Oil & gas
India to make unusual 9% cut in gas prices from 1 April
27 Mar 2015
Meant to reflect falling global prices, the move to cut LNG prices would benefit power producers and domestic consumers, but may hurt upstream producers like ONGC
India may import 8 mn barrels of Iraq oil to build stockpile
20 Mar 2015
The government is preparing to import eight million barrels of Iraq oil to fill its new concept of a strategic petroleum reserve (SPR), taking advantage of cheap oil prices
India set to build first strategic oil reserve: report
18 Mar 2015
India, which had approved a $330 million (£228million) budget to cover the filling of its first emergency tanks this year, is now reported to be buying up to 8 million barrels of crude
