Mar 24, 2017 at 16:12 | Source: Reuters
The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows.
Mar 08, 2017 at 13:54 | Source: Moneycontrol.com
According to Achiievers Equities,Crude oil gained after Saudi Arabia's oil minister gave mixed messages on future OPEC production cuts.
Mar 08, 2017 at 08:02 | Source: Reuters
Suhail bin Mohammed al-Mazrouei told Reuters on the sidelines of the CERAWeek conference in Houston that the OPEC member cut more production last month than it did in January as it phases in compliance with a historic agreement to bring supplies closer to demand.
Mar 08, 2017 at 08:00 | Source: Reuters
Iraq's baseline for the cut was 4.56 million bpd of crude. OPEC's compliance with the agreement rose to 94 percent at the end of February versus 82 percent in January, according to a Reuters survey.
Mar 08, 2017 at 07:59 | Source: Reuters
The kingdom led a pact between the Organization of the Petroleum Exporting Countries and other major producers, such as Russia and Kazakhstan, to cut global crude output by about 1.8 million barrels per day from Jan. 1, and bring supply closer to demand.
Mar 07, 2017 at 14:08 | Source: PTI
The world's third-largest oil consumer will conduct auction of oil and gas blocks under the Open Acreage Licensing Policy (OALP) twice a year, with the first round being held in July this year, Oil Minister Dharmendra Pradhan said here at the influential CERAWeek conference.
Mar 07, 2017 at 11:00 | Source: PTI
India, which in the coming years would emerge as the largest energy consumer of the world accounting for nearly one-third, is open to investment in the US, subject to a good deal, Pradhan said.
Mar 07, 2017 at 09:20 | Source: PTI
Christened "Hydrocarbon Exploration Licensing Policy" or HELP, the new policy also gives the investors the much needed freedom in pricing and marketing for crude oil and natural gas.
Mar 07, 2017 at 08:38 | Source: CNBC
Just before the minister addressed media, Fatih Birol, International Energy Agency executive director, told reporters that India and China would be responsible for about half of oil demand growth. He said India has just become first in oil demand growth, but not yet natural gas.
Mar 07, 2017 at 08:30 | Source: Reuters
"It's very premature to be talking about any changes," Oil Minister Jabar Ali al-Luaibi said at an energy conference in Houston. "It will depend on oil prices and market stability. If OPEC decides cuts, then Iraq will cut."