|Day's Range||2.736 - 2.736|
NEW DELHI/MUMBAI (Reuters) - India's oil ministry is pushing for a cut in excise duty on petrol and diesel in the upcoming 2018/19 budget to cushion the impact of rising oil prices on its vast consumer base, two oil ministry officials told Reuters on Monday. Prime Minister Narendra Modi, who faces elections in key states later this year, and a nationwide election in early 2019, has faced pressure over a rise in retail prices of petrol and diesel to a record level.
LONDON (Reuters) - BP's (BP.L) Singapore-based trading unit has signed a deal to buy 1.1 million tonnes of liquefied natural gas (LNG) a year for seven years from Oman LNG, after BP helped push up Omani ...
Few expect the government shutdown to last too long, but if it extends beyond a week, it could start having an effect on the economy especially at first quarter GDP.
The early price action suggests the battle this week will be between bullish investors trading the news events in anticipation of a future drop in supply and those who believe that increased U.S. production and seasonal pressures on demand will drive prices lower.
India's biggest explorer Oil and Natural Gas Corp (ONGC) (ONGC.NS) has agreed to buy the government's majority stake in state-refiner Hindustan Petroleum Corp (HPCL.NS) for 369 billion rupees ($5.78 billion or 4.17 billion pounds), ONGC said on Saturday. It will pay a premium of about 14 percent on HPCL's current market price for the 51.1 percent stake, the company said in a statement to the stock exchange. The deal is part of the government's objective to combine various public sector enterprises "to give them the capacity to bear higher risks" and create more value for shareholders, ONGC said.
The simple answer is no, but there's some good things to look for as the year unfolds that could make 2018 a solid year
Donald Trump says he saved the coal industry, but it has not recovered under his presidency and is likely to decline further in coming years, writes Rex Nutting.
Both the IEA and OPEC have increased their projections for U.S. shale production, further evidence that high oil prices are boosting the industry
Asian spot prices for liquefied natural gas (LNG) hit their highest in more than three years this week, with traders in Asia and Europe flagging temperatures in northern Asia are set to dip further as production outages curb supply. The cold wave in northern Asia - by far the world's biggest LNG-consuming region - has also opened up arbitrage opportunities for traders, attracting several LNG tankers from the United States, shipping data from Reuters showed.
Investing.com - Crude oil prices remained under pressure on Friday, as an increase in U.S. oil production offset news of another decline in U.S. inventories last week.
LONDON, Jan 19 (Reuters) - ** Malaysia's Petronas purchased a spot liquefied natural gas (LNG) cargo from the Australia Pacific (AP) export plant to replace lost output from a domestic project hit by a ...
Nearly two-thirds of U.S. coal producing states lost coal mining jobs in 2017, even as overall employment in the downtrodden sector grew modestly, according to preliminary government data obtained by Reuters. The statistics come as the administration of President Donald Trump claims credit for new jobs in the coal industry, a business he has promised to revive by rolling back Obama-era environmental regulations. Unreleased full-year coal employment data from the Mining Health and Safety Administration shows total U.S. coal mining jobs grew by 771 to 54,819 during Trump’s first year in office, led by Central Appalachian states like West Virginia, Virginia, and Pennsylvania - where coal companies have opened a handful of new mining areas.