The consumption of fuel, rose by more than 5 percent to 4.82 million barrels per day in February, its 15th consecutive year-on-year rise.
India spent $13.7 billion in March alone when oil prices surged to a 14-year high. This compared with $8.4 billion spending in the same month last year.
The EU sends $450 million a day to Russia for oil and $400 million per day for natural gas, according to calculations by analysts at the Bruegel think tank in Brussels.
The company in the immediate term is looking to tie up 0.75 to 1 million tonnes of LNG to meet the burgeoning energy demand in the country, particularly in the city gas sector.
The state-of-the-art 8-legged water Injection-cum-Living Quarter platform has been installed as part of the implementation of the low salinity waterflood (LSWF) process, an Enhanced Oil Recovery (EOR) pilot project, part of...
India's crude oil production has been on a decline during the past few years. From 35.7 million tonnes in 2017-18, it fell to 34.2 million tonnes in the following year and 32.2 in 2019-20, and 30.5 million tonnes in...
The growth rate of the eight infrastructure sectors - coal, crude oil, natural gas, refinery products, fertiliser, steel, cement and electricity - had expanded by 6 per cent in February.
Inflation last month was 13.11 per cent, while wholesale inflation in March last year stood at 7.39 per cent.
Despite a decision of the Union Cabinet to give 100 per cent gas supply under 'no cut' priority to the city gas distribution (CGD) sector, current supplies...
The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and will apply to both apparel and...
The oil industry and the petroleum ministry have made a case for expanding the list of designated ports, but the finance ministry shot down the proposal.
The demand for petrol in FY22 was the highest ever while the diesel sales were the highest since 82.6 million tonnes of consumption in 2019-20.
Citing an RBI report, sources said that the total developmental expenditure by the central government was a whopping Rs 90,89,233 crore (Rs 90.9 lakh crore)...
CNG prices in Delhi have increased by Rs 12.48 per kg since March when city gas distributors started factoring in high international energy prices.
India's oil demand rose from 4.51 million barrels per day in 2020 to 4.76 million bpd in 2021, recording a 5.61 per cent growth.
Approximately 22 per cent of households said that they can tolerate a short-term increase in fuel prices without them having to cut discretionary spending,...
As per the report, out of 80 per cent of India's oil imports, 2 to 3 per cent account from Russia currently. However, with soaring oil prices, India is...
As per the government data released on Monday, WPI inflation has remained in double digits for the 11th consecutive month beginning April 2021.
At the current Brent crude oil price of $115 per barrel, the base comes to $15.18 per mmBtu and adding $8.28 premium bid by state-owned gas utility GAIL and...
As oil prices have gone up, freight rates of cargo ships, which currently stand at $20,000 a day, are likely to reach $30,000 per day.
The projects include -- Tori-Shivpur Railway Line (on Deposit Basis), Jharsuguda-Barpali-Sardega Rail Link at Ib-Valley Coalfield of MCL in Odisha (on deposit...
International crude oil prices shot above $120 a barrel for the first time in nine years on Thursday before retreating a little to $111 on Friday, but the gulf...
Major Indian oil companies such as ONGC, Oil India Limited (OIL), Indian Oil Corporation (IOC), and BPCL have invested in Russian energy projects, according to...
IndianOil-AOD, the company's Northeast division, at present has an annual capacity to bottle 5.23 crore LPG cylinders at its nine planets, and the capacity...
India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021.
