Page 13 - Oil And Gas

$300-400 million investment expected in latest oil, gas bid round

India is 85 per cent dependent on imports to meet its oil needs

Oil prices drop towards $70 as Covid pandemic concerns weigh

Brent crude oil futures dropped by 38 cents

Petrol, diesel prices unchanged; here are the prices in your city today

In New Delhi, petrol is selling at Rs 101.84 per litre. In Mumbai, the price stands at Rs 107.83

Exxon posts highest profit in more than a year as demand recovers

Rebounding demand for oil, gas and chemicals helped

IOC Q1 net jumps over three-fold to Rs 5,941 cr on refining margin boost

India's largest oil refiner earned $6.58 on turning every barrel of crude oil into fuel in the quarter as opposed to GRM of a minimum $1.98 a barrel a year back

Year after Baghjan blowout, oil and gas operations in India much safer

The safety measures have been recommended by a three-member committee of the ministry of petroleum and natural gas

Big Oil shows confidence that the era of large profits is back

BP Plc and Equinor ASA have already made incremental dividend increases and announced more modest buyback plans

India in talks with Russia for $2-3 bn investment in upstream oil assets

Tie-ups in Arctic projects also being evaluated

Oil surges 4% amid better risk appetite despite weak demand outlook

Brent crude futures had gained $2.53, or 3.65 per cent, to $71.88 a barrel by 18.41 pm IST

Oil holds near eight-week low after selloff on delta variant concern

Signs of delta's continued impact on energy abound.

Oil prices resume drop as Covid pandemic and supply concerns weigh

The Delta coronavirus variant is now the dominant strain worldwide, U.S. officials said on Friday.

Results preview: Retail hit to offset RIL's crude price gains, say analysts

RIL's board is scheduled to consider and approve the unaudited financial results for Q1 on Friday.

ONGC's existential problem: India's exploration conglomerate running empty

India's dependence on imported oil and gas is rising steadily but the country's premier exploration conglomerate is running on empty

Saudi, United Arab Emirates reach compromise to unlock oil supply

Brent oil prices fell on the news by as much as $1 per barrel towards $75 per barrel after Reuters reported the two major Opec producers had agreed a deal.

Increasing dependence on natural gas comes with supply challenges for India

Dwindling gas reserves and higher demand can put further strain

'Centre earned Rs 4.9-trn revenue as fuel prices hiked 69 times this year'

Congress leader in Lok Sabha, Adhir Ranjan Chowdhury, made the claim

Petrol crosses Rs 100-mark in Uttar Pradesh, Chhattisgarh, Nagaland

Petrol price was hiked by 35 paise per litre and diesel by 26 paise, according to a price notification of state-owned fuel retailers.

Consumers may get respite from frequent fuel price hike this month

Oil marketing companies kept the retail price of petrol and diesel unchanged on Friday

Oil rises to $75 after tumble but OPEC+ uncertainty clouds outlook

A failure of OPEC+ talks on Monday means a planned output rise for August has yet to be agreed

Global stock markets fall after stalemate in OPEC talks, US holiday

Global shares were mostly lower Tuesday as oil prices surged after a meeting of oil producing nations was postponed, with little else guiding trading after the US Independence Day holiday. France's CAC 40 dropped 0.5% in early trading to 6,534.23, while Germany's DAX lost 0.6% to 15,561.04. Britain's FTSE 100 edged down 0.2% to 7,153.81. The future for the Dow industrials inching less than 0.1% lower to 34,663.00. The S&P 500 future lost 0.1% to 4,339.88. Talks among members of the OPEC cartel and allied oil producing countries have broken off in the midst of a standoff with the United Arab Emirates over production levels. No debt has been set for the next meeting. US benchmark crude rose $1.28 to $76.43 a barrel. Brent crude, the international standard, added 24 cents to $77.40 per barrel. With oil prices pushing toward $80 a barrel, that raises the risk of a price war if the conflict escalates, like in March last year, Harpreet Bhal of ActivTrades said in a commentary. Higher ..