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Oil Price
OPEC Has No Control over Events Roiling Global Oil Markets
OPEC has no control over the events that have led to the run up in global oil prices and there is not enough capacity worldwide to compensate for the loss of Ru…
Natural Gas
EU Says Independence From Russian Gas Is Possible Within Years
The European Union could wean itself off Russian gas within years and start curbing its reliance within months, the European Commission’s climate policy chief …
Ireland
Wind Energy Supplied Record High of 53% of Electricity Demand in February
Wind Energy Ireland said that wind energy provided 53% of the country's electricity needs last month - the highest share of demand ever achieved by wind in Irel…
Oil Price
Saudi Aramco Raises April Crude OSPs to Asia, Europe, US
Saudi Aramco raised official selling prices across the board for April-loading cargoes, with Asia-bound barrels seeing the largest increases between $2.15/b and…
Hydrogen Project
Washington Green Hydrogen Alliance launched
Washington’s commitment to hydrogen just got a lot bigger with the launch of a new association dedicated to reducing air and water pollution, creating clean en…
Crude Oil
China Confident of Ensuring Energy Supply Despite Challenges
China’s government is capable of supplying sufficient energy despite serious challenges as it will step up production capacity and boost reserves to keep price…
Crude Oil
Shell Defends Decision to Buy Discounted Oil From Russia
Oil major Shell has sought to defend its decision to buy a heavily-discounted consignment of oil from Russia, saying it would commit the profits to a fund dedic…
Natural Gas
Gas Production in Azerbaijan Increased by 12.9%
According to the operative data, Azerbaijan produced 2.9 million tons of oil (including condensate) in January 2022, the Ministry of Energy told AZERTAC.
Oil & Gas Supply
Elon Musk Calls for Immediate Boost in Oil and Gas Production Amid Russia-Ukraine War
In a tweet, Tesla CEO Elon Musk called for an immediate increase in oil and gas production in the US and globally to compensate for the reduced Russian output. …
Oil Price
Policy Certainty Shields Indian Stocks from Oil Price Spike
Declining oil intensity in GDP, rising domestic investors share are among the other reasons, says foreign advisory firm
Oil & Gas Trade
Ukraine: Workers Refuse to Unload Russian Oil from Ship
Workers are refusing to unload Russian oil from a German-flagged ship which is moored at a major British oil refinery.
Oil Price
Fueling Inflation: Petrol, Diesel Prices Set to Rise as Crude to Range Around $95-125
Hostilities between Russia and Ukraine, along with sustained demand, is expected to keep global crude oil prices in the range of $95-to-$125 per barrel in the s…
Coal Company
Supply to Power Sector at Record High, Says Coal India
Coal India’s (CIL) on Friday said its supplies to power sector peaked to record high of 493 million tonnes (MTs) on March 3 of the ongoing fiscal breaching the…
Hydropower Plant
Work for 500 MW in NHPC Subansiri Lower Hydroelectric Project to be Completed by August 2022
Work for the 500 MW in NHPC Subansiri Lower Hydroelectric Project (2000MW) will be completed by August 2022, Arunachal Pradesh Deputy Chief Minister, Chowna Mei…
Hydropower Plant
NHPC's 2,880 Dibang Hydropower Project Expected to Begin During Apr-Jun: CMD
NHPC's 2,880-megawatt (MW) Dibang hydropower project in Arunachal Pradesh is expected to kick-off in the first quarter of 2022-23 "with in-hand forest and envir…
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