gas prices

The Federal Reserve reinforced its fight against high inflation Wednesday by raising its key interest rate by a quarter-point to the highest level in 16 years. But the Fed also signaled that it may now pause the streak of 10 rate hikes that…

…

Descrease article font size Increase article font size The global oil and gas industry’s profits in 2022 jumped to some US$4 trillion from an average of $1.5 trillion in recent…

Russia announced Friday that will cut oil production by 500,000 barrels per day next month after western countries capped the price of its crude over its action in Ukraine. “As of today, we fully sell all our crude output, but as we…

<!-- -->Short-term contracts helped in improving gas cost, Adani Total Gas said. (File)Bengaluru:  Adani Total Gas reported a 17.2% rise in quarterly profit on Thursday on price hikes and short-term contracts, and the company said it…

COPING WITH SOARING UTILITY BILLS With soaring utility bills, everyone in the country is finding ways to cut energy consumption and save money. The UK government launched an £18 million (US$22 million) advertising campaign to inform the…

Rising gas prices have constrained CNG penetration in commercial vehicles to 9-10 per cent in the current fiscal from peaks of 16 per cent, Icra Ratings said on Friday.A spurt in global energy prices has led to a 70 per cent jump in the…

The price cap on Russian oil exports to be imposed by G7 countries and Australia next month will apply only to seaborne cargoes through the first landed sale and will exclude shipping and trading costs, a coalition official said on…

Canadians wanting cheaper gas prices will see less oil on the marketplace next month thanks to a significant production cut by an alliance of oil-exporting nations. In November, OPEC+ will slash its global output by two million…

U.S. President Joe Biden will announce the release of 15 million barrels of oil from the U.S. strategic reserve Wednesday as part of a response to recent production cuts announced by OPEC+ nations, and he will say more oil sales are…