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India to Mandate at least 20% ethanol blend in Petrol

In an attempt for quicker adoption of BS-VI emission norms, India is likely to mandate blending of petrol with at least 20 percentage of ethanol. The BS-VI emission norms will allow more alterna... Read More

Oct/2019

Rise in Oil Price over OPEC’s decision on crude oil supply for 2020

Oil prices rose on Thursday even though Organization of the Petroleum Exporting Countries (OPEC) is yet to decide in December on the oil output for 2020. This rise in price has been due to produ... Read More

Oct/2019

Reliance postpones bidding on new KG-D6 gas on November 6.

Reliance has postponed the bidding event organized for new KG-D6 gas plant from October 11 to November 6 on the requests from certain bidders. The new gas will be produced from KG-D6 plant in th... Read More

Oct/2019

Energy Information Administration forecasts a downward adjustment in the oil prices in the second quarter of 2020

EIA has forecast that the oil prices will decrease in the second quarter of 2020. It is expected to decrease to $57 per barrel from $63 per barrel in September. The reason for these estimates is... Read More

Oct/2019

Domestic Natural Gas Price Following Trend in International Market

The Petroleum Planning and Analysis Cell (PPAC) has revised the domestic natural gas price which decreased by almost 12.5% following a similar trend in the international market. Price cap for ga... Read More

Oct/2019

SIBUR and SINOPEC Sign Agreement on Petrochemical Business

SIBUR Holding and China Petroleum & Chemical Corporation (SINOPEC) signed a Memorandum of Understanding (MoU) outlining the details of strategic partnership between the two MNCs in China, Ru... Read More

Jul/2019