Page 45 - Analysis Cell News Today

Spread the love ASIA: U.S. Trade Representative Katherine Tai said on Wednesday she expects to engage “in the near term” with Chinese officials to assess their implementation of the “Phase 1” trade deal between the two countries, with the outcome to influence the fate of Washington’s punitive tariffs on Beijing. Tai told that she respects the need for continuity in U.S.-China trade policy, including the two-year trade deal implemented last year by the Trump administration. India’s o...

India’s March crude imports edge up but pandemic concerns loom India’s oil imports in March rose from the previous month, buoyed by an upturn in economic activity that could take a knock again because of renewed lockdowns in the world’s third-largest crude importer. Crude imports rose 7.3% from February to 18.26 million tonnes, data on the website of the Petroleum Planning and Analysis Cell (PPAC) showed, although imports were still down about 6.5% year on year. Louise Dickson, oil market...

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Synopsis Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministrys Petroleum Planning and Analysis Cell (PPAC). A company official said the lower than targeted Capex was because of project implementations getting delayed. Oil and gas producer ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 relat...

India’s gasoline demand to stall as COVID-19 cases surge to record highs India’s strong rebound in domestic gasoline consumption will likely hit a roadblock in the near term, amid fresh lockdowns in several states as the country fights a renewed battle against COVID-19. New lockdowns have been imposed in several states across India, with the largest restriction placed on Maharashtra from April 14 until May 1, affecting approximately 125 million people in the state. Maharashtra’s capital c...

Oil and gas producer ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed. Oil and Natural Gas Corporation (ONGC) had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended up spending only Rs 26,441 crore, according to the report of the oil ministrys Petroleum Planning and Analysis Cel...

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Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now New lockdowns have been imposed in several states across India, with the largest restriction placed on Maharashtra from April 14 until May 1, affecting approximately 125 million people in the state. Maharashtras capital city of Mumbai in Southwestern India has seen driving activity -- a proxy for gasoline demand -- plummet to 70% below baseline levels as of April 10, the lowest sin...

3 days Houthis Claim Drone Attack On Saudi Aramco Oil Facility 3 days Two-Thirds Of Americans Are Interested In Electric Vehicles 3 days Venezuela Ups Domestic Oil Refining, Hurting Crude Exports 4 days Refiner Valero: U.S. Renewable Diesel Stocks Are Running Low 4 days China Pledges To Start Cutting Coal Consumption In 2026-2030 4 days Africa’s Largest Oil Producer Loses $29B Per Year On Power Out...

Domestic crude production down 5 per cent in FY21 April 20, 2021 × During the same period, the domestic production of natural gas too declined by 8.06 per cent. The domestic production of crude oil during the just-concluded financial year fell by 5.22 per cent on a year-on-year basis to 30.5 million tonnes. For the financial year ended March 31, 2021, the domestic production of natural gas declined by 8.06 per cent to 28.7 billion cubic metre, according to the Ministry of Petroleum and Natura...