Latest Oil and gas industry News & Updates

New Delhi, June 6 (IANS) India and Venezuela are exploring ways to deepen energy cooperation as both countries seek to leverage changing global oil market dynamics and strengthen long-term engagement in the hydrocarbon sector, a report has said.A report by Modern Diplomacy highlighted that Union Minister for Petroleum and Natural Gas Hardeep Singh Puri told Venezuelan Interim President Delcy Rodriguez that Indian companies are willing to expand their participation in Venezuela’s oil and gas in…

Phnom Penh, April 18 (IANS) Retail fuel prices in Cambodia have dropped further after Iran declared the opening of the Strait of Hormuz, the Ministry of Commerce said. In an announcement late on Friday (local time), the ministry said a litre of regular gasoline is now priced at 4,950 riels (1.24 US dollars) from this Saturday until the next notice, down 2.9 per cent from 5,100 riels (1.28 dollars) in the last three days.Diesel now costs 5,700 riels (1.42 dollars) per litre, down 10.9 per cent, t…