In the midst of the vulnerabilities realized by the pandemic, Pune had been in the news for the quantity of cutbacks that occurred in the IT organizations it is home to. Notwithstanding, bringing some expectation, worldwide oil and gas organization, British Petroleum (BP), has affirmed that it will set up its new focus in Pune,…
India is raising fuel supplies to the northern region of Ladakh as the military reinforces its presence in the area following deadly clashes with China last week. State-controlled refiners led by IOC have increased supplies of diesel, gasoline, jet fuel, kerosine and LPG by 15-20pc over usual volumes since the incident on 15 June. The…
Mumbai, The country cannot become fully digital if it continues to offer all transactions free of cost, said G Padmanabhan, former executive director of the Reserve Bank of India. Speaking at a webinar organised by Electronic Payment and Services (EPS), a retail banking technology service provider, he said that for digital transactions to really zoom…
Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery in fuel demand checked gains.Brent crude rose 9 cents, or 0.2%, to $42.28 a barrel by 0009 GMT, while U.S. crude was at $39.76 a barrel, up 1 cent.…
Crude oil prices finished with a weekly gain of about 10% on Friday, as the sudden drop in U.S. production output of crude oil, along with OPEC output cuts, offers hope that the oil glut in the market will reduce significantly. International benchmark, Brent crude closed at $42.20 for a 9.5% weekly gain, after it…
Iranian Oil Minister Bijan Namdar Zangeneh and his Iraqi counterpart Ihsan Abdul Jabbar discussed ways to promote cooperation between the two neighbors in the oil industry.In a telephone conversation, Zangeneh and Abdul Jabbar called for the expansion of oil cooperation between the two Muslim neighbors. The Iranian minister congratulated Abdul Jabbar on taking office as…
Iraq is finally moving ahead with plans to develop its associated and non-associated gas resources in the next two to three years, according to a statement last week from its Deputy Oil Minister, Hamed Younis. In total, he said, the Oil Ministry is looking at projects to develop 1.2 billion standard cubic feet per day…
With global economies and oil demand recovering, there is no point in extending oil output cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Kirill Dmitriev, head of Russia’s sovereign wealth fund RDIF, told RBC. Producers are currently cutting output by a record 9.7 million barrels per day (bpd) –…
Oil exploration shrank for a 14th straight week in the US fields amid weak crude prices and skepticism about a recovery in energy demand. Drillers idled 10 oil rigs in onshore US fields this week, bringing the total to 189, according to data released by Baker Hughes Co. Despite this week’s rise in crude prices…
Oil India Limited on Sunday said most of its wells in Assam’s Baghjan, which were shut due to protests by locals over a fire at a gas well after a days-long blowout, have resumed operations following a meeting with a representative body of residents mediated by the Tinsukia district administration. The operations started between 7…
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