Tuesday, January 20, 2026

GAIL India Scraps $7-Billion Natural Gas Tender: Report

Press Trust of India GAIL will now hire the ships from the global spot or current market to transport liquefied natural gas (LNG), a top official said; GAIL has tied up 5.8 million tonnes per annum of LNG from Sabine Pass and Cove Point which the newly built ships will ferry. New Delhi: After dragging for more than two years, state-owned

Chinese Oil Production Down 11% – Daily Production Hits 7-Year Low

Uncertainty over oil prices is hurting Chinese oil production Daily oil production in China – the world’s second-largest crude consumer after the United States – fell to a seven-year low in October, according to data from the country’s statistics bureau. Chinese oil production is falling as the country’s national oil producers remain cautious about raising production in the face of