United States may reduce its oil production which could lead to an annual decline in output in 2026 due to the sluggish demand and falling crude prices, according to a new analysis by S&P Global Commodity Insights.
As the U.S President Donald Trump assumed charge his pledged to increase oil production and fill the Strategic Petroleum Reserve (SPR) faces uncertainty, a report by UBS stated the road ahead for these plans is unclear.
Addressing the 118th episode of Mann Ki Baat, PM Modi said, "There is another piece of very good news from Andaman and Nicobar Islands too. Virgin coconut oil in Nicobar district has recently received the GI Tag. After the GI Tag, another new initiative has been undertaken for virgin coco
The US sanctions impose restrictions on two major Russian oil producers--Gazprom Neft and Surgutneftegaz--as well as 157 tankers, insurance companies, oilfield service providers, and traders.
After the Donald Trump's re-election as the U.S. President, Trump 2.0 is likely to see some reduction in global wars, lesser geo political uncertainty and stable crude prices, according to a report by by stockbroking firm Prabhudas Lilladher.
Mumbai (Maharashtra) [India], October 9: Phoenix Overseas Limited a NSE Emerge listed company announces that its associate company M/S. BCL Bio Energy Private Limited has started production Crude Edible Oils like Crude Rice Bran Oil; Crude Mustard Oil and De- oiled Cakes at its Solvent Extra
Israel will unleash a "significant retaliation" within days in response to Tuesday's massive missile attack which may target Iran's oil production facilities as well as other strategic locations, Israeli officials told Axios, as the fresh crisis unfolds in West Asia.
New Delhi [India], July 19: In a world grappling with the twin crises of climate change and dwindling fossil fuel reserves, SRM University-AP's Net Zero Lab has made a landmark contribution to sustainable energy innovation. The lab's newly patented system, encapsulated by Patent No. 537715,
The combined Index of Eight Core Industries (ICI) increased by 6.3 per cent in May, 2024 as compared to last year, said the Ministry of Commerce and Industry on Friday.
The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, revealed that they would continue to enforce substantial oil production cuts totalling 5.86 million bpd.
Faced with slow demand growth, high interest rates, and the rise in U.S. oil production, the group aims to support oil prices by managing supply tightly.