The Organization of Petroleum Exporting Countries (OPEC’s) crude oil production remained steady, even as some of their members stalled on delivering agreed cutbacks. OPECs delivered 26.86 million barrels of crude a day in March, which is hardly any change from the previous month, according to the survey conducted by Bloomberg.  OPEC has entered into the new accord which is aimed[Read More…]

India’s Gross Goods and Services Tax (GST) revenue for March 2024 witnessed the second-highest collection ever at Rs 1.78 lakh crore. With an 11.5 per cent year-on-year growth. This surge is driven by a significant rise in GST collection from domestic transactions at 17.6 per cent. GST revenue net of refunds for March 2024 is Rs 1.65 lakh crore which[Read More…]

Price-sensitive liquefied natural gas buyers from China, India, and parts of Southeast Asia are snapping up more spot shipments of the fuel to power industries and generate electricity after prices have fallen to the lowest level in nearly three years. The price-led demand revival could push LNG imports by the world’s top buyer China beyond its record volume of 78.8[Read More…]

  To bring Bihar on India’s oil map, Oil and Natural Gas Corp (ONGC) is planning to explore oil and gas in the land-locked state. ONGC plans to drill two wells in the state, of which the first is scheduled this year itself. If successful, this could bring Bihar not only on India’s oil map but also pave the way[Read More…]