India’s use of crude tankers to export diesel slows in May
NEW DELHI : Indian refiners’ use of crude oil vessels to ship refined fuels such as diesel to key European markets has diminished in May after volumes neared two-year high levels last month, trade
Petronet LNG Q4 PAT rises 24% YoY to Rs 734 cr
NEW DELHI : The LNG(liquefied natural gas) importer’s consolidated net profit jumped 24.16% to Rs 734.07 crore in Q4 FY24 as compared with Rs 591.24 crore reported in Q4 FY23. During the quarter, revenue
Lower crude oil prices likely to tilt Indian imports towards Iraq and UAE
NEW DELHI : Industry sources have said that crude oil purchases in the first quarter (April-June) of 2024-25 would remain tilted towards Russia if Brent crude prices remain above $81 per barrel, officials at
India saved $25 billion by importing Russian crude oil : Ministry data
NEW DELHI : Russian crude supplies and lower international oil prices helped India to save over $25 billion worth of foreign exchange in the year ended March 31 compared to 2022-23, although it imported
Panama Canal in talks with US LNG producers to increase transit
NEW YORK : The Panama Canal is in talks with U.S. liquefied natural gas (LNG) producers on how to meet increased demand for crossings as water levels recover after a prolonged drought, the canal’s
Hydrogen ‘Fuel of Future’, vehicles will run on 100% Ethanol in coming years : Nitin Gadkari
BEGUSARAI : Hailing hydrogen as the “fuel of the future“, Union Minister Shri Nitin Gadkari on Wednesday asserted that vehicles in the country would run on green fuels in the coming years. Addressing an
SJVN sets milestone with Inauguration of First Multi-purpose Green Hydrogen Pilot Project of the Nation
NEW DELHI : SJVN Limited has achieved a significant milestone with the inauguration of India’s first Multi-purpose (Combined Heat & Power) Green Hydrogen Pilot Project at SJVN’s 1,500 MW Nathpa Jhakri Hydro Power Station (NJHPS) in Jhakri,
Russian oil and products trapped on tankers hit by new Iran-related sanctions
MOSCOW : Russian oil and products have become trapped at sea on four tankers after the United States hit the vessels with fresh Iran-related sanctions, LSEG data showed on Friday. The development shows how