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Saudi Arabia raises June Arab light crude price to Asia

By : Sustainability ..., May 8, 2020

Saudi Arabia's state oil giant Aramco has raised the June price for its Arab light crude oil to Asia by $1.40 a barrel from May, setting it at a discount of $5.90 to the Oman/Dubai average, according to a document seen by Reuters on Thursday. The rise in the crude oil...

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OPEC+ agrees to cut world oil production

By : Sustainability ..., Apr 13, 2020

The oil-producing countries of the OPEC+ alliance have agreed to cut their crude production by some 9.7 million barrels per day (mbd) in an historic accord to stabilize world petroleum prices. "At the end of the telematic ministerial meeting of the OPEC+ members and those...

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Centre's ambitious oil & gas output target hits environment hurdle

By : Sustainability ..., Dec 19, 2019

India’s ambitious target to increase domestic oil and gas production has hit the environment roadblock now. Several assets under the discovered small fields rounds (DSF I & II) and open acreage licensing policy (OALP) are facing hurdles in getting clearances from...

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Indian refiners' crude processing falls 6.9% in Sept year-on-year

By : Sustainability ..., Oct 23, 2019

India’s crude processing in September fell 6.89% from a year earlier, its biggest decline since June, as refiners shut units for maintenance and fuel upgrades, provisional government data showed on Tuesday. India, the world’s third-biggest oil importer and consumer, has set...

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BP-RIL JV may roll out charging networks for electric vehicles

By : Sustainability ..., Oct 15, 2019

New Delhi: Attracted by India’s electric vehicle (EV) mobility play, the BP’s group joint venture (JV) with Reliance Industries Ltd (RIL) may roll out charging networks across the country in the future, according to a top executive. This comes in the backdrop of RIL and BP JV...

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Government for non-conventional energy to reduce oil dependence: Dharmendra Pradhan

By : sustainabilityo..., Jun 7, 2017

Union minister Dharmendra Pradhan today said the government is trying to harness non-conventional energy like solar power to cut down the country's dependence on other nations for crude oil....

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