APN News

  • Wednesday, April, 2024| Today's Market | Current Time: 05:39:14

    • Oil & Natural Gas

    Oil creeps above USD 72 after big fall on weak demand

    Oil prices rose slightly to above USD 72 a barrel on Wednesday in Asia after a steep drop the previous day amid evidence that US crude supplies remain high and demand weak. Benchmark crude for October delivery was up 34 cents to USD 72.26 a barrel at midday Singapore time in electronic trading on the […]

    Oil & Natural Gas

    Oil prices up in Asian trade

    Oil was higher in Asian trade on Thursday, as a weaker dollar helped prices shrug off a massive increase in US crude reserves, analysts said.  New York’s main contract, light sweet crude for delivery in October, climbed 27 cents to USD 72.79 a barrel.  Brent North Sea crude for October delivery rose 37 cents to […]

    Oil & Natural Gas

    Oil edges higher in Asia

    Oil recovered in Asian trade Wednesday but prices remained under USD 72 amid worries about the fragile US economy, analysts said.  New York’s main contract, light sweet crude for October delivery, gained 24 cents to USD 71.87.  The contract closed Tuesday at USD 71.63, its lowest since 7th June. Brent North Sea crude for October […]

    International Oil & Natural Gas

    Iran inaugurates new cross-country gas pipeline

    Iran has operationalised the first phase of the proposed Iran-Pakistan gas pipeline, a USD 1.7 billion project from which India has backtracked. The project, which is Iran’s 7th cross-country gas venture is regarded as the first phase of the proposed Iran-Pakistan gas pipeline. The pipeline, which extends 902 kilometers from Assalouyeh in the southwest of […]

    Oil & Natural Gas

    Oil prices fall in Asian trade

    Crude prices were down in Asia on Tuesday as analysts said losses in equities markets compounded fears over weak oil fundamentals amid ongoing concerns about the global economy. New York’s main contract, light sweet crude for delivery in October, fell 35 cents to USD 72.75 a barrel. London’s Brent North Sea crude for October slipped […]

    Oil & Natural Gas

    NTPC to be compensated for cancellation of 600MW proj: Shinde

    Power Minister Sushil Kumar Shinde has said that NTPC would be duly compensated for the cancellation of its 600 MW hydro-power project at Loharinag Pala in Uttarakhand. “So far NTPC has incurred about Rs 600 crore on the project and has placed order worth Rs 2,000 crore for the equipment. We have got an assurance […]

    Oil & Natural Gas

    ONGC-OIL-GAIL may bid to counter Vedanta’s offer for Cairn

    State-owned ONGC, OIL and GAIL may make a joint bid to counter Vedanta Resources’ USD 8.48 bn offer for majority stake in Cairn India, and have already got USD 10 bn in loan commitments from international banks for the move. Oil Ministry is believed to be uncomfortable with billionaire Anil Agarwal-owned Vedanta Group buying 51-60 […]

    Oil & Natural Gas

    Mexico’s Oil Giant Reports Oil Output 1 pct Higher in June

    Mexico’s state-run oil company Petroleos Mexicanos (Pemex) said Friday its output raised by 1 percent in June, bringing its monthly crude output to nearly 2.6 million barrels per day (bpd). Until June, Mexico’s oil production had shrunk every month this year. It has been on decline since peaking at nearly 3.5 million bdp in October, […]

    Oil & Natural Gas

    Oil prices rebound in Asian trade

    Oil prices rebounded in Asian trade on Friday  on hopes the Japanese government would ease monetary policy to stimulate its economy, analysts said. New York’s main contract, light sweet crude for delivery in September, was up 14 cents to 74.57 dollars a barrel in morning trade. Brent North Sea crude for October delivery advanced 24 […]

    Oil & Natural Gas

    Asian Oil trade down

    Oil prices were lower in early Asian trade on Thursday as US crude stockpiles remained at record levels, indicating weak energy demand in the world’s biggest economy. New York’s main contract, light sweet crude for delivery in September, fell nine cents to USD 75.33 a barrel. Brent North Sea crude for October delivery slipped six […]

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