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Fuel Export Curbs, Tax Hike To Intensify Global Diesel, Petrol Shortage
India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.
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Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
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Energy-Sensitive Rupee Weakens On Higher Oil Prices And Record Fuel Rate Hikes
The energy-sensitive rupee weakened to near 76 per dollar on Wednesday as oil prices rose on supply concerns, and a record hike in domestic fuel rates has put the focus back on already high inflation.
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Fuel Prices Hiked 6 Times So Far This Year, Petrol Rate In Delhi Crosses Rs 70/Litre
The upwards price revision comes on the back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts.
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Oil Holds Above $64 Before US Supply Report
Oil held above $64 per barrel on Wednesday before a US government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.
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Indian Oil Returns to Seek Jet Fuel, Kerosene
Traders said refinery maintenance in India has hit domestic supplies, prompting IOC to snap up gasoline as well.
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Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet
The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal s...
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Gail Makes Gas Available From Alternate Sources to Gujarat Industries
State-run gas utility GAIL India Ltd on Sunday said it has made available natural gas from alternate sources to industries in Gujarat whose domestic fuel allocation was snapped to give fuel for the CNG sector.
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India Sees No Impact on Fuel Supplies From Iraq Conflict
India's domestic fuel supplies will not be affected by fallout from the ongoing conflict in Iraq although state-run refiners have been asked to draw up a contingency plan, the oil ministry said in a statement on Thursday.
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Government Sees No Impact on Fuel Supplies From Iraq Conflict
India's domestic fuel supplies will not be affected by fallout from the ongoing conflict in Iraq although state-run refiners have been asked to draw up a contingency plan, the Oil Ministry said in a statement on Thursday.
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NTPC's Farakka Project Gets Domestic Coal
NTPC's thermal power project at Farakka in West Bengal has started getting domestic coal through inland waterways, helping to ease shortages caused by irregular fuel supplies by rail.
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Coal India aims to meet 80 per cent coal supply from domestic source
Coal India Ltd is aiming to supply 80 per cent of contracted quantity as against 65 per cent that the miner is required to meet from domestic sources under new fuel supply agreements (FSA) with power plants.
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Align domestic fuel prices with global rates: President
Close on the heels of steep increase in diesel price and cap on supply of subsidised LPG, President Pranab Mukherjee on Monday said greater alignment of domestic rates with global prices was in the interest of both consumers and investors.
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Coal India seeks state governments consent on price pooling
The development comes close on the heels of CIL board approving the modified fuel supply agreement (FSA) without price-pooling with 65 per cent domestic coal and 15 per cent imported coal at cost plus basis.
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Domestic gas supply shortfall will fuel LNG imports: Icra
The ballooning natural gas supply-demand deficit created by a fall in output from Reliance Industries' eastern offshore KG-D6 fields will fuel imports of expensive LNG, a report by credit ratings agency Icra said. "India's natural gas supply has been adversely impacted in 2011-12 due to a fall in KG-D6 production to 46.6 million standard cub...
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Fuel Export Curbs, Tax Hike To Intensify Global Diesel, Petrol Shortage
India's latest measures aimed at boosting domestic oil supplies could reduce its diesel and gasoline (petrol) exports in the second half of the year, keeping global supplies tight and underpinning prices, traders and analysts said.
-
Biden Sidelined Global Energy Partners With Record Emergency Oil Release: Sources
The group's members have become worried that U.S. President Joe Biden is using the Strategic Petroleum Reserve (SPR) to tamp down rampant domestic inflation for political reasons, instead of protecting consumer countries from a global supply disruption, according to the sources who declined to be identified because of the sensitivity of the topic.
-
Energy-Sensitive Rupee Weakens On Higher Oil Prices And Record Fuel Rate Hikes
The energy-sensitive rupee weakened to near 76 per dollar on Wednesday as oil prices rose on supply concerns, and a record hike in domestic fuel rates has put the focus back on already high inflation.
-
Fuel Prices Hiked 6 Times So Far This Year, Petrol Rate In Delhi Crosses Rs 70/Litre
The upwards price revision comes on the back of a recovery in crude oil prices in anticipation of tightening supply ahead, say analysts.
-
Oil Holds Above $64 Before US Supply Report
Oil held above $64 per barrel on Wednesday before a US government report expected to show domestic crude inventories fell for an eighth week, a sign that a supply glut is easing.
-
Indian Oil Returns to Seek Jet Fuel, Kerosene
Traders said refinery maintenance in India has hit domestic supplies, prompting IOC to snap up gasoline as well.
-
Modi Government May Decide on Coal Reforms: Your 10-Point Cheat-Sheet
The Narendra Modi government may discuss much-needed reforms in the coal sector in a Cabinet meeting today, sources told NDTV. A decision on reforms in the coal sector may come after the government announced linking diesel prices to market rates and hiked prices of domestic gas over the weekend. The government needs to address the deficit in coal s...
-
Gail Makes Gas Available From Alternate Sources to Gujarat Industries
State-run gas utility GAIL India Ltd on Sunday said it has made available natural gas from alternate sources to industries in Gujarat whose domestic fuel allocation was snapped to give fuel for the CNG sector.
-
India Sees No Impact on Fuel Supplies From Iraq Conflict
India's domestic fuel supplies will not be affected by fallout from the ongoing conflict in Iraq although state-run refiners have been asked to draw up a contingency plan, the oil ministry said in a statement on Thursday.
-
Government Sees No Impact on Fuel Supplies From Iraq Conflict
India's domestic fuel supplies will not be affected by fallout from the ongoing conflict in Iraq although state-run refiners have been asked to draw up a contingency plan, the Oil Ministry said in a statement on Thursday.
-
NTPC's Farakka Project Gets Domestic Coal
NTPC's thermal power project at Farakka in West Bengal has started getting domestic coal through inland waterways, helping to ease shortages caused by irregular fuel supplies by rail.
-
Coal India aims to meet 80 per cent coal supply from domestic source
Coal India Ltd is aiming to supply 80 per cent of contracted quantity as against 65 per cent that the miner is required to meet from domestic sources under new fuel supply agreements (FSA) with power plants.
-
Align domestic fuel prices with global rates: President
Close on the heels of steep increase in diesel price and cap on supply of subsidised LPG, President Pranab Mukherjee on Monday said greater alignment of domestic rates with global prices was in the interest of both consumers and investors.
-
Coal India seeks state governments consent on price pooling
The development comes close on the heels of CIL board approving the modified fuel supply agreement (FSA) without price-pooling with 65 per cent domestic coal and 15 per cent imported coal at cost plus basis.
-
Domestic gas supply shortfall will fuel LNG imports: Icra
The ballooning natural gas supply-demand deficit created by a fall in output from Reliance Industries' eastern offshore KG-D6 fields will fuel imports of expensive LNG, a report by credit ratings agency Icra said. "India's natural gas supply has been adversely impacted in 2011-12 due to a fall in KG-D6 production to 46.6 million standard cub...
