Petro Daily Newsletter

Headline Scan Thursday -- October 24, 2013 Moily to seek EC nod for hike in dealer commission Indian oil ministry's new E&P policy will speed up moves to production: Cairn Oil slips towards $109 as stockpiles rise Oil Nearing $96 Per Barrel Following EIA Report Finding Another Rise In Inventories Asia Naphtha-Bangladesh to export naphtha after 4-month hiatus Poland's power exchange to hold auctions for forward gas sales U.S. natgas futures edge higher; cool weather, outages support Iran gas imports a disaster for Pakistan Egypt says not interested in Israeli gas as plans LNG imports Vietnam to double refining capacity to feed surging fuel demand China finds more oil in Bohai Bay OVL pulls out of Brazilian oilfield auction Moily confirms GAIL's Tanzania plans MRPL realizes higher premium for December cargo vs November China and India are witnessing a persistent slowdown in investment activity We won't interfere in China's sea disputes, says Indian minister GAIL to develop natural gas footprint in Bihar Cairn India Keen to Partner Global Cos in Shale Hunt See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Moily to seek EC nod for hike in dealer commission The ministry of petroleum and natural gas is set to knock at the doors of election commission for a hike in dealer commission by oil companies be... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045704   Indian oil ministry's new E&P policy will speed up moves to production: Cairn Mumbai, India's oil ministry Monday approved a new Integrated Development Plan that will enable companies to move oil and gas fields from discove... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045706   Oil slips towards $109 as stockpiles rise LONDON: Brent crude slipped towards $109 a barrel on Wednesday, pressured by rising inventories in China and expectations of a further buildup in... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045720   Oil Nearing $96 Per Barrel Following EIA Report Finding Another Rise In Inventories Crude oil futures contracts extended their slide today after weekly government data found a larger-than-expected build in inventories last week.<... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045719   Asia Naphtha-Bangladesh to export naphtha after 4-month hiatus DHAKA  - State-owned Bangladesh Petroleum Corporation (BPC) will issue a tender to sell 170,000 barrels of naphtha for Nov. 13-15 loading fr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045718   Poland's power exchange to hold auctions for forward gas sales WARSAW  - The Polish Power Exchange said it would allow auctions of forward gas sales to help trading firms meet a government requirement to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045717   U.S. natgas futures edge higher; cool weather, outages support NEW YORK, U.S. natural gas futures edged higher for the first time in three sessions early Wednesday, lifted by forecasts for continued cool weat... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045716   Iran gas imports a disaster for Pakistan A Pakistani advocacy group says a plan to import natural gas by pipeline from neighboring Iran would be an economic "death sentence" for the coun... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045715   Egypt says not interested in Israeli gas as plans LNG imports CAIRO - Egypt is not interested in importing gas via pipeline from Israel and instead is focusing on a plan to import liquefied natural gas, a to... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045714   Vietnam to double refining capacity to feed surging fuel demand HANOI, Vietnam will more than double its refining capacity in the next four years with construction starting on Wednesday for a second plant, as ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045713   China finds more oil in Bohai Bay BEIJING, China National Offshore Oil Corp. said Wednesday it made a medium-sized natural resource discovery in a well in the shallow waters of Ch... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045712   OVL pulls out of Brazilian oilfield auction New Delhi, ONGC Videsh Ltd, the overseas arm of state-owned Oil and Natural Gas Corp , pulled out of an auction of $184 billion oilfield in Brazi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045711   Moily confirms GAIL's Tanzania plans Petroleum minister M Veerappa Moily today confirmed that state-run GAIL is bidding for deepwater blocks in Tanzania. The transmission major, with... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045710   MRPL realizes higher premium for December cargo vs November India's Mangalore Refinery and Petrochemicals Ltd has sold a December naphtha cargo to Marubeni Corp at about US$26/ton above Middle East quotes ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045709   China and India are witnessing a persistent slowdown in investment activity IMF pegs FY14 GDP growth at 4.25%IMF approves $6.7 billion financial assistance to PakistanFalling rupee poses challenges, opportunities for Indi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045708   We won't interfere in China's sea disputes, says Indian minister The territorial dispute between Manila and Beijing is a bilateral issue in which New Delhi will not interfere, Indian external affairs minister S... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045707   GAIL to develop natural gas footprint in Bihar NEW DELHI: In order to expand its natural gas footprint in eastern India, GAIL (India) Limited today signed a Gas Cooperation Agreement (GCA) for... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045703   Cairn India Keen to Partner Global Cos in Shale Hunt NEW DELHI , Cairn India is keen to partner global leaders to hunt for shale resources in its prolific Rajasthan block and wants a policy regime t... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045705   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here