India’s shrinking diesel demand points to a frightening economic slowdown


India’s demand for diesel is slowing as the country’s car fleet shifts predominantly to gasoline, trucks get more efficient and solar pumps displace diesel-fed units across the countryside, claims a Reuters report. The combination of these changes has led analysts, academics and company officials to speculate that diesel demand growth in the world’s third-largest crude […]

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India natural gas output grew 0.69% in FY19

India’s natural gas production grew for the second consecutive year in 2018-2019, primarily due to increase in production from fields operated by government-owned Oil and Natural Gas Corporation (ONGC). India’s cumulative natural gas production grew 0.69 per cent to 32,873 Million Standard Cubic Meter (MMSCM) last fiscal, as compared to 32,649 MMSCM produced in financial […]

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Private sector oil companies in India seek to be part of LPG subsidy transfer mechanism

To get a slice of the 20-million-tonne-plus annual sales of packaged domestic liquefied petroleum gas (LPG), parallel marketers, including Reliance Industries (RIL), Nayara Energy and Total, have asked the government of India to allow them to have a level-playing field with the state-run oil marketing companies (OMCs). The companies recently met petroleum and natural gas […]

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India’s Reliance Industries shuts down its oil, gas field in Krishna Godavari basin as output declines

India’s Reliance Industries has shut down an oil and gas field in the offshore Krishna-Godavari basin after its production rates began to decline several months ago, the company said in a regulatory filing. The field yielded first oil back in 2008. Reliance has till date made 19 oil and gas discoveries in the KG basin. It is […]

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Russia’s Gazprom topples ExxonMobil to become world’s top energy firm; India’s Reliance at third spot – Platts


Russia’s Gazprom ended U.S. oil and gas giant ExxonMobil’s 12-year reign at the top of the 2017 S&P Global Platts Top 250 Global Energy Company Rankings, while India’s Reliance Industries rose to the third spot. Platts said integrated oil and gas companies were not the biggest movers up, even as they continue to make a […]

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