India has a complex and heterogeneous gas pricing system mainly composed of two pricing regimes viz. APM (Administrative Price Mechanism) and non-APM (aka. free market gas). The APM...
The mechanism for oil bonds was devised in 2005-06. The oil bonds issued by the government typically have maturities of ranging between 5-7 years, although maturities can be...
From 1970s to 2002, there was an Administered Price Mechanism (APM) system in place in oil sector. Under this system, the oil and gas sector was controlled at...
The collapse of the OPEC administered pricing system in 1986-1988 ushered in a new era in oil pricing in which the power to set oil prices shifted from...
The world oil prices were first administered by the large multinational oil companies in the 1950s and 1960s in the name of a 1927 Red Line agreement and...
India is the world’s seventh largest energy producer, accounting for 2.49% of the world’s total annual energy production. Around 60% of the natural gas produced in India is used for...
The oil reserves of the country are shown in several types of figures such as probable reserves, proven reserves, strategic reserves etc. Probable / Indicated reserves means oil...
First oil well of India was drilled by Assam Railway & Trading Company in 1865, just 6 years after world’s first oil well was drilled in United States...
