Indian oil market outlook to 2030
The Report looks in-depth at how India’s role on the global oil market may evolve over the period through to 2030. It examines investment plans for the refining and petrochemical industry and how these
Oil
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Changing the rules of the energy game
Vladimir Radyuhin With the launch of a major oil pipeline from Eastern Siberia to the Pacific Ocean, Russia can now ship oil to not only its traditional customers in Europe but also the ever-growing energy markets in Asia.
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End petrol subsidy, says ONGC
Ajay Modi & Jyoti Mukul / New Delhi January 16, 2010, 0:32 IST Oil and Natural Gas Corporation (ONGC) is in favour of full market price parity for retail sales of petrol and partial burden sharing by consumers of diesel, LPG and kerosene. The company has also suggested a formula for sharing the burden of an increase in crude oil prices beyond $60 a barrel.
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OMCs may pare losses on govt's subsidy promise
State-run oil marketing companies (OMCs) will be able to taper their third quarter losses after the government has committed itself to a Rs 12,000-crore cash subsidy to compensate them for selling cooking fuels at government-regulated prices.
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Days of cheap energy over, warns Teri
Rashme Sehgal Jan. 21: Teri
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Cairn secures second Greenland rig
Cairn Energy
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Govt awaits Parikh report to free oil
Petrol Price May Go Up By Rs 4.7, Diesel By Rs 2.3 Within Weeks Our Bureau NEW DELHI THE government may take a decision on freeing petrol and diesel prices after the Kirit Parikh committee on rationalising fuel subsidies submits its report this week, oil minister Murli Deora said.
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Oil exploration pact signed with Hungary
NEW DELHI: India and Hungary on Tuesday inked an agreement for oil and gas exploration and decided to strengthen cooperation in the information technology (IT) sector. Both countries also agreed to work for increasing the level of trade to $1 billion by 2012.
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Parikh panel accepts ONGC subsidy formula
Proposal will bring down the burden of oil companies
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Report good, but difficult to implement: Analysts
Sanjay Jog / Mumbai February 05, 2010, 1:05 IST Analysts have said the recommendation of the Kirit Parikh committee report on fuel prices need to be implemented as a package and not partially. Yet, they also feel the recommendations are too aggressive to be implemented in the current form, given inflation concerns, implementation issues and political considerations.
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Deora discusses Parikh report in Oil companies
A day after the Kirit Parikh committee recommended freeing of auto fuel prices and increase in kerosene and LPG prices, the Union petroleum ministry called a meeting of the public sector upstream and downstream oil companies to discuss the road ahead.