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Exxon says oil and gas will still be the dominant sources of energy by 2050

Exxon says oil and gas use will remain high until the middle of this century, as the world populati…

Kelly Cloonan   


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1 min read

Russia's oil revenue has plunged as global crude prices tumble

Moscow saw oil sales drop to $1.44 billion the last week, the lowest value since January, Bloomberg…

Jennifer Sor   


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India's exports to Kuwait surged by 34.78% Y-o-Y to USD 2.1 bn

India's trade with Kuwait has surged remarkably, with Indian exports to the Gulf nation reaching an…

ANI   


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Russia is still passing $2 billion worth of its oil products to the West via middlemen, think tank says

Western countries have bought billions of dollars worth of Russian oil from Turkish refiners, a stu…

Jennifer Sor   


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Sugar stocks soar as govt permits use of sugar in ethanol production; Triveni Engineering, Dhampur Sugar rally over 7%

In December 2023, the government prohibited the use of sugarcane juice or sugar syrup for ethanol p…

PTI   


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Why AI could weigh down oil prices in the next decade, according to Goldman Sachs

The impact to supply due to the use of AI could end up outweighing any rise in demand from AI's pow…

Kelly Cloonan   


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1 min read

Impact of Renewable Energy on Oil

Impact of Renewable Energy on Oil

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US oil production just hit a record high

US oil production hit a record high of 13.4 million barrels per day last week, up from 12.6 million…

Kelly Cloonan   


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3 mins read

Capitalising on India's energy revolution: A guide for smart investors

Early investment in transformative trends often yields the highest returns, as seen with the rise o…

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2 mins read

India's oil, gas exploration offers USD 100 billion opportunity: Oil Minister Hardeep Singh Puri

Oil Minister Hardeep Singh Puri on Thursday called for stepping up oil and gas hunt to cut India's …

PTI   


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Oil prices surge as US rushes forces to the Middle East ahead of a possible attack by Iran

Oil prices are surging as Israel prepares for an attack from Iran after killing a Hamas leader in T…

Kelly Cloonan   


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Peak oil demand before 2030 will usher in a major supply glut, the International Energy Agency says

As global demand for oil plateaus this decade, heavy production will create a massive supply glut t…

Filip De Mott   


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The US will be an oil production powerhouse through at least 2026, Goldman Sachs says

The US is on track to churn out 270,000 barrels of oil a day in 2026 as the drilling boom continues…

Jennifer Sor   


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Russian oil exports drop to lowest in 7 months amid OPEC cuts and sanctions

Russian oil exports are down as the country moves to comply with OPEC production cuts and sanctions…

Kelly Cloonan   


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3 mins read

India to lead world in fuel demand growth, consumption to grow by 1.3 million barrels by 2030: IEA

India, the world's third biggest oil importer and consumer, will in the second half of the decade b…

PTI   


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OPEC+ extends major oil production cuts until 2025 to stabilise market

Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group …

ANI   


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3 mins read

Stock market closing: Nifty, Sensex close the day in red, Dr. Reddy, ONGC shine

Dr.​ Reddy (up by 2.63%), ONGC (up by 2.56%), Reliance (up by 2.18%), SBI Life (up by 1.88%) and He…

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Russia's oil and gas revenue is reportedly set to boom 50% this month

Russia's oil and gas sales are on track to reach $9.4 billion in June, Reuters estimated.

Jennifer Sor   


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Spiking oil prices helped Russia energy-tax revenue double last month

The amount of tax that Russia collected on oil and gas rose by 90% on a year-over-year basis in Mar…

Filip De Mott   


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3 mins read

India imported USD 2.8 bn worth of crude oil from Russia in July

India, the world's third largest oil consuming and importing nation, in July bought USD 2.8 billion…

PTI