OPEC+ nations are poised to greenlight another significant oil output increase for September, finalizing the rollback of voluntary cuts by eight members. Sources indicate a likely boost of around 550,000
Continue readingOPEC set to complete unwinding of voluntary oil output cut in Sept, sources say
Amidst trade tensions, Ambani’s Reliance Industries is poised to import US ethane, potentially reshaping India’s fuel economics. This move could alleviate the US trade deficit concerns and provide Ambani with
Continue readingMukesh Ambani, Asia’s richest tycoon, is making America great again
The Centre is preparing to introduce significant amendments to nuclear power laws, potentially allowing private sector involvement in key areas like atomic mineral exploration, mining, and fuel fabrication. These changes
OPEC+ is set to accelerate oil production increases in August, exceeding previous plans with a 548,000 barrel-per-day boost. This shift prioritizes market share over price control, surprising traders and raising
OPEC+ is expected to further increase oil output in August, potentially by 550,000 barrels per day, following recent price volatility. This decision, driven by a desire to regain market share
Continue readingOPEC+ set to further speed up output hikes, sources say
India is set to introduce electricity futures contracts, a move approved by SEBI for both NSE and MCX. This initiative aims to help distribution companies and industries manage price volatility
Continue readingElectricity futures to help discoms, producers: Experts
The PNGRB has amended natural gas pipeline tariff regulations, introducing a uniform tariff for all city gas distribution companies, irrespective of their distance from the gas source. This move aims
Shell has fully acquired Raj Petro Specialities, a Mumbai-based company. This move aims to boost Shell’s market presence and product range. The acquisition strengthens Shell’s position in India’s lubricants market.
Oil and Natural Gas Corporation (ONGC) collaborates with Japan’s Mitsui OSK Lines. They will construct two very large ethane carriers. These carriers will import petrochemical feedstock for ONGC’s subsidiary. This
Continue readingONGC signs pact with Japan's Mitsui for ethane carriers
GSPC of India is entering market for a liquefied natural gas (LNG) cargo. According to industry sources, the state-owned firm has issued a tender seeking delivery of the cargo between
Continue readingIndia's GSPC seeks LNG cargo for August delivery: Sources