Brent crude on Friday, the last trading day of the year, settled at $77.04 a barrel, down 11 cents or 0.14%. U.S. West Texas Intermediate crude settled at $71.65 a barrel, down 12 cents or 0.17%.

UAE backs India’s pioneering Rupee settlement for oil

3 years ago

29 December 2023

11:59 AM

India initiates rupee payments for UAE oil, aiming to globalise its currency and diversify economic strategies in international trade.

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada’s CDPQ

3 years ago

29 December 2023

11:56 AM

Engie Brasil said on Thursday it had reached a deal to sell a 15% stake in natural gas pipeline firm TAG to Canadian investment fund Caisse de Depot et Placement du Quebec (CDPQ) for 3.1 billion reais ($641 million).

Oil prices set to end year 10% lower as demand concerns snap winning streak

3 years ago

29 December 2023

11:52 AM

Brent crude futures were up 58 cents, or 0.8%, at $77.73 a barrel at 1113 GMT, the last trading day of 2023, while U.S. West Texas Intermediate (WTI) crude futures were up 42 cents, or 0.6%, at $72.19.

India’s gas consumption soars to over 43K MMSCM, outpacing domestic output: PPAC

3 years ago

28 December 2023

2:57 PM

India's natural gas consumption surpassed domestic production from April to November 2023, indicating a growing energy shift and outpacing domestic production.

Oil producers Canadian Natural, MEG urge regulator to back Trans Mountain request

3 years ago

28 December 2023

2:51 PM

Canadian oil producers Canadian Natural Resources and MEG Energy are urging the country's energy regulator to approve Trans Mountain Corp's latest request for a change to building its pipeline expansion, saying timely completion is critical.

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Latest News of Oil, Gas and Petrochemical industry

INTERNATIONAL Feed Atom

Canada’s long-delayed Trans Mountain pipeline plans line fill for March or May

Oil extends gains on Middle East supply worries

Canadian dealmaking seen rebounding in 2024, led by energy, mining

Saskatchewan Drops Canada Emissions Tax from Heating Bills

India’s Russian oil imports drop on pricing, not due to payment woes

Oil prices edge lower with investors cautious ahead of U.S. data

India hikes windfall tax on crude oil

Russian pipeline gas exports to Europe down 56% in 2023 – Reuters calculations

Oil prices jump after U.S. forces repel Houthis in Red Sea

India Slashes Domestic Natural Gas Prices, Introduces Monthly Adjustments; Find Details

Reuters says OPEC facing declining demand and shrinking market share in early 2024

India’s Russian crude imports prevented price surge in global oil market

Ecuador, Indigenous group reach deal to end oil field blockade

India’s Fuel Exports Surged in November

Oil prices shed 10% in 2023 as supply, demand concerns weigh

UAE backs India’s pioneering Rupee settlement for oil

Engie Brasil sells 15% stake in gas pipeline firm TAG to Canada’s CDPQ

Oil prices set to end year 10% lower as demand concerns snap winning streak

India’s gas consumption soars to over 43K MMSCM, outpacing domestic output: PPAC

Oil producers Canadian Natural, MEG urge regulator to back Trans Mountain request