Petro Daily Newsletter

Headline Scan Monday -- June 18, 2012 States agree to bring petroleum products under GST ambit Use of bio-CNG in commercial vehicles to be tested Saudi Arabia trims oil supply as OPEC sees softer outlook Gas regulator may scrap third round of distribution auction Lower fuel prices weigh on Cairn India despite higher production Petrol to cost 92 paise less, diesel up by 37 paise in Delhi More pain ahead for petro companies as under-recoveries soar Increased petrol price affects used cars business Tata Power explores Africa for coal and natural gas assets Exxon drops shale exploration plans in Poland-paper Again a power in OPEC, Iraq could shift landscape Iran Building New Underground Oil Storage Facilities Iran's insurance industry ready to cover foreign oil tankers Iran to Export 1st LNG Cargo in 2013 Jordan to import liquefied gas by 2014 Puerto Rico ponders alternatives to gas pipeline Russia oil firms face heavy fines for gas flaring Japan LNG, oil demand will stay strong even after reactor restarts See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   States agree to bring petroleum products under GST ambit New Delhi: India moved a step closer to implementing the goods and services tax (GST) after state governments agreed to allow petroleum products ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038556   Use of bio-CNG in commercial vehicles to be tested PUNE: City-based the Automotive Research Association of India will test the bio-CNG produced from bagasse and its use in operating a commercial v... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038561   Saudi Arabia trims oil supply as OPEC sees softer outlook The Organization of the Petroleum Exporting Countries said that the global oil supply and demand balance could ease further in the H2 of the year... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038566   Gas regulator may scrap third round of distribution auction The Petroleum and Natural Gas Regulatory Board (PNGRB) may cancel the third round of auctioning of city gas distribution rights due to the irrati... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038557   Lower fuel prices weigh on Cairn India despite higher production The Cairn India Ltd (CIL) stock has fallen by 5% since it announced its March quarter results. The obvious reason for the beating is because glob... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038558   Petrol to cost 92 paise less, diesel up by 37 paise in Delhi NEW DELHI: Petrol price will come down by 92 paise while cost of diesel will go up by 37 paise from midnight tomorrow in the capital, with the De... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038559   More pain ahead for petro companies as under-recoveries soar Indian petroleum industry's woes are likely to worsen in FY13 as the total under-recoveries zoom to a record high of Rs 1,70,000 crore, up 22.7% ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038560   Increased petrol price affects used cars business LUDHIANA: Increase in the petrol prices has also resulted in the devaluation of the usedpetrol cars, however the prices of the used diesel carsha... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038562   Tata Power explores Africa for coal and natural gas assets Mumbai: In a bid to hedge its bets at a time when the viability of its 4,000 megawatts (MW) power project in Mundra, Gujarat, hinges on regulator... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038563   Exxon drops shale exploration plans in Poland-paper Exxon Mobil Corp has decided not to go ahead with its shale gas exploration projects in Poland because its test wells failed to produce commercia... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038564   Again a power in OPEC, Iraq could shift landscape BAGHDAD — Iraq's rapidly expanding oil production is likely to complicate OPEC's efforts to influence world prices as the country re-emerges as a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038565   Iran Building New Underground Oil Storage Facilities TEHRAN, Iranian Oil Terminals Company (IOTC) plans to build new underground oil storage facilities in Southern parts of the country, IOTC's Manag... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038567   Iran's insurance industry ready to cover foreign oil tankers The head of Iran's Bimeh Markazi, (Central Insurance of the Islamic Republic of Iran) said the country's insurers are ready to offer coverage to ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038568   Iran to Export 1st LNG Cargo in 2013 TEHRAN,  Iran plans to start exporting Liquefied Natural Gas (LNG) supplies to other countries next year, a deputy oil minister announced on... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038569   Jordan to import liquefied gas by 2014 AMMAN — Jordan plans to begin importing liquefied natural gas (LNG) by 2014 in a bid to alleviate the country's ongoing energy woes, according to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038570   Puerto Rico ponders alternatives to gas pipeline SAN JUAN, Puerto Rico - A proposed natural gas pipeline that is backed by Puerto Rico's governor but widely opposed by islanders and environmenta... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038571   Russia oil firms face heavy fines for gas flaring MOSCOW - Russian oil companies are facing fines of hundreds of millions of dollars or more for polluting the atmosphere with excess amounts of fl... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038572   Japan LNG, oil demand will stay strong even after reactor restarts Japan's decision to restart two nuclear reactors idled for safety checks after the Fukushima catastrophe won't cut the country's spiraling fossil... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038573   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here