Page 12 - Oil And Gas

OPEC forecasts crude oil demand rebound before post-2035 plateau

Oil use will rise by 1.7 million barrels per day in 2023 to 101.6 million bpd, OPEC said its 2021 World Oil Outlook

Britain puts military on standby as panic buying leaves pumps dry

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Bharat Petroleum to invest Rs 1 trillion to become future-ready

India's second-largest fuel retailer is looking to create a 1,000 MW portfolio of renewable power generation capacity

Energy shares lead charge as crude oil prices soar to 3-year highs

Oil shares lead charge as crude hits new 3-year highs

As OPEC reopens the taps, African giants losing race to pump more

The oil not pumped is worth hundreds of millions of dollars.

Global oil and gas investment will be 30% below pre-Covid level: ONGC

Says country's energy mix leans heavily on fossil fuels, which meet 90% of domestic demand; India's energy needs to at least double by 2050 with strong growth expected in natural gas

India state refiners to buy more light crude to boost gasoline output

The move dovetails with an earlier push to reduce India's reliance on Middle Eastcrudes to enhance energy security.

India's crude oil production falls 2.3% in August, gas output rises

India's crude oil production fell 2.3 per cent in August but natural gas output rose by more than a fifth on the back of output from KG-D6 fields of Reliance-BP

OPEC sees stronger demand for its crude oil this year and next

The latest data from the group indicate that the world will continue to face an oil supply deficit in the coming months even as its members revive idle production.

Here's why US crude oil supplies took such a big hit from Hurricane Ida

The damage to offshore platforms, pipelines and even helipads was so severe that two out of every three barrels of crude normally pumped from the U.S. sector of the Gulf of Mexico are unavailable.

OMCs continue to hold fuel price revision for sixth straight day

In the national capital, petrol was sold for Rs 101.19 per litre on Saturday.

Fossil fuels can still see a price boom in the decarbonisation era

The current price spike has multiple sources

UAE oil producer Adnoc to list drilling unit in Abu Dhabi IPO

The proposed listing comes as Abu Dhabi tries to revive IPOs on its bourse

ONGC evaluating stake buy in Russia's Vostok Oil project: OVL MD

Vostok is one of Russia's biggest oil projects

Domestic LPG price hiked again by Rs 25 a cylinder

This is the third consecutive hike in domestic cooking gas prices

Oil prices jump as storm approaches Gulf of Mexico production hub

For the week, Brent is on track for a rise of 11%, its biggest weekly jump since June 2020. WTI is headed for a weekly gain of more than 10%, also the strongest since June 2020.

IOC to invest Rs 1 trillion to expand refining capacity: Chairman

To raise its refining capacity by almost a third in the next 4-5 years

Adani Total Gas buys 50% stake in gas meter manufacturing firm

Adani Total Gas retails CNG to automobiles and piped natural gas to household kitchens and industries.

Saudi Aramco aims to raise at least $17 billion from gas pipeline: Report

The deal size may include $3.5 billion of equity and the remainder will be funded by bank debt, one source said, while another source said the transact .

India and Russia discuss expanding cooperation in energy sector

India and Russia on Friday discussed expanding cooperation in the energy sector as New Delhi looks at newer sources of oil and natural gas to diversify its import basket. Oil Minister Hardeep Singh Puri held a video interaction with Russian Energy Minister Nikolay Shulginov on furthering energy cooperation between the two nations, the Indian minister tweeted. India's cumulative investment in oil and gas projects in Russia exceeds USD 15 billion. It is the single largest destination of Indian overseas investment in the oil and gas sector. Russian oil giant Rosneft and its partner in 2017 bought Essar Oil, renamed Nayara Energy, for USD 12.9 billion. "Had an engaging video interaction with HE Mr Nikolay Shulginov, Minister of Energy of the Russian Federation @MinenergoGov. Discussed ways to further expand bilateral energy cooperation, a key pillar of bilateral Special & Privileged Strategic partnership," Puri tweeted. Russia, he said, is the largest investor in India's energy sector