Natural Gas price may go up by 18% from April; India’s fuel demand rises 3.8% in February 2019
The price of natural gas may go up by as much as 18% from April 2019, according to a CARE Ratings’ report. As per the New Domestic Gas policy of 2014, …
China’s LPG output up 7.1% year-on-year in Jan-Feb 2019 – report
China’s energy production maintained stable growth during the first two months of the year, the official Xinhua News Agency quoted the National Bureau of …
Refining frenzy worsens fuel glut in Asia
Asia is drowning in Chinese fuels and things are about to get worse over the next three years as new refining capacity in the world’s second-largest economy …
India’s fuel demand up 6.4% in January 2019
India’s fuel product consumption or sales improved 6.4 per cent to 18.34 million tonnes in January 2019 over a year ago. Fuel products sales went up 3.2 …
Palladium ranks as the best-performing metal of 2018; smashes another record
Palladium’s premium to platinum jumped to a record, building on its ranking as the best-performing metal of 2018. Shortages of the metal used in …
India set to overtake China to become the second largest oil consuming country: Wood Mackenzie Report
India will surpass China to become the second largest oil demand growth centre globally in 2019 on back of buoyant auto fuel and LPG consumption, research and …
India’s diesel demand to double by 2029-30, government says
India’s diesel demand is likely to double to 163 million tonnes (MT) in 12 years as consumption rises in the world’s fastest-growing economy, Oil …
Fuel price reduction to hit Indian OMCs’ financial profiles
The Indian government’s directive to the country’s three state-owned oil marketing companies (OMCs) to reduce petrol and diesel prices will have a …
Diesel guzzler Indian Railways planning to turn to natural gas to cut cost
Indian Railways has signed a preliminary deal with gas firm GAIL (India) Ltd to use natural gas in some of its operations, part of a drive by the …
India’s fuel demand rose to record highs in May; imports from Iran surge to highest since 2016
India’s domestic demand of diesel and petrol rose to record highs in May, pushing the country’s overall fuel consumption for the month higher …