OPEC+ agrees another accelerated oil output hike for June
0OPEC+ has decided to increase oil production by 411,000 barrels per day in June, marking the second consecutive month of accelerated output hikes despite falling prices...
oil-&-gas
Rajkumar Dubey appointed as Indraprastha Gas' Chairman, effective May 1
0Rajkumar Dubey will become the chairman of Indraprastha Gas Limited. The appointment is effective from May 1, 2025. Dubey is an alumnus of NIT Allahabad. He...
Bharat Petroleum eyes $20-30/ton gain from swap of Middle East LPG with cheaper US supplies
0Bharat Petroleum Corp Ltd anticipates a $20-$30 per ton gain by swapping Middle Eastern LPG for cheaper U.S. supplies, capitalizing on price disparities caused by the...
Petrol sales rise 4.6 per cent, diesel 4 per cent
0Aviation turbine fuel (ATF) sales expanded 3.2% and LPG 6.7%. The sales trend in April significantly varied from March when petrol sales had grown 5.7% year-on-year,...
BPCL gives Sanjay Khanna additional charge of CMD
0Bharat Petroleum Corporation Ltd (BPCL) has appointed Sanjay Khanna, the current director of refineries, as the chairman and managing director. Khanna, a chemical engineer with extensive...
Commercial LPG rates slashed by Rs 14.50, price of jet fuel cut by 4.4 per cent
0Jet fuel prices in Delhi have been reduced by 4.4%, marking the second cut in a month, alongside a Rs 14.50 decrease in commercial LPG cylinder...
Indian Oil Corporation says not in talks for term crude import deal with Russia
0Indian Oil Corporation is currently not in discussion for a fixed quantity deal to import Russian oil. The decision is due to the volatility in the...
Indian Oil agrees to five-year LNG deal with Trafigura, sources say
0India’s biggest refiner, Indian Oil Corporation, has agreed to a five-year deal to import liquefied natural gas (LNG) from global trading firm Trafigura, according to three...
Trade tensions to hit India oil consumption: World Bank
0The World Bank forecasts that India’s oil consumption will be negatively affected by escalating trade tensions. Globally, oil consumption growth is expected to slow significantly in...
India ready to collaborate openly to build inclusive global energy future: Hardeep Singh Puri
0Union Minister Hardeep Singh Puri stated India’s commitment to an inclusive global energy future through open collaboration, highlighting the India-Middle East-Europe Economic Corridor (IMEC) as a...