Oil & gas
Opec output cut threat fails to boost oil prices
06 Dec 2019
While the move is widely seen as aimed at boosting the initial public offer (IPO) of Saudi Arabia’s state-owned oil producer Saudi Aramco, some market participants also believe the market is approaching the top of an important range above which oil needs more stimulus to push ahead
Russia opens natural gas pipeline to China
03 Dec 2019
Hit by Western financial sanctions over its 2014 annexation of Ukraine’s Crimea, Russia, one of the largest exporters of natural gas, is shifting market focus to the East
Govt relaxes fuel retailing policy, opens market to non-oil firms
24 Oct 2019
The revised policy allows entities with minimum net worth of Rs250 crore to set up petrol pumps, but have to meet certain conditions such as setting up retail outlets in remote areas and facilitating sale of at least one new-generation alternative fuel
