Latest News for: Oil ministry

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Petrol, diesel prices hiked for fourth consecutive day

Deccan Chronicle 23 Oct 2021
On Monday, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries. "As crude oil prices rise internationally, the petroleum ministry ...
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Petrol, diesel prices today: Fuel prices hiked for fourth consecutive day - Check city-wise rates here

DNA India 23 Oct 2021
On Monday, a source told ANI that the Ministry of Petroleum and Natural Gas recently raised concerns about the matter of pricing, supply and demand of oils to the major oil-producing countries. "As crude oil prices rise internationally, the petroleum ministry has called on ...
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MPIC requests CPOPC to intensify efforts to fight negative campaigns towards palm oil

Malaysian National News Agency 23 Oct 2021
KUALA LUMPUR, Oct 22 -- The Ministry of Plantation Industries and Commodities (MPIC) has requested the Council of Palm Oil Producing Countries (CPOPC) to intensify ...
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Saudi Arabia eyes 2060 for timeline to achieve net zero emissions

The Hill 23 Oct 2021
According to the BBC, which obtained the leaked documents, "phrases like 'the need for urgent and accelerated mitigation actions at all scales' should be eliminated from the report" — a submission gleaned from a Saudi oil ministry adviser.
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Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells

Bitcoin 22 Oct 2021
Ministries and Central Bank Review Crypto Mining Project by Russian Oil Industry ... Kommersant also quotes a source close to the Ministry of Industry who revealed that one of the large Russian oil companies already has a crypto mining project underway and would like to scale it up.
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Russian Authorities Consider Proposed Crypto Mining Project Using Associated Petroleum Gas

Bitcoinist 22 Oct 2021
The Ministry of Industry and Trade told Kommersant that the initiative came from market participants – local oil and gas companies ... It is a liability for oil-drilling companies ... A source close to the Ministry of Industry and Trade said that the proposal actually came from “one of the large Russian oil companies,”.
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FinMin announces repayment of oil bonds worth ₹5,000 cr

Business Line 22 Oct 2021
The Finance Ministry has announced payment of ₹5,000 crore for oil bonds issued during 2005 and 2010 in lieu of selling oil product below the cost. “The outstanding balance of ‘7.75% OMC GoI Special Bonds 2021’ is repayable at par on November 26, 2021,” the Ministry said in a statement.
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‘Cruel joke on citizens by Centre’: Rahul Gandhi’s jibe on rising fuel prices

Hindustan Times 22 Oct 2021
According to news agency ANI, the Ministry of Petroleum and Natural Gas has raised concerns over rising prices of crude oil, supply and demand of oils to the major oil-producing countries. “As crude oil prices rise internationally, the petroleum ministry has called on the energy ...
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Prices of pulses, edible oil come to come down from February, says govt

DNA India 22 Oct 2021
In the festive season, the government has started taking strict steps to prevent inflation in the prices of pulses and edible oil in the country ... Food Ministry Secretary Sudhanshu Pandey said that due to the labour crisis in Malaysia and the diversion of edible oils for bio-fuels, there has been a jump in the international prices of edible oils.
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Unchecked high crude oil prices will have an impact on global economic recovery says Hardeep Singh Puri

Live Mint 22 Oct 2021
India’s petroleum and natural gas minister Hardeep Singh Puri on Friday said that higher crude oil prices, if not checked will have an impact on global economic recovery ... Premium Premium India’s oil production continues to falter in September ... India is dependent on imports for as much as 85% of its oil needs and 55% of its natural gas demand.
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Canadian New Stratus Energy eyes Repsol’s Ecuador blocks

Petroleum World 22 Oct 2021
Canadian independent New Stratus Energy is looking to acquire Spanish Repsol's 35pc operating stakes in two heavy oil blocks in Ecuador, but with a proposed change in contract terms ... The ministry did not immediately respond to a request for comment ... Under Ecuador's hydrocarbons law, the ministry must authorize such transfers.
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India’s oil production continues to falter in September, gas production rises

Live Mint 22 Oct 2021
Cumulative crude oil production during April-September, 2021 was 14,924.5 TMT, which is 3.68% and 2.92% lower than target for the period and production during corresponding period of last year respectively," ministry of petroleum and natural gas said in its monthly production report for September on Friday.
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Guyana’s oil revenue could total US$600M by year end – Min Bharrat

Petroleum World 22 Oct 2021
Additionally, Exxon was able to successfully appraise the Turbot-1 and 2 wells, where oil was previously found ... The Natural Resources Ministry has stated that the aforementioned payment was for 1,047,820 barrels of oil, which was extracted from the Liza Destiny Floating Production Storage and Offloading (FPSO) vessel on July 3, 2021.
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Documents: Saudi Arabia Pressing Scientists Over UN Climate Report

Kayhan 22 Oct 2021
The leak revealed that Saudi Arabia, one of the top oil producers ... According to the BBC, an adviser to the Saudi oil ministry demands “phrases like ‘the need for urgent and accelerated mitigation actions at all scales’ should be eliminated from the report”.
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Japan's Sept. core consumer prices up for 1st time in 18 months

Sina 22 Oct 2021
TOKYO, Oct ... Kerosene prices surged 20.2 percent, and gasoline prices jumped 16.5 percent, according to the Ministry of Internal Affairs and Communications. In addition, tracking crude oil prices but with a delay of three to five months, electricity bills rose 4.1 percent in September ... "Consumers may feel prices are rising ... The yen against the U.S ... .
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