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CHINA OIL AND GAS PRODUCTION
China digs 8,300 metres beneath Xinjiang desert: What is hidden in the desert below?China is accelerating oil and gas exploration in ultra-deep and offshore reserves to strengthen domestic energy supplies amid global market...- Oil Price Today (October 6): Crude oil below $101 as supply concerns ease but Houthi attack keeps traders on edgeBrent crude futures gained 20 cents to $100.54 a barrel, while US West Texas Intermediate crude futures rose 12 cents, or 0.13%, to $89.50 ...
- Oil ministry plans centralised R&D mechanism to steer projects, funding in oil and gas sectorThe oil ministry aims to establish a centralised mechanism for research and development in the oil and gas sector. This approach will align...
- India’s BPCL plans $3 billion bond sale to fund Brazil oil betBharat Petroleum Corp. plans to raise up to $3 billion through international bonds, mainly funding its $2.8 billion contribution to Brazil’...
- India may be best placed to fill a China-sized hole in fuel exportsIndia could emerge as a key swing supplier of refined fuels as China suspends October exports, helped by recovering Middle Eastern crude im...
- Oil Price Today (October 5): Crude oil dips $101 despite simmering Iran war tensions. Here’s whyBrent crude futures fell 70 cents, or 0.69%, to $101.60 a barrel, while US West Texas Intermediate crude was at $90.15 a barrel, down 90 ce...
- Despite G7, fuel inflation will remainG7's recent decision to release 100 million barrels of oil from reserves is unlikely to significantly alleviate fuel inflation as it overla...
- Deep-sea gas becomes costlier as government raises price ceilingThe government has raised the ceiling price for gas from difficult fields such as Reliance-BP’s KG-D6 block to $9.89 per MMBtu for October ...
- Why are US energy firms cutting rigs now? Baker Hughes report explainedBaker Hughes (BHI) reported that the US oil and gas rig count decreased by one to 598 for the week ended October 2. It was the first decrea...
- Why are oil prices down today? G7 countries' oil reserve release plan to push crude rates lowerOil prices fell today as G7 countries moved towards releasing up to 100 million barrels of diesel and crude reserves over four months. Bren...
- Vedanta plans $200 million push to lift Rajasthan oil outputVedanta Oil and Gas is increasing investment in Rajasthan to enhance crude output from existing wells. The company aims to invest approxima...
- BRICS isn’t killing the dollar. The world is learning to live without itBRICS aims to decrease reliance on the US dollar by facilitating trade in national currencies among member countries. This trend is evident...
- India imports 50% of gas needs, targets 10X CBG output: Hardeep Singh PuriIndia's Petroleum and Natural Gas Minister Hardeep Singh Puri emphasized the need for enhanced domestic energy production. Rising energy de...
- No global oil shortage, supply route disruptions driving crude prices, oil minister saysUnion Minister for Petroleum and Natural Gas Hardeep Singh Puri highlights the current oil supply situation. He states that global oil prod...
- US crude oil output rose in July, while petroleum demand declined, EIA saysIn July, US crude oil production climbed to 13.95 million barrels per day, up from June’s figures. Despite the production surge, the demand...
- PM Modi and Trump hold first telephonic talks since Russia sanctions law; discuss trade, defencePrime Minister Narendra Modi and US President Donald Trump have agreed to maintain close engagement to advance the India-US Comprehensive G...
- China, US slash tariffs on USD 30 billion on imports: Chinese Commerce MinistryIn a significant development, China and the United States have finalized ten key outcomes during their recent economic and trade discussion...
- Qatar-linked LNG traffic through Hormuz strait picks up despite conflictRecent transits of QatarEnergy-linked liquefied natural gas vessels through the Strait of Hormuz have increased. Kpler data indicates that ...
- Natural gas defies energy shock as strong supply keeps prices in checkDespite crude oil volatility from West Asian geopolitical tensions, natural gas prices remain contained around $2.50-$3.50/MMBtu. Record US...
- The most uncertain sector also pays the most to wait. Watchlist for patient investors: 5 stocks with upside potential of up to 25%There are some interesting contrarian bets in the market. But going contrarian, or buying what everyone else is running away from, is not t...
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