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Oil Price
Lower Oil Prices to Provide Tailwinds to Indian Economy
The present run of lower oil prices will bring significant benefits for the Indian economy as reduced import bill and lower current account deficit and inflatio…
Oil & Gas Trade
China to Bump up Strategic Oil Reserves After Price Crash
Citing people with knowledge of the matter that China is considering the possibility of ramping up the country's strategic oil reserves by buying crude now, esp…
Oil Price
US Shale Supply Badly Hit by Oil Price War
Following the WTI price fall to around $30 per barrel due to an oil price war between Saudi Arabia and Russia, US shale production has been badly hit. The outlo…
Oil & Gas Trade
IEA: Oil Demand To Drop For First Time Since 2009
Global oil demand is set to drop this year for the first time since the financial crisis in 2009, the International Energy Agency (IEA) said on Monday, as it sl…
Oil Price
Saudi Arabia, Russia Brawl Creates Crude Turmoil
Oil prices lost as much as a third of their value on Monday in their biggest daily rout since the 1991 Gulf War as Saudi Arabia and Russia signalled they woul…
Oil & Gas Trade
Aramco Shares Fall 9%; Below IPO Price for First Time as OPEC Pact Unravels
Shares of Saudi state oil company Aramco (2222.SE) slumped below their initial public offering (IPO) price on Sunday for the first time since they began trading…
Oil Price
Oil Prices Dive as Saudi Arabia Takes Aim at Russian Production
Russia on Friday rejected an agreement with OPEC on cuts in oil supplies to bolster prices.
Oil Price
Wall Street Oil Outlook Crumbles as Goldman Sees Contraction
Goldman Sachs Group Inc. became the first major Wall Street bank to anticipate that global oil demand will contract in 2020 for only the fourth time in nearly 4…
Oil Price
Russia's Putin Says Current Oil Prices Acceptable
Russian President Vladimir Putin said on Sunday that current oil prices were acceptable and that Russia had the tools to react to any negative effects of the sp…
Slovakia Launches First Renewables Auction
The ceiling price for solar and wind power has been set at €84.98/MWh. It is expected around 30 MW of generation capacity will be allocated and solar projects …
Oil Price
Oil Prices Steady but Virus Fears Continue to Weigh
Oil prices steadied on Wednesday in Asia, but virus fears continued to weigh as the spreading showed no signs of slowing.
Energy, Power and Electrical , Telecommunications
Tenders are Invited for Price registration aiming at the future and eventual acquisition of materials for use by the press sector of the municipal administratio…
Oil & Gas Trade
Oil may Hit $40 if Russia doesn’t Support Opec’s Production Cuts
In a volatile trading last week, crude oil prices touched one-month high and then fell back as coronavirus fears were back in the markets, with infection and de…
Wind Power Project
Construction of New 250MW Wind Power Plant Begins in Egypt
A new wind power plant is being built in Egypt and is expected to produce 250MW of clean, reliable power at a highly competitive price.
Wind Power Project
Construction of New 250MW Wind Power Plant Begins in Egypt
A new wind power plant is being built in Egypt and is expected to produce 250MW of clean, reliable power at a highly competitive price.
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