Oil Prices

Oil Prices Fall on Further Rise in U.S. Drilling, Signs of Slowing Demand

Oil prices fell early on Monday, weighed down by high supplies despite an OPEC-led initiative to cut production to tighten…

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Coal Energy

Cheap Solar Could Damage Coal Industry by 2040

A new study suggests that solar energy will be more cheaper way than coal to produce electricity in most parts…

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TAPI Pipeline is Vital for Bilateral Ties: Turkmenistan Ambassador to India

The Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project is an essential element of economic cooperation, Turkmenistan’s Ambassador in New Delhi Parakhat Durdyev told Sputnik…

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Moscow

Russian Firms Should Work in US, American in Russia: Moscow

Moscow wants Russian firms to do business in the United States, and American companies to work in Russia, Minister-Counselor of the Russian Embassy in the United…

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oil-and-gas

India Could Switch to U.S. and Canadian Oil Suppliers from OPEC

May 23 – OPEC production cuts and the prospect of more expensive oil are pushing India to consider U.S. and…

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asia-oil-market

Asian Energy Firms Boost Markets on Oil Output Cut Hopes

Energy shares led a broad rally across Asian markets on Monday as oil prices were boosted by growing hopes that an OPEC-led output cut will be extended by another nine months.

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Saudi Arabia Selects 51 Firms to Bid for Solar, Wind Projects

Saudi Arabia – the world’s biggest oil exporter – is looking to cut its dependence on oil to meet the growing electricity demand.

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Earnings

ConocoPhillips Narrows Q4 Loss

ConocoPhillips on Feb. 2 released its fourth-quarter 2016 earnings report. The company significantly narrowed its loss to $35 million, or…

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oil-barrels-asia-oil

India plans to build 2 new crude oil storages

The Indian government will build two underground crude oil storages in Odisha and Rajasthan.

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asia-oil-market

Russian energy minister expects oil market to stabilize by mid-year

Oil market will stabilize by the middle of 2017 when world’s oil balances in storages will reach the 5-year average…

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India

India: All villages to be electrified by 2018, says Minister

Aiming to empower villages through a hike in MGNREGA funds, poverty alleviation and 100 percent electrification by May 2018, Finance…

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