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Rising electricity demand pushes Bangladesh to buy more power from India, boost fuel oil generationBangladesh is increasing power imports from India, particularly from Adani Power, and boosting fuel oil-fired power plants to meet rising e...- US tariffs worsen challenges in petrochemical industry, executives warnU.S. tariffs are exacerbating challenges for the petrochemicals sector, potentially causing a 15% decline in global trade, according to Tot...
- Maersk CEO warns of downside risk to oil prices amid OPEC+ output riseMaersk executive Emma Mazhari warned of a high risk of falling oil prices due to a slight demand increase and OPEC+'s decision to raise pro...
- India’s state-owned refiners seek to fully revive Russian crude buys despite US pressureDespite US pressure, Indian state-owned oil refiners aim to revive discounted Russian crude purchases. However, a lack of available cargoes...
- Indian Oil Corp says Russia's spot oil supply is normalIndian Oil Corp said Russian oil continues to trade at a $2–$3 per barrel discount to Dubai crude for Indian deliveries. India remains the ...
- India's oil-demand growth set to outpace China, says Trafigura GroupIndia's oil demand is expected to surpass China's this year. This excludes China's strategic stockpiling. Urbanization and rising incomes a...
- New sanctions on Russian oil buyers to disrupt flows, says trader GunvorNew sanctions targeting buyers of Russian oil could significantly disrupt crude flows, according to Gunvor's Frederic Lasserre. President T...
- China oil stockpiling helps offset global surplus, S&P Global saysChina, the world's leading oil importer, has significantly increased its crude oil stockpiles this year, reaching a multi-year high. This a...
- Oil prices extend recovery rally to cap volatile weekOil prices rose on Friday due to output disruptions in the U.S. Gulf of Mexico caused by Hurricane Francine. Brent crude futures increased ...
- APPEC-India ONGC Videsh focuses on buying stakes in oil, gas producing assets amid energy transitionIndia's ONGC Videsh is prioritising the acquisition of stakes in overseas oil and gas producing assets due to anticipated declines in deman...
- Oil prices edge up as storm nears US Gulf Coast after week of heavy lossesOil prices rose about 1% on Monday due to concerns over a hurricane forecast to hit Louisiana, potentially disrupting production and refini...
- ONCG says no clarity on resumption of Sakhalin-1Production at Sakhalin-1 was "minimized" shortly after the Ukraine war started and there is no clarity or timeline yet when it could be res...
- Why India may have to blink on oil pricesCentre has been steadfast so far, hoping to ride out the global crude spike. But it may soon have to blink.
- India's oil demand growth to slow down over next decades - RelianceTo meet that consumption, India has been boosting its overall refining capacity with first production from its upcoming West Coast refinery...
- India's oil demand to climb to 500 million tonnes per year by 2040: Indian OilThat would be equivalent to around 10 million barrels per day (bpd), up from about 4.7 million bpd in 2017.
- Oil prices could rise to $100 a barrel by 2019, warn merchantsCrude oil prices could rise to $90 per barrel by Christmas.
- India needs to double refining capacity by 2040 to meet fuel demand growthThe recent implementation of a goods and services tax and demonetization are unlikely to dent fuel demand in the longer term, said B. Anand...
- Get ready for an oil squeeze in 2018, warns CitiIf the output reductions are pro longed, that would only hasten the prospect of a tighter market.
- Oil back in bull market as Kurdish vote amplifies supply riskOil has gained more than 10 per cent this month on forecasts for rising crude demand.
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