Petro Daily Newsletter

Headline Scan Tuesday -- November 12, 2013 BPCL to invest $4 billion to raise refining capacity Iraq offers longer credit to Indian oil buyers Oil Futures Move Higher After Iran Talks Stall Crude oil hovers above $94 Brent rises towards $106 after Iran talks end without deal Natural gas futures waver as traders monitor weather, supplies BG Group sells LNG interests to CNOOC Iran fuel oil exports to plunge as winter boosts local use -source Ukraine halts Russian gas imports; transit to Europe intact -sources China's pace at oil fields frustrates Iran OilMin seeks CBM blocks on a 'nomination basis' Crude oil price of Indian Basket falls IOC: Analysts remain positive despite OFS, rupee slide Dollar/rupee extends gains on oil firms' demand, intervention eyed India interested in Yamal gas Petroleum refineries should improve margins: Petroleum Secy Gas-based plants may get nod to retail some power in open market Under-utilisation of Kochi LNG terminal worries Oil Ministry See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BPCL to invest $4 billion to raise refining capacity KOCHI, Bharat Petroleum Corp Ltd (BPCL) has lined up investments worth $4 billion (around Rs 25,340 crore today) to increase its refining capacit... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045993   Iraq offers longer credit to Indian oil buyers Iraq is willing to double the credit period on crude sales to 60 days if Indian refiners buy more in 2014, the head of refineries at Hindustan Pe... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045994   Oil Futures Move Higher After Iran Talks Stall NEW YORK--Oil futures climbed Monday after talks between Iran and Western leaders over Iran's nuclear ambitions failed to yield an agreement that... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046010   Crude oil hovers above $94 NEW YORK, The price of crude oil held above $94 a barrel Monday on the New York Mercantile Exchange. West Texas Intermediate, light, sweet crude ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046009   Brent rises towards $106 after Iran talks end without deal SINGAPORE: Brent futures edged up towards $106 a barrel in Asia on Monday after Iran and six world powers failed to reach a deal on Tehran's nucl... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046008   Natural gas futures waver as traders monitor weather, supplies Natural gas futures swung between gains and losses on Monday, as market participants continued to focus on near-term weather forecasts and U.S. s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046007   BG Group sells LNG interests to CNOOC READING, England, British energy company BG Group said Monday it sold off interests in a liquefied natural gas project in Australia to China Nati... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046006   Iran fuel oil exports to plunge as winter boosts local use -source Iran's fuel oil exports will plunge to as little as a third of previous levels over the next few months as winter demand forces the country to di... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046005   Ukraine halts Russian gas imports; transit to Europe intact -sources MOSCOW/KIEV, Ukraine's Naftogaz halted Russian natural gas imports last Friday in a dispute over pricing, sources in the industry and at Russia's... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046004   China's pace at oil fields frustrates Iran TEHRAN, Chinese energy companies aren't moving fast enough to develop the Yadavaran and Azadegan oil fields in southern Iran, an Iranian executiv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046003   OilMin seeks CBM blocks on a 'nomination basis' It might be tough for Coal India to get coal bed methane (CBM) blocks without participating in the next round of bidding. The coal ministry has s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046002   Crude oil price of Indian Basket falls New Delhi, The international crude oil price of Indian Basket as computed/published on Monday by Petroleum Planning and Analysis Cell (PPAC) unde... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046001   IOC: Analysts remain positive despite OFS, rupee slide Most oil and gas stocks lost ground on Monday with Indian Oil (IOC) slipping nearly 4% to Rs 204 levels. Hindustan Petroleum Corporation (HPCL) a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000046000   Dollar/rupee extends gains on oil firms' demand, intervention eyed Dollar/rupee rises to 63.42/44 from its previous close of 62.475/485, after earlier hitting a session high of 63.50, its highest since Sept. 17. ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045999   India interested in Yamal gas Over the past few weeks, media reports stated that a consortium consisting of three Indian companies (ONGC Videsh, the Indian Oil Corporation and... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045998   Petroleum refineries should improve margins: Petroleum Secy Petroleum refineries, both in the public and private sectors, should ensure pace setter performance for improving margins, reliability and effici... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045997   Gas-based plants may get nod to retail some power in open market New Delhi, Existing and proposed gas-based power plants of firms such as GMR, GVK, Lanco, Torrent, Reliance Power and state-run NTPC may be allow... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045996   Under-utilisation of Kochi LNG terminal worries Oil Ministry KOCHI, The Petroleum Ministry has expressed concern over the under utilisation of the newly-set up LNG terminal in Kochi due to less number of ta... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045995   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here