- Thursday
- May 16th, 2024
- Submit Post
[ad_1] Crude oil futures traded higher on Tuesday morning as the market expressed concerns over the potential impact of Canadian wildfires on crude oil supplies. At 9.52 am on Tuesday, July Brent oil futures were at $83.48, up by 0.14...
[ad_1] Natural gas consumption in India is expected to grow by 7 per cent y-o-y to 64.35 billion cubic meters (BCM) in the current calendar year aided by lower prices and rising demand from power and industrial sectors.Also read:Indian Gas...
[ad_1] Indian Gas Exchange (IGX) said on Wednesday that it has launched contracts of small-scale liquefied natural gas (ssLNG) on its platform after it received approval from the Petroleum and Natural Gas Regulatory Board (PNGRB).This move marks a significant step...
[ad_1] Built along a stretch of salt flats in southern India, the Tuticorin power plant epitomises a quagmire for the world’s fastest-growing major economy: how to provide reliable energy to 1.4 billion people.Also read:India’s thermal coal imports climb to a...
[ad_1] The government has directed companies to operate underutilised gas-based power plants in May, June and extend operations of imported coal-based plants until October 15 to meet anticipated high demand for electricity, as per two government orders.Also read:Natural gas futures...
[ad_1] Southern Petrochemical Industries Corporation Ltd. (SPIC) has announced that it has completely transitioned to 100 per cent natural gas as a raw material source for the production of Urea. This will lower the final cost of fertilizer production. Feedstock...
[ad_1] Eight core industries’ output growth hit a three-month high of 6.7 per cent in February 2024, reversing a slowing growth trend seen in January 2024 and December 2023 at 4.1 per cent and 4.9 per cent, respectively.Also, cumulative growth...
[ad_1] India’s liquefied natural gas (LNG) imports are expected to remain range-bound for the next two years, beginning FY25, on account of growing production of natural gas in the country, ratings agency CareEdge said. India is envisaged to have a...