Crude oil futures down on US economic numbers
Crude oil futures traded lower on Friday morning following a strong US economic data and hawkish remarks from Fed Reserve officials over the interest rate to control inflation in that country. At 10.02 am on Friday, April Brent oil futures were at $84.34, down by 0.94 per cent, while March crude oil futures on WTI […]
Reliance seeks $12.75 for CBM gas, ONGC wants $9.35
Billionaire Mukesh Ambani’s Reliance Industries Ltd and state-owned Oil and Natural Gas Corporation (ONGC) are separately auctioning natural gas extracted from coal seams at prices linked to Brent crude oil price.Reliance is seeking a minimum $12.75 per million British thermal unit for coal bed methane (CBM) from a block in Shahdol district of Madhya Pradesh, […]