Top Stories

Rise in Oil Price over OPEC’s decision on crude oil supply for 2020
  • 10-Oct-2019 11:36 AM
  • Journalist: Patrick Knight

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

Reliance postpones bidding on new KG-D6 gas on November 6.
  • 11-Oct-2019 06:00 AM
  • Journalist: Patrick Knight

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

Energy Information Administration forecasts a downward adjustment in the oil prices in the second quarter of 2020
  • 08-Oct-2019 12:00 PM
  • Journalist: Patrick Knight

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

Domestic Natural Gas Price Following Trend in International Market
  • 01-Oct-2019 01:00 PM
  • Journalist: Patrick Knight

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