Asian spot prices for liquefied natural gas (LNG) sank this week as the coronavirus pandemic further dampened demand, prompting buyers to push back cargo deliveries. The average LNG price for June delivery into northeast Asia LNG-AS was estimated at around $2.30 per MMBtu on Friday (April 17), $0.20 per...
According to a report by the oil ministry natural gas production by Indian E&P players had been impacted in March on account of decreased production in response to less off take by consumers New Delhi: The ongoing Covid-19 pandemic has dented the demand of petroleum products in India and...
Oil producers are required to pay a 20 per cent oil cess on the price of crude as well as a royalty of 10-12.5 per cent for offshore production of oil. Upstream oil and gas companies are seeking reliefs on taxes and levies from the government as the fall...
Indian Oil Corporation Ltd., the nation’s largest fuel retailer, expects the consumption of petroleum products to decline 40 percent in the first quarter of financial year 2020-21 due to a nationwide lockdown.The demand for aviation turbine fuel, petrol and diesel is down 30-40 percent, of which jet fuel is...
For the first time in more than a decade, U.S. natural gas is set to be the world’s most expensive as Covid-19 lockdowns wallop demand in other regions. Gas futures in the U.S. have rallied about 10% this month as traders bet that a historic crash in oil prices...
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