Petrol

Energy Investment

China Considers Stake Acquisitions in Russian Energy Firms

China is in negotiations with firms including China National Petroleum, and China Petrochemical.

Saudi Arabia

Riyadh Oil Refinery Attacked by Drone, Supplies Unaffected

A refinery in Saudi Arabia's capital, Riyadh, was attacked by a drone on Thursday morning but petroleum supplies were not affected.

Oil Price

Petrol Prices to ‘Keep Climbing’

Sky News business reporter Edward Boyd says US inflation has hit a 40 year high, with fuel prices up 38 per cent.

Crude Oil

Biden Walks Tightrope Between Need for Oil and Push to Go Green

With the war in Ukraine causing oil prices to soar, US President Joe Biden's administration is treading a fine line between staying true to its commitment to cl…

Oil & Gas Supply

OPEC Chief Warns of Global Oil Shortage Due to Sanctions on Russia

The head of the Organization of Petroleum Exporting Countries (OPEC) warned Tuesday that the world cannot replace Russia's share of oil exports, calling for en…

Crude Oil

India's February Fuel Demand Rises 5.4% Year-on-Year

India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry…

Oil Price

Price Hikes Won't Hit Petrol Demand

The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise pri…

EV Market

Secondhand Tesla Prices are Shooting up as Petrol Prices and New Car Wait Times Blow out

With the price of petrol set to soar due to looming gas and oil shortages caused by Russia’s invasion of Ukraine and subsequent sanctions, observers are noting…

Crude Oil

India's Fuel Demand Rises 5.4% in February

India's fuel demand rose 5.4% in February, compared with the same month last year, data from the Petroleum Planning and Analysis Cell (PPAC) of the oil ministry…

Whiting Petroleum and Oasis Petroleum Sign $6bn Merger Deal

US-based shale producer Whiting Petroleum signed a merger deal with Oasis Petroleum to create a new enterprise, valued at approximately $6bn.

Oil Price

Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked

CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…

Oil Price

Oil Companies to Determine Fuel Prices: Hardeep Singh Puri

Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …

Oil Price

No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks

The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said

Oil Price

Petrol, Diesel Price Hikes may Restart from Next Week

Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil…

Oil Shale

U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal

U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.