4 unexplored Indian basins may hold more oil

Four largely unexplored sedimentary basins in India could hold up to 22 billion barrels of oil, S&P Global Commodity Insights has reported. In effect, lesser-known Category II and III basins, namely Mahanadi, Andaman Sea, Bengal, and Kerala-Konkan contain more oil than the Permian Basin, which has already produced 14 billion barrels of its 34 billion

Ethanol production in the US increases

According to data from the EIA, after a drop in production in the recent times, daily ethanol production in the US has picked up. The EIA said that ethanol production rose to 1.034 million barrels per day for the week ended July 15, which is up from 1.005 million barrels the previous week. The pick-up