Oil & gas

Oil edges upward, but ambiguity over sanctions restrains momentum

15 Jan 2025

Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers

Oil prices rise as US sanctions target Russian exports to China and India

13 Jan 2025

Oil prices continued their upward trajectory for the third consecutive session on Monday, with Brent crude crossing $80 per barrel for the first time in over four months.

Saudi Aramco and Sonatrach announce significant LPG price cuts

09 Jan 2025

In a move set to impact global energy markets, Saudi Aramco and Algeria’s Sonatrach have announced substantial price cuts for liquefied petroleum gas (LPG)

BP Eyes 44% boost in oil production from India’s largest field, says ONGC

09 Jan 2025

India’s largest oil and gas field, located off the country’s west coast, is set for a major output surge, as energy giant BP commits to ramping up oil production

Oil prices surge amid Russian and OPEC supply cuts, US crude stocks decline

08 Jan 2025

Oil prices climbed on Wednesday as tightening supplies from Russia and OPEC members combined with a drop in US crude oil inventories.

ONGC partners with BP to boost production at Mumbai High Field

08 Jan 2025

India’s biggest oil and gas explorer, Oil and Natural Gas Corporation (ONGC), has teamed up with global energy giant BP to enhance oil and gas production from the Mumbai High offshore field

Russian gas supply to Europe via Ukraine halts as transit deal ends

01 Jan 2025

Russia has been forced to halt gas supplies to Europe as a five-year gas transit deal with Ukraine expired on 1 January 2025 and Kiev refused to extend it any further.

US allegations force TotalEnergies to defer investments in Adani Group

26 Nov 2024

In signs that the US Justice Department’s accusation of corruption by the Adani Group has its intended impact elsewhere

RIL to invest Rs65,000 cr in 500 biogas plants in Andhra Pradesh

12 Nov 2024

Reliance Industries Ltd (RIL) will be setting up 500 plants to produce compressed biogas across Andhra Pradesh, at an estimated cost of Rs65,000 crore, over the next five years.

China's Sinopec signs 15-year LNG term contract with TotalEnergies

05 Nov 2024

French oil major TotalEnergies on Monday announced the signing of a long-term LNG supply contract with China’s Sinopec, under which Total will supply Sinopec 2 million tonnes