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3 mins read
Govt approves 20% premium for gas from new wells for ONGC
Gas produced from legacy or fields given to state-owned Oil and Natural Gas Corporation (ONGC) a…
PTI
2 mins read
Vedanta Q1 profit surges 37% to ₹3,606 crore on improved margins
Income rose to Rs 36,698 crore over Rs 34,279 crore in the year-ago period, according to an exc…
PTI
2 mins read
India's biggest LNG importer posts record profit in Q3 at Rs 1,190 cr
Petronet LNG Ltd, India's biggest Liquefied Natural Gas (LNG) importer, posted a record third quart…
PTI
4 mins read
After record profits, state-owned fuel retailers Indian Oil, BPCL and HPCL see profit slump in Q1
IOC, BPCL and HPCL posted up to 90 per cent slump in their June quarter earnings as margins fell an…
PTI
1 min read
Wholesale inflation rose for fourth straight month in June to 3.36%, owing to rising vegetable and food prices
Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent o…
PTI
1 min read
Natural gas prices sink after blistering rally as Vladimir Putin hints at supply surge
Natural gas prices soared earlier on Wednesday before dramatically tumbling following the statement…
Isabelle Lee
2 mins read
Surging natural gas prices trigger hundred of millions of dollars in margin calls, report says
European natural gas prices have surged by nearly 400% this year, spurred by low inventories and de…
Carla Mozée
1 min read
Natural gas price increase negative for GAIL, IGL, marginal beneficiary is RIL: Jefferies
In a report, Jefferies said the CNG players have limited room to increase the prices given worse…
1 min read
Gasoline prices fall as weakening demand sends refining margins crashing
Gas prices were at $3.575 a gallon on Wednesday, according to AAA, down from $3.584 a day ago and $…
Aruni Soni
4 mins read
Bengaluru's residential real estate market soars as prices shoot up by 32% year on year
Bengaluru's real estate rose 32% to INR 7,800/sq. ft. by H1 2024, driven by premium launches (32,50…
5 mins read
Wendy's CEO got ripped for pushing dynamic pricing. It could be coming to a store near you.
From Wendy's to Walmart, big companies are testing new pricing strategies they say will give you di…
Ayelet Sheffey
4 mins read
Airlines got too confident, and now they are paying the price despite record-breaking travel
Airlines added too much capacity amid confidence in soaring demand. Boeing, high costs, and fewer h…
Taylor Rains
2 mins read
ONGC discovers oil and gas reserves in Mumbai offshore, calls it momentous achievement
State run Oil and Natural Gas Corporation (ONGC) said on Thursday that it has discovered oil and ga…
2 mins read
Europe should be prepared for Russia to totally cut all natural gas supplies this winter, IEA chief says
Russia could cut natural gas flows even more, just as Europe tries to build up some inventory ahead…
Zahra Tayeb
3 mins read
Adani Total Gas reports 8% rise in FY23 net profit to ₹546 crore, announces plans to expand EV charging points to 3,000
Adani Total Gas on Tuesday reported an 8% rise in its FY23 net profit to ₹546 crore even as its net…
1 min read
Natural gas prices fall to 25-month low as key Texas LNG facility looks to restart exports
Freeport LNG asked federal regulators to bring a Texas export hub back online, according to a filin…
Brian Evans
3 mins read
Reliance seeks $12.75 for CBM gas, ONGC wants $9.35
Reliance is seeking a minimum USD 12.75 per million British thermal unit for coal bed methane (CBM)…
PTI
2 mins read
Windfall tax on diesel export hiked to ₹1 per litre
The government has hiked the windfall profit tax on export of diesel to ₹1 per litre while the levy…
PTI
2 mins read
Here's why oil prices aren't coming down anytime soon — and why OPEC can't stop the climb
"OPEC+ may be talking about higher production, but the likelihood of those barrels hitting the mark…
Phil Rosen
3 mins read
The US will emerge as the world's largest natural-gas exporter this year, a top energy market historian says
"The longer the war goes on, the more Russia has been separated from the global economy," S&P Globa…