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where OP is the annual average Brent crude price for the previous FY, with a cap of $60 per barrel and a floor of $25 per barrel. [10] As the annual Brent price has always been above $60 from 2007 to 2014, the revised gas price at $5.61 during the year 2014 is in excess of the applicable maximum price by nearly 20%.
Indian Basket price vs Brent and Dubai (Apr 2000 to Apr 2020). Indian Basket (IB), also known as Indian Crude Basket, is weighted average of Dubai and Oman and the Brent Crude crude oil prices. It is used as an indicator of the price of crude imports in India and Government of India watches the index when examining domestic price issues. [1]
LPG cylinders in India Liquefied petroleum gas tank on a rural farm. Predominantly in Europe and rural parts of many countries, LPG can provide an alternative to electric heating, heating oil, or kerosene. LPG is most often used in areas that do not have direct access to piped natural gas. In the UK about 200,000 households use LPG for heating.
Saudi Aramco plans to cut capital spending to between $25 billion and $30 billion in fiscal year 2020, down from $32.8 billion a year ago.
The oil prices were seen rising to hit $71.38 per barrel in March 2021, marking the highest since the beginning of the pandemic in January 2020. [116] The oil price rise followed a missile drone attack on Saudi Arabia's Aramco oil facility by Yemen’s Houthi rebels. [117] The United States said it was committed to defending Saudi Arabia. [118]
Investing.com – Saudi Aramco (SE:ARAM) priced its IPO at the top of its indicative range and raised $25.6 billion from the world’ biggest offering.
Saudi Aramco (Arabic: أرامكو السعودية ʾArāmkū as-Suʿūdiyyah), officially the Saudi Arabian Oil Company or simply Aramco (formerly Arabian-American Oil Company), is a majority state-owned petroleum and natural gas company that is the national oil company of Saudi Arabia.
Aramco priced its IPO at 32 riyals ($8.53) per share, the top of its indicative range, the company said in a statement, raising $25.6 billion and beating Alibaba's <BABA.N> record $25 billion ...