While the economists and the regulators were busy finding solution for the slow depression, the oil had a rally in November says, Niteen Jain, senior analyst, research & strategy, MCX ...
Oil weakened in Asian trade today as investors remained cautious despite backing from EU leaders for a deal aimed at saving the eurozone, analysts said. New York’s main contract, light sweet crude for January delivery, dropped ...
State-owned gas utility GAIL India today said it has signed an agreement to buy 3.5 million tonnes a year of LNG for 20 years from a US firm to meet India’s growing energy needs.
“GAIL has signed ...
Bharat Petroleum Corp Ltd (BPCL), India’s second-largest public sector refinery, is planning Rs 18,000 crore to Rs 20,000 crore investment over the next five years for setting up a petrochemical plant and expansion of the Kochi ...
Ruias-owned Essar Oil Ltd has proposed to set up a 6 million tonne refinery in Uganda even as it plans to invest $1 billion in more than doubling capacity of its Kenya refinery.
“There has been a ...
Essar Oil has announced commissioning of a new Isomerisation unit at its Vadinar refinery that will help the firm produce Euro IV grade petrol of high octane rating and almost zero sulphur content.
“The 0.7 million tonne ...
Petronet LNG will soon finalise an agreement for sourcing liquefied natural gas from Russia under a pact with energy giant Gazprom, a government statement said on Wednesday. In June, Gazprom had signed a preliminary deal with ...
Crude was mixed in Asian trade today ahead of a crunch European Union summit as doubts lingered over whether leaders can come up with a solution to the euro zone debt crisis, analysts said. New York’s ...
