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Home2022

Year: 2022

Gasoline Price
US Energy News

USA Gasoline Price Hits Another Record

May 18, 2022 Mariel Alumit

The average price of regular gasoline in the U.S. hit another record high on Wednesday, coming in at $4.56 per gallon, according to the AAA gas prices website. On May 10, the average price of the […]

Russian Oil
Geopolitical

U.S. Set To Suggest European Tariff On Russian Oil Instead Of Embargo

May 18, 2022 Mariel Alumit

The United States is considering proposing that European countries impose a tariff on Russian oil to allay concerns about the security of supply and surging oil prices, U.S. Treasury officials told Reuters on Tuesday. The proposal is […]

No Picture
International News

India to reexamine BPCL divestment after planned expansion: source

May 18, 2022

The government put the privatisation of BPCL on hold as it only got a single bid, the source, who did not want to be named, said. NEW DELHI:India‘s government will have another look at plans […]

No Picture
International News

Cabinet amends biofuels policy, advances ethanol blending target to 2025-26

May 18, 2022

The Cabinet, headed by Prime Minister Narendra Modi, at its meeting on Wednesday approved the amendments to the National Policy on Biofuels, an official statement said. New Delhi: The UnionCabineton Wednesday approved advancing the target […]

No Picture
International News

Mukesh Ambani and Gautam Adani, Asia’s two richest men, reap windfall from surging oil, coal

May 18, 2022

With coal prices skyrocketing to a record, Adani’s conglomerate is expanding a controversial mine in Australia to meet demand. Ambani’s Reliance Industries Ltd. is snapping up distressed crude-oil cargoes at discounts to feed its refining […]

EIA Product Highlight: Status of U.S. Nuclear Outages
EIA News

EIA Product Highlight: Status of U.S. Nuclear Outages

May 18, 2022

Every morning, each nuclear electricity generator in the United States reports its operating status to the Nuclear Regulatory Commission (NRC). The NRC compiles this information in its Power Reactor Status Report, and we present that […]

No Picture
International News

Tata Power seeks higher tariff for Mundra project

May 18, 2022

Tata Power has also sought INR450 crore advance for coal imports from states that will be supplied electricity from the plant. It also said the central government directive impacts the future negotiations of the project […]

No Picture
International News

Abu Dhabi’s IHC invests Rs 15,400 crore in Adani group firms

May 17, 2022

IHC has invested Rs 3,850 crore each in AGEL and ATL and Rs 7,700 crore in AEL, the Indian conglomerate said on Tuesday.New Delhi:Abu Dhabi‘sInternational Holding CompanyPJSC (IHC) has invested Rs 15,400 crore (USD 2 […]

No Picture
International News

Indian Oil posts highest revenue by any Indian co, record profit in FY22

May 17, 2022

Standalone net profit of Rs 6,021.88 crore, or Rs 6.56 a share, in January-March, compared with Rs 8,781.30 crore, or Rs 9.56 per share, in the same period a year back, the company said in […]

No Picture
International News

OPINION: India’s Green Hydrogen policy: A perspective

May 17, 2022

The real promise of green hydrogen lies in its ability to support the nation’s larger ambition of becoming “Aatmanirbhar” for its growing energy requirement and provide a ‘cheaper’ less volatile source of hydrogen. New Delhi: […]

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