MCMINIS
What is natural gas pipeline tariff?
In India, Petroleum and Natural Gas Regulatory Board (PNGRB) regulates the pipeline tariff.
BUSINESS
Russian oil exports in March soared to the highest since April 2020: IEA
IEA highlighted that Russia’s estimated oil export revenues rebounded by $1 billion to $12.7 billion.
BUSINESS
McExplains: How your fuel prices are dictated by international crude oil prices?
India imports a majority of its crude oil requirements from Middle-Eastern countries, Saudi Arabia and Iraq. Now lately, Russia has joined the fray.
BUSINESS
World oil demand to grow at 2.3 million barrels per day in 2023: OPEC
Oil demand in India for 2023 will be driven by air travel recovery, supported by healthy mobility and steady industrial activity, said Organisation of Petroleum Exporting Countries (OPEC).
BUSINESS
GAIL Gas reduces domestic PNG, CNG prices
GAIL cut domestic PNG prices by Rs 7 per SCM (standard cubic meter) in Bengaluru and Dakshin Kannada and Rs 6 per SCM in all its other geographical areas.
BUSINESS
Russia stays India's top crude supplier with 1.64 million barrels shipped daily in March
Russia has become a major source of crude oil to India after Moscow sent troops into Ukraine in February 2022.
BUSINESS
Windfall tax on crude oil to increase in next revision, analysts say
OPEC + announced oil production cuts for the rest of 2023. International crude prices have again risen to around $85 per barrel since
BUSINESS
Eighth oil exploration round sees muted participation from private players amid green economy push
The uncertainty around the outlook for crude oil and natural gas prices is one of the major factors responsible for this lacklustre response.
BUSINESS
Indian Oil reports crude throughput of 72.4 MMT in FY23
Capital expenditure of India’s biggest oil marketing company stood at Rs 35,205 crore, which is 123 percent of the allotted target, in FY23.
BUSINESS
Numaligarh Refinery records highest-ever crude throughput
The refinery posted crude throughput of 3.093 million metric tonnes (MMT) against its nameplate capacity of 3.0 MMT in the financial year 2022-23.
BUSINESS
MC Explains: What’s behind the OPEC+ supply cut that may lift oil prices to $100 per barrel?
A surprise supply cut by the oil cartel comes amid the banking crisis and after it had assured to maintain oil production.
BUSINESS
New unified natural gas pipeline tariff neutral for owners, a mixed bag for distributors
Some gas distributors have indicated that they will pass on any increase in costs to their consumers.
BUSINESS
PNGRB approves unified tariff for natural gas pipeline
Petroleum and Natural Gas Regulatory Board approved levelised unified tariff for natural gas pipeline of Rs 73.93 per metric million British thermal unit (MMBtu).
BUSINESS
GAIL, PLNG to gain from higher domestic LNG demand
Higher demand should drive a volume recovery in the fourth quarter for gas players such as GSPL, PLNG and GAIL, said CLSA.
BUSINESS
Surplus sugar, wheat can be used for ethanol production, says Nitin Gadkari
India has a surplus of sugar, corn and wheat, which can be used for making ethanol, the road transport and highways minister said at the first edition of Moneycontrol Policy Next—The Rs 10 Trillion Infra Push summit
BUSINESS
What is 3G ethanol?
OMCs are working on setting up plants
BUSINESS
GAIL earnings estimates increased by analysts after pipeline tariff hike
The company’s integrated natural gas pipeline tariff will increase 45 percent from April 1.
BUSINESS
ASRTU to felicitate bus drivers for ensuring safety, preventing accidents
The felicitation, which is scheduled on April 18, will be attended by Union Minister for Road Transport and Highways Nitin Gadkari.
BUSINESS
GAIL to implement integrated natural gas pipeline tariff of Rs 58.61/mmBtu
The new tariff, which is 45 percent higher than the current rate, to come into effect on April 1, 2023.
BUSINESS
Shares of city gas distributors surge as spot LNG prices drop
CGD players Indraprastha Gas, Mahanagar Gas and Gujarat Gas ended the day with gains of 3.07 percent, 1.45 percent and 1.55 percent, respectively.
BUSINESS
Lower crude oil prices aided by global banking turmoil to benefit OMCs
Analysts said the decline in crude oil prices would translate into better marketing margins for the oil marketers.
BUSINESS
Explained: Factors behind the recent drop in crude oil prices
With the collapse of big global banks, the crude oil prices fell to $72 per barrel this week.
BUSINESS
BPCL appoints G Krishnakumar as Chairman and Managing Director
ACC approved the appointment of Krishnakumar as CMD, who is currently the Executive Director of the oil giant.
BUSINESS
Russian oil exports fall in February after EU embargo: IEA
Oil exports by Russia fell by 500,000 barrels per day to 7.5 million bpd in February as the EU embargo kicked in on February 5.
