Oil India said that the blowout in Tinsukia took place at around 10:30 am Guwahati: Residents near an oil well of Oil India Limited in Assam’s Tinsukia district had to be evacuated after a “blowout” on Wednesday. The Baghjan 5 well in Upper Assam exploded in a fountain of crude oil after pressure control systems […] More
Image for Representation (Reuters) Greenpeace said that Amazon, Microsoft and Google have been undermining their own climate change pledges by partnering with major oil companies. Associated Press Last Updated: May 20, 2020, 9:13 PM IST Google says it will no longer build custom artificial intelligence tools for speeding up oil and […] More
India’s crude oil processing in April slumped by 28.8% from a year earlier, its biggest drop since at least 2003, as a nationwide lockdown weighed on fuel demand and forced refiners to cut production. Refiners processed about 14.75 million tonnes or 3.60 million barrels per day (bpd) of oil last month, government data showed. The […] More
Oil prices, which have been driven higher for the past four weeks, were steady on Monday, with holidays in Singapore, London and New York dampening trade, as rising concerns over demand recovery offset supply cuts. Brent had eased by 5 cents, or 0.14% to $35.08 a barrel by 1014 GMT, while U.S. oil gained 14 […] More
TOKYO: Oil prices eased on Monday on concerns over rising tensions between the United States and China over Beijing’s plans to impose security laws on Hong Kong and the possibility of sanctions from Washington. Oil prices have risen sharply in recent weeks as an easing of coronavirus restrictions has led to increased demand, but the […] More
File photo: Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. (Photo: REUTERS/Aly Song) Chinese oil stockpiling is normally driven by state giants which sweep up cargoes to fill the government’s strategic petroleum reserves or commercial reserves held by refiners. Reuters Last Updated: […] More
Image copyright Getty Images Image caption This is an oil bust the likes of which the world has never seen The US rose over the last decade to become the world’s largest oil producer. Does the pandemic spell the industry’s decline? Texas oilman Allan P Bloxsom III still remembers the taunts of “college boy” that […] More
LONDON: Oil prices firmed on Wednesday on signs of improving demand and a drawdown in US crude inventories, but worries over the economic fallout from the coronavirus pandemic and weak refining margins capped gains. Brent crude futures were up 51 cents, or 1.47 per cent, at $35.16 per barrel at 0928 GMT. US West Texas […] More
A spike in Covid-19 cases, concerns over economic activities due to further extension of lockdown and weak global setup may cap upside for domestic stocks on Wednesday. Stocks-specific action is likely, amid a host of quarterly earnings scheduled for the day. Here’s breaking down the pre-market actions. SGX Nifty signals positive start Nifty futures on […] More
Image copyright Getty Images Oil prices had diaried an appointment with mayhem this week, but instead, the market is calmer and positive. Global demand is up, as lockdown eases, and supply has been cut by Opec, Russia and, decisively, in the USA. Speculators can drive volatility, and not just in the oil market. Tuesday 19 […] More
You can count the reasons some Canadians might now find themselves more heavily invested in this U.S. presidential election than they already were. Say, about 1.5 billion more reasons. That’s the number of dollars Alberta taxpayers are investing as an equity stake in the Keystone XL oil pipeline, whose fate might now hinge on the U.S. […] More
The price of a barrel of the North American crude oil benchmark topped $30 for the first time since the middle of March on tentative signs that people are starting to drive again amid the COVID-19 pandemic. The June contract for West Texas Intermediate was up by $2.65 US to $32.05 a barrel on Monday. […] More
Enter your account data and we will send you a link to reset your password.
To use social login you have to agree with the storage and handling of your data by this website.
AcceptHere you'll find all collections you've created before.