Panaji: Indian Oil Corporation’s jet fuel business has recovered by 60 per cent, while the domestic sector sales are likely to touch full capacity by March, this year, a senior official has said. There was a drop in the jet fuel business following coronavirus-induced restrictions but from May 25, 2020 onwards, the aviation sector…
NEW DELHI: Ethanol blending in petrol will cross 8 per cent in 2020-21 after reaching 5 per cent in the previous year despite the pandemic, Petroleum Secretary Tarun Kapoor told ET. State oil marketing companies received 173 crore litres of ethanol for blending with petrol during ethanol supply year that ran between December…
India is running out of time to sell off a controlling stake in state-controlled refiner Bharat Petroleum (BPCL) by its 31 March deadline, complicating efforts to reduce its deficit and raise spending to combat the Covid-19 pandemic. The government had planned to find buyers for majority stakes in BPCL and national carrier Air…
Patna: Bihar Chief Minister Nitish Kumar on Monday underscored that there is a huge potential of ethanol production in the state and asked officials to work on promoting ethanol production from sugarcane, maize and agri waste. Making ethanol from sugarcane will promote sugarcane industries in the state, Kumar said. “There is a huge potential…
Dedicating the Kochi-Mangaluru Natural Gas Pipeline to the nation via video conferencing on Tuesday, he said the Government will invest crores of rupees in the oil and gas sector in this decade itself. Stating that the Kochi-Mangaluru pipeline will be a major driver of development in both Kerala and Karnataka, he said India…
SINGAPORE: Oil prices touched multi-month highs on Monday on expectations that OPEC and allied producers may cap output at current levels in February as the coronavirus pandemic keeps worries about first-half demand elevated. Prices rose in line with broader financial markets with Brent crude futures reaching $53.17 a barrel, the highest since March…
After remaining soft for the better part of 2020 because of the Covid-19 pandemic, crude oil prices have began to inch up and are hovering around $50 per barrel mark.However, experts are of the view that the commodity will be volatile this year and its movement will be determined by the vaccine rollout and…
SINGAPORE: Russian natural gas transported to China via the Power of Siberia pipeline touched 28.8 million cubic meters per day, as of Jan. 3, in order to feed homes and factories as northern China faces frigid weather conditions, national oil and gas pipeline giant PipeChina said. This will put on track an annual…
Along with its biggest anchor, oil and gas, the city is also home to a deep bench of aerospace, health care and Fortune 500 companies. While 2020 wasn’t exactly what anyone expected, Houston’s emergent technology companies are primed to deliver solutions to advance imminent digital transformation in the $3.3 trillion global energy industry as…
Most OPEC+ countries would like to postpone a planned increase in oil output from February due to weakening fuel demand amid new global lockdowns to stop the spread of the coronavirus, three OPEC+ sources said on Monday. OPEC+, a group combining OPEC and allies such as Russia, meets later on Monday after a meeting…
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