Back to homepage

Tag "oil supply"

Iran to soon import Russian gas daily: Ministry

Iran to soon import Russian gas daily: Ministry

🕔13:42, 20.Sep 2022

Tehran, Sep 20 (IANS) The Iranian Oil Ministry said the country will soon purchase 9 million cubic meters of gas per day from Russia through Azerbaijan. The Ministry announced the plan in a report on monday providing details of a $40

Read Full Article
‘India diversifying its oil import sources’

‘India diversifying its oil import sources’

🕔17:37, 4.Aug 2022

Chennai, Aug 4 (IANS) India is looking at pockets of opportunities for oil overseas and its decision to invest $1.6 billion in an oil project in Brazil part of that scheme, said credit rating agency S&P. In a report, S&P, citing

Read Full Article
Oil price rises after Biden fails to secure agreement on increasing Saudi supply

Oil price rises after Biden fails to secure agreement on increasing Saudi supply

🕔16:58, 18.Jul 2022

Jeddah, July 18 (IANS) The price of crude oil rose on Monday after US President Joe Biden came away from talks in the Middle East without an agreement on raising supply, The Guardian reported. Biden had hoped to secure a promise

Read Full Article
SL President asks Putin to help buy fuel

SL President asks Putin to help buy fuel

🕔13:20, 7.Jul 2022

Colombo, July 7 (IANS) Sri Lankan President Gotabaya Rajapaksa has asked his Russian counterpart Vladimir Putin to help the cash-strapped island nation buy fuel as the country is undergoing its worst-ever economic crisis since gaining independence in 1948. Taking to Twitter

Read Full Article
Iraq seeks to raise oil production to 8 mn bpd by 2027

Iraq seeks to raise oil production to 8 mn bpd by 2027

🕔07:07, 20.Jun 2022

Iraq seeks to raise its crude oil production to 8 million barrels per day (bpd) by the end of 2027 to fulfil its commitment to export quota within the Organisation of the Petroleum Exporting Countries (OPEC), Iraqi Oil Minister Ihsan

Read Full Article
Iraq to raise daily oil output to 4.58mn barrels

Iraq to raise daily oil output to 4.58mn barrels

🕔11:28, 4.Jun 2022

Baghdad, June 4 (IANS) Iraq said that its oil production would reach 4.58 million barrels per day (bpd) in July and August. The latest increase came after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known

Read Full Article
US announces new sanctions, G7 to phase out Russian oil imports

US announces new sanctions, G7 to phase out Russian oil imports

🕔05:47, 9.May 2022

The US on Sunday announced new sanctions on Russia, targeting management consultancies and accounting services and media outlets funded directly or indirectly by the state. Also, among the new curbs, were export controls on equipment and machinery such as bulldozers.

Read Full Article
Look at Europe, not India when it comes to Russian oil: Jaishankar

Look at Europe, not India when it comes to Russian oil: Jaishankar

🕔11:38, 12.Apr 2022

External Affairs Minister S. Jaishankar has given a resounding retort to an Al-Jazeera reporter asking her to look at Europe when she said India risked sanctions for currency arrangements for energy purchases. New York, April 12 (IANS) External Affairs Minister S.

Read Full Article
Peace talks under threat: Kremlin accuses Ukraine of attacking oil facility inside Russia

Peace talks under threat: Kremlin accuses Ukraine of attacking oil facility inside Russia

🕔07:59, 2.Apr 2022

London, April 2 (IANS) Kremlin has threatened to walk out of peace talks after accusing Ukrainian helicopters of attacking an oil facility inside Russia, Daily Mail reported. Regional Governor Vyacheslav Gladkov said two of Ukraine’s military helicopters flew 25 miles undetected

Read Full Article
With crude hovering around $95-$130, fuel price hike inevitable

With crude hovering around $95-$130, fuel price hike inevitable

🕔13:06, 13.Mar 2022

Continued hostilities between Russia and Ukraine as well as rising demand is expected to keep global crude oil prices in the range of $95-$125 per barrel in the short to medium term. New Delhi, March 13 (IANS) Continued hostilities between Russia

Read Full Article
Iran ready to supply required oil for world market: Official

Iran ready to supply required oil for world market: Official

🕔12:51, 12.Mar 2022

Mohsen Khojasteh Mehr, head of the National Iranian Oil Company (NIOC), has said that his country is ready to supply the required oil for the world market and stabilise prices. Tehran, March 12 (IANS) Mohsen Khojasteh Mehr, head of the National

Read Full Article
India to step up oil exploration, production in very big way: Hardeep Puri

India to step up oil exploration, production in very big way: Hardeep Puri

🕔19:23, 15.Nov 2021

Abu Dhabi, Nov 15 (IANS) India will have “massive additional” areas for oil exploration and production by 2025, said Hardeep Singh Puri, Union Minister of Petroleum and Natural Gas, and Housing and Urban Affairs, at an event here. “As far as

Read Full Article
Half the world’s fossil fuel assets will be worthless by 2036

Half the world’s fossil fuel assets will be worthless by 2036

🕔17:09, 5.Nov 2021

New Delhi, Nov 5  About half of the world’s fossil fuel assets will be worthless by 2036 under a net-zero transition, The Guardian reported. It highlights the risk of producing far more oil and gas than required for future demand,

Read Full Article