Eia

Oil jumps as slowdown in new China coronavirus cases eases fuel demand concerns; OPEC, allies recommend to increase output cuts

The US Energy Information Administration (EIA) on Tuesday cut its global oil demand growth forecast for this year by 310,000 bpd as the virus outbreak crimps oil consumption in China.

Supreme Court issues notice to Centre, CBI, five states on petition seeking investigation into illegal sand mining

SC issued notice to Centre, CBI, five states on a petition seeking investigation into alleged illegal sand mining.The five states are Tamil Nadu, Punjab, Madhya Pradesh, Andhra Pradesh and Maharashtra. Earlier a petition submitted that the court should direct Centre, states to cease all river, beach sand mining activities owing to non-implementation of Sustainable Sand Mining Management Guidelines.

Fuel prices rise after a gap of nearly three weeks as crude rates up on hopes of positive outcome in Sino-US trade talks

Crude oil prices jumped on Monday, pushed up by optimism that talks in Beijing can resolve a trade war between the United States and China, while supply cuts by major producers also supported crude.

Oil prices rise on Asian stock rally, OPEC-led cuts; crude output reduction to stabilise market

International Brent crude oil futures were at $60.86 per barrel at 0543 GMT, up 66 cents, or 1.1 percent, from their last close.

Oil price firms as OPEC, Russia likely to agree on output cuts next week; rising US supply stems gains

Despite the firmer prices, crude oil has lost almost a third in value since early October because of an emerging supply glut following a global surge in production.

Oil prices slip reversing strong gains as economic growth slowdown concerns counter tighter supplies

Oil prices fell on the back of a potential slowdown in fuel demand growth because of trade disputes between the United States and China as well as emerging market turmoil.

Madhav Gadgil, who predicted Kerala floods in 2011, says Goa is next if precautions aren't taken

Noted ecologist Madhav Gadgil has warned Goa may face the same fate as the flood-battered Kerala if it does not take precautions on the environmental front.

Centre stops Kerala dam across Siruvani river, claims TN govt

The central government has stopped Kerala from carrying on activities to build a dam across Siruvani river, the Tamil Nadu government said on Wednesday.

India's petro consumption to grow 6% next fiscal, says Moody's

The US Energy Information Administration (EIA) projects total liquid fuels consumption in the Asia Pacific to rise by 0.9 million barrels per day (bpd) in 2017 to 33.3 million bpd

Crude oil at 8-month highs above $51/bbl on lower US inventory, rising Chinese demand

Besides falling US crude inventories, the market inched higher after Chinese trade data showed that its exports fell more than expected in May, but imports beat forecasts, adding to hopes that its economy may be stabilising