A Bloomberg analysis shows that Russia has outcompeted Saudi Arabia to emerge as the second largest oil exporter to India in June. This happened as Russia sold its oil at a discounted rate. Iraq played […]
2022 is on course to be an exceptional year for oil and gas. Exceptional, for the flurry of geopolitical events shaping the market. Exceptional, for the spectacular turn of events from 2020 – one of […]
With this, the utility firm’s non-carbon power supply to Mumbai consumers will rise to 38 per cent this financial year and it will meet its renewable purchase obligations, said an official. The power firm has […]
According to stock exchange filings by the three fuel retailers, the losses were due to erosion in the marketing margin on petrol, diesel and domestic LPG.NEW DELHI: State-ownedIndian Oil Corporation(IOC),Hindustan Petroleum Corporation Ltd(HPCL) andBharat Petroleum […]
The 31st OPEC and non-OPEC ministerial meeting, which was held via videoconference on Wednesday, offered several warnings, including the identification of a “severely limited availability of excess capacity”. In the meeting, the group noted that […]
Saudi Arabia and the United Arab Emirates have been working to increase their domestic gas production. Middle East oil and gas producers see an opportunity for long-term LNG supply contracts in Europe. Oman plans expansion […]
American independent energy company Hess Corporation has seen some promising results from the drilling operations concluded in the second quarter of 2022 at the Huron well. The well is located at Green Canyon Block 69 […]
Stronger gasoil export margin, and slower than expected domestic demand recovery is likely support China to increase outflow of the barrel to over 1 million mt (240,000 b/d) in August, which can be a one-year […]
Russia banned companies from what it considers “unfriendly” countries from selling stakes in key energy projects and oil and gas production sharing agreements by the end of the year under a new decree signed by Vladimir Putin […]
In the first half of 2022, 20 petroleum exploration and production players tracked by Rystad Energy agreed to over 80 gigawatts (GW) worth of mergers, acquisitions, and joint venture deals – almost as much capacity […]
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