Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares

Berkshire Hathaway acquires $588.7 million worth of Occidental Petroleum shares

14 Dec 2023

Berkshire Hathaway, one of the world’s largest holding companies, acquired nearly 10.5 million shares of Occidental Petroleum.

Oil marketing companies to set up 7,432 EV charging stations

Oil marketing companies to set up 7,432 EV charging stations

14 Dec 2023

The ministry of heavy industries has sanctioned Rs800 crore as capital subsidy to the three public sector oil marketing companies (OMCs) for setting up 7,432 electric vehicle charging stations under Phase II of the FAME scheme.

Occidental Petroleum to acquire CrownRock LP in $12 bn deal

Occidental Petroleum to acquire CrownRock LP in $12 bn deal

12 Dec 2023

US oil company Occidental Petroleum on Monday said it has entered into an agreement to acquire Midland-based oil and gas producer CrownRock L P, for cash and stock in a transaction valued

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

Kinder Morgan is set to acquire Texas pipelines from NextEra Energy Partners in a $1.82 billion deal

07 Nov 2023

Kinder Morgan, a U.S. gas pipeline operator, stated that it would acquire NextEra Energy Partners gas pipelines in South Texas. This statement was announced on Monday, 6 November 2023. The deal is said to be worth $1.82 billion.

Metropolitan LPG cylinder prices surge by Rs 100 for 19-Kg commercial cylinders – stay updated on current rates

Metropolitan LPG cylinder prices surge by Rs 100 for 19-Kg commercial cylinders – stay updated on current rates

01 Nov 2023

Indian state-backed oil marketing companies, or OMCs, have increased the price of their 19-kg commercial liquefied petroleum gas (LPG) cylinders by about Rs 100.

World Bank warns Middle East conflict could trigger global commodity and oil price surge

World Bank warns Middle East conflict could trigger global commodity and oil price surge

31 Oct 2023

The World Bank has sounded the alarm, cautioning that the ongoing conflict between Israel and HAMAS in the Middle East has the potential to significantly

Oil price soars as concerns over supply creep in amid Israel-Hamas conflict

Oil price soars as concerns over supply creep in amid Israel-Hamas conflict

11 Oct 2023

The price of oil rose higher on Wednesday, 11 October, with investors concerned about supply disruptions due to the Israel-Hamas conflict.

Oil prices shot up to $89 a barrel amid the Israel-Hamas conflict

Oil prices shot up to $89 a barrel amid the Israel-Hamas conflict

09 Oct 2023

Oil prices rose up to $89 a barrel in Asian trade on Monday, 9 October, amid intense military clashes between Israel

India, US, Brazil join to spearhead Global Biofuels Alliance

10 Sep 2023

In yet another big deal for India, which is the current president of the G20, the summit in New Delhi announced the formation of a Global Biofuels Alliance.

Chevron to acquire PDC Energy in $6.3 billion all-stock deal

13 Jul 2023

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