petroleum

The supply of petroleum products has eased since today morning.

The two countries signed four MOUs on mutual assistance.

Pampha Bhusal has called for the use of electronic devices as it is becoming difficult to sustain imports with the rise in prices of petroleum products

President Joe Biden met with Germany’s new leader Monday and vowed the crucial Nord Stream 2 Russia-to-Germany gas pipeline will be blocked if Russia further invades Ukraine.

Europe’s natural gas crisis isn’t letting up. Reserves are low. Prices are high. Utility customers are facing expensive bills. Major Russian supplier Gazprom isn’t selling gas like it used to.

US oil prices plunged as low as $65 per barrel and stocks slid in late November after the first reports about the ultra-contagious omicron variant.

An additional 2,000 MW of electricity could be consumed for cooking purposes in urban areas, 1,000 MW in the transport sector, and 2,000 MW in the industrial sector if the distribution system is improved by speeding up.

Nepal Oil Corporation has raised the price of various petroleum products from today.