Parliamentary panel recommended that ministry, oil marketing companies explore building more underground storage caverns in geologically suitable locations to bolster energy security.
Trump is urging Exxon Mobil, Chevron, ConocoPhillips and others to invest $100 billion to rebuild the sector. The companies themselves are cautious if not circumspect.
‘If you don’t want to go in, just let me know, because I’ve got 25 people that aren’t here today that are willing to take your place,’ Trump told executives.
US President further said the oil will be sold at market price, and proceeds will be controlled by him to ensure they benefit Americans and Venezuelans.
Remains to be seen whether US promise is more rhetoric than reality, Pakistani economist Javed Hassan tells ThePrint. He says Trump’s posts suggest desperation to get India deal.
American president did not name oil company which will lead exploration & development of Pakistan’s oil reserves. The bilateral tie has seen an uptick especially after Op Sindoor.
On 9 June, a massive fire broke out at an oil field in Assam's Baghjan. A doctor who previously worked with the company explained the incident. Read full text here:
With only 1.6 billion barrels of storage capacity available, producers will be forced to cut output soon as there’ll be no place left to put unwanted crude.
The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Land acquisition is the culprit as ever. People who throw tantrums for giving land, will only cry about oil shortage later on.
Everyone wants to eat the cake and have it.
All money for corruption and socialism, no money for strategic oil reserve.
Land acquisition is the culprit as ever. People who throw tantrums for giving land, will only cry about oil shortage later on.
Everyone wants to eat the cake and have it.