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Oil Price
Petrol, Diesel Price Increase on Wait-and-Watch Mode; CNG Rates Hiked
CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase in petrol and diesel price has been pu…
Oil Price
Goldman Sachs ups 2022 Brent Crude Oil Spot Price Forecast to $135/bbl
Goldman Sachs Research has raised its 2022 & 2023 Brent spot price forecast to $135/bbl & $115/bbl, up from $98 and $105/bbl respectively amid geopolitical tens…
Oil Price
Oil Companies to Determine Fuel Prices: Hardeep Singh Puri
Amid the Russia-Ukraine war, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri on Tuesday said oil companies will determine the fuel prices, even …
Carbon Emissions
Global Energy-Related Carbon Emissions Reach Highest Level Yet in 2021, IEA Says
Coal accounted for 40% of the carbon dioxide emissions last year.
Oil Price
No Need to Panic. Oil Prices Could Drop to $100 a Barrel in Two Weeks
The current oil surge wouldn’t last and prices are likely to drop to $100 per barrel within two weeks, Bharat Petroleum Corp (BPCL) chairman has said
Natural Gas
US Off-Target to Reach Biden Decarbonisation Goals Despite Wind and Solar Boom
Despite rapid growth of renewables plant construction across America, nation will still be relying on coal and natural gas for 44% of power generation in 2050, …
Natural Gas
How the EU Plans to Cut Dependence on Russian Gas by Two-Thirds This Year
The European Union announced Tuesday it will reduce its purchases of Russian gas by two-thirds before the end of the year, in response to the country’s invasio…
Crude Oil
U.S. Sanctions on Russian Oil to Leave More Cargoes at Sea with No Buyers
The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers.
Gas Turbine
GE Turbines Will Power New 2-GW Gas-Fired Plant in China
A new 2-GW natural gas-fired power plant in China, being built to support the coming retirement of a large regional coal-fired complex, will feature three GE 9H…
Natural Gas
Russian Gas Continues to Flow into Europe on Main Pipeline Routes
Russian gas delivered through the Yamal-Europe pipeline via Poland was flowing westward into Germany on Tuesday morning, and flows into Slovakia via Ukraine rem…
Hydrogen Storage
RWE to Develop Brand New German Hydrogen Storage Facility by 2027
A brand-new initiative is set to be developed in Gronau, Germany, as RWE Gas Storage West looks to develop a hydrogen storage facility by 2027.
Wind Farm
Renewable Power Capital 10-Year Wind Energy Deal with Gasum Builds Renewable Investment Momentum in Finland
Gasum has signed a ten-year power purchase agreement with Renewable Power Capital (RPC) to buy the majority of the output from the 44MW Rustari onshore wind far…
Natural Gas
Germany Says It Won't Stop Buying Russian Energy Despite Moscow’s War in Ukraine
Germany will continue to buy natural gas, oil and coal from Russia despite Vladimir Putin’s aggression against Ukraine, the government in Berlin said Monday.
Oil Price
Petrol, Diesel Price Hikes may Restart from Next Week
Petrol and diesel price hikes are likely to resume after state elections get over next week. This is to bridge the Rs 9 a litre gap created by international oil…
Oil Price
Russia Warns West of $300 per Barrel Oil, Cuts in EU Gas Supply
Western countries could face oil prices of over $300 per barrel and the possible closure of the main Russia-Germany gas pipeline if governments follow through o…
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