Page 4 - Oil And Gas

Looking to deepen pain for Putin, West studying oil and gas sector

Cutting off Russian profits from oil and natural gas sales has become a main topic among world leaders looking at what else they can do to force Putin to end his invasion

EV adoption likely to stem foreign exchange outgo on oil imports

The imported cost for manufacturing an electric car is very high compared to a ICE-powered model.

Why India slips up on oil

Veteran energy sector journalist Richa Mishra sets out to answer why India has fallen short in extracting oil or gas from its shores

Years of turmoil

Gas prices will remain elevated for some time

Oil & gas assets: Centre eyes innovative ways for asset monetisation

The centre is exploring innovative ways to monetise assets in oil and gas as well as other sectors in the ongoing fiscal year

CNG, petrol price hike: Auto, taxi unions on strike demanding subsidy

Petrol now costs Rs 105.41 and diesel Rs 96.67 per litre in the national capital; the CNG price on Monday stood at Rs 71.61 per kg

President Biden increases oil royalty rate, scales back lease sales

The royalty rate for new leases will increase to 18.75% from 12.5%. That's a 50% jump and marks the first increase to royalties for the federal government since the early 1900s.

Oil rises as Shanghai eases some Covid curbs, OPEC warns of tight supply

Brent crude futures were up $2.98 or 3.03% to $101.46 a barrel, and U.S. West Texas Intermediate was up $3 or 3.18% to $97.29 a barrel at 0640 GMT. Both contracts had settled down around 4% on Monday.

What is fracking and what makes it controversial?

Soaring energy prices are spooking the markets and nudging countries into looking for more oil reserves. Fracking is one of the ways to extract gas and oil. What it is and why it is controversial?

TMS Ep148: Basmati rice, Bollywood earnings, Q4 earnings, fracking

Why is India's basmati rice export declining? Will movie box office earnings cross the pre-pandemic level this year? Could banks shine in Q4 earnings season? What is fracking? Find all answers here

Oil opens higher as OPEC warns of tight supply and Russian sanctions loom

Brent crude futures were up 85 cents, 0.9%, to $99.33 a barrel, and U.S. West Texas Intermediate contracts were up $1.04, or 1.1%, to $95.33 a barrel at 0019 GMT.

TMS Ep148: Basmati rice, Bollywood earnings, Q4 earnings, fracking

Why is India's basmati rice export declining? Will movie box office earnings cross the pre-pandemic level this year? Could banks shine in Q4 earnings season? What is fracking? Find all answers here

Oil slides on worries about lockdowns in China, release of reserves

Brent crude was down $2.32, or 2.3%, at $100.46 a barrel by 0427 GMT, while U.S. West Texas Intermediate crude lost $2.37, or 2.4%, to $95.89.

How the US plans to starve Russia's 'war machine': Treasury's Adeyemo

Ukrainian leaders called on Thursday for the democratic world to stop buying Russian oil and gas, and cut Russian banks entirely from the international financial system.

CNG price hiked by Rs 2.50 per kg for 2nd day; total increase at Rs 12.50

CNG prices in the national capital on Thursday were hiked for the second day in a row by Rs 2.50 per kilogram, taking the total increase since March to Rs 12.5 per kg. CNG in the National Capital Territory (NCT) of Delhi now costs Rs 69.11 per kg, up from Rs 66.61 per kg, according to the information posted on the website of Indraprastha Gas Ltd (IGL) - the firm which retails CNG and piped cooking gas in the national capital and adjoining cities. Rates had gone up by Rs 2.50 per kg on Wednesday as well. However, there was no change in the rates of Piped Cooking Gas (PNG). It continues to cost Rs 41.61 per standard cubic meter. CNG prices in Delhi have increased by Rs 12.48 per kg since March when city gas distributors started factoring in high international energy prices. On Thursday, Mahanagar Gas Limited (MGL) raised Compressed Natural Gas (CNG) price by Rs 7 per kg to Rs 67 per kg in Mumbai while Gujarat Gas hiked rates by Rs 6.50 per kg to Rs 76.98 per kg. Prices vary from ci

Oil and gas price hike supports upstream profitability of producers: Fitch

The more than doubling of natural gas prices and rise in oil prices will boost the profitability of oil and gas producers like ONGC and Reliance Industries Ltd, Fitch Ratings said on Tuesday

Crude oil prices extend rally on prospect of fresh Russia sanctions

Brent crude futures rose $1.87, or 1.7%, to $109.40 a barrel, while U.S. West Texas Intermediate futures were up $1.83, or 1.8%, at $105.11 a barrel at 0615 GMT.

Germany faces recession if oil & gas halted, say banks

Europe's largest economy is heavily dependent upon Russia for energy, and nations banks echoed concerns over possible energy disruption expressed by big names in industry in recent days

Oil inches up as supply concerns weigh despite reserve release, Yemen truce

The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.

Crude oil prices extend losses on reserves release, Yemen truce

The United Nations has brokered a two-month truce between a Saudi-led coalition and the Houthi group aligned with Iran for the first time in the seven-year conflict.