18th August 2020:Nagpur: Vidarbha Petroleum Dealers Association (VPDA) has alleged that a number of outlets licensed to vend bio-diesel have been selling spurious fuel instead. The government had allowed direct sale of bio-diesel for mixing with high speed diesel (HSD) from April 2019. This has led to a number of dealers selling fuel oil in…
18th August 2020:NEW DELHI : Prime Minister Narendra Modi on Monday chaired a meeting with key cabinet ministers, including Nitin Gadkari (transport), Piyush Goyal (trade and railway), Nirmala Sitharaman (finance) and Hardeep Singh Puri (aviation), to work out a master plan to improve multimodal connectivity in industrial hubs to cut the cost of logistics, officials…
18th August 2020:The government has set targets of 10 per cent bioethanol blending of petrol by 2022 and to raise it to 20 per cent by 2030 under the ethanol blending programme to curb carbon emissions and reduce India’s dependence on imported crude oil. 1G and 2G bioethanol plants are set to play a key…
18th August 2020:The blowout — an uncontrolled release of gas or oil — at an Oil India Limited (OIL) natural gas well in Upper Assam’s Baghjan was capped on Monday after 83 days. Efforts are in progress to douse the fire, which had broken out on June 9, at the well. The natural gas well…
18th August 2020:NEW DELHI: India and Nepal on Monday reviewed the status of various development projects supported by New Delhi in the Himalayan nation and decided to speed up their implementation against the backdrop of consistent efforts by China to draw Kathmandu into its sphere of influence with cheap loans and infrastructure projects. The talks…
NEW YORK Oil prices edged lower on Friday on worries that demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil…
Oil slipped further below $45 a barrel on Friday, giving up this week’s gains, under pressure from doubts about demand recovery due to the novel coronavirus pandemic and rising supply. Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week. OPEC and…
NEW YORK: Oil prices edged lower on Friday as investors feared demand would recover more slowly than expected from COVID-19 pandemic lockdowns, while rising supply also overshadowed optimism over falling crude and fuel inventories. This week, two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil…
European Union foreign ministers prepared Friday for urgent talks on military tensions between Greece and Turkey as the neighboring countries’ navies continued a game of brinkmanship over eastern Mediterranean drilling rights. Turkish President Recep Tayyip Erdogan said Turkey would press ahead with its search for oil and gas in the disputed waters until Aug. 23…
WASHINGTON- The United States said on Friday it had confiscated four Iranian fuel shipments that had been bound for Venezuela, disrupting a key supply line for both Tehran and Caracas as they defied U.S. sanctions. U.S. President Donald Trump said Iran should not be sending cargoes to Venezuela and added that the seized shipments were…
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