Petro Daily Newsletter

Headline Scan Friday -- January 31, 2014 BPCL : Ascending to the next level Cap on LPG cylinders raised to 12 Oil prices steady after Fed taper decision RBI governor Raghuram Rajan questions LPG cap hike U.S. crude oil rises, narrows discount to Brent U.S. propane exports in November hit record 410,000 bpd U.S. utilities seen burning more coal due high gas prices Egyptian Unrest Pushes Foreign Firms To The Door Why Iran Is Courting BP And ExxonMobil Iran expects major foreign oil investments Insurers group sounds alarm over Iran ship insurance Royal Dutch Shell halts Alaska exploration as profits fall Low Foreign Interest in Pakistan's New Oil Blocks Declare airspace over MRPL a no-fly zone Gail, Japan's Chubu form gas buyers' club India becomes world's third largest crude oil importer Under-recoveries are not all gas IOC to invest about Rs 1,000 crore in Kerala by 2016-17 See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BPCL : Ascending to the next level Bharat Petroleum Corporation Limited (BPCL), 54.93 % owned by the Government of India and until recently purely a fuel refiner and retailer, has ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047162   Cap on LPG cylinders raised to 12 NEW DELHI, With an eye on the forthcoming general elections and an informal diktat from Congress Party Vice-President Rahul Gandhi, the Governmen... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047163   Oil prices steady after Fed taper decision New York's main contract West Texas Intermediate for delivery in March gained 28 cents to $97.64 a barrel. Brent North Sea crude for March stood ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047179   RBI governor Raghuram Rajan questions LPG cap hike New Delhi, Reserve Bank of India governor Raghuram Rajan on Thursday expressed doubt over the government's decision to raise the cap of subsidise... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047164   U.S. crude oil rises, narrows discount to Brent NEW YORK, U.S. crude oil rose nearly $1 on Thursday on spread trading and higher demand as blistering cold sapped distillate supplies and governm... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047178   U.S. propane exports in November hit record 410,000 bpd NEW YORK  - Propane exports from the United States rose to 410,000 barrels per day (bpd) in November, a four-decade high, according to data ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047177   U.S. utilities seen burning more coal due high gas prices The recent increase in U.S. natural gas prices is expected to dent demand for gas as utilities use more coal to generate power, electricity trade... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047176   Egyptian Unrest Pushes Foreign Firms To The Door As Cairo observes the third anniversary since the collapse of the long standing government of Hosni Mubarak, continued unrest and political insta... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047175   Why Iran Is Courting BP And ExxonMobil As it attempts to reap the benefits of easing international sanctions, Iran is wooing western oil companies in hopes of luring them back to the c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047174   Iran expects major foreign oil investments TEHRAN, An Iranian director of international investment said as much as $200 billion in foreign investments may be headed to the nation's oil sec... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047173   Insurers group sounds alarm over Iran ship insurance SINGAPORE - A group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the United States has n... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047172   Royal Dutch Shell halts Alaska exploration as profits fall Oil giant Royal Dutch Shell is stepping up asset disposals as part of a strategy that will see the company "changing emphasis" in 2014. The chang... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047171   Low Foreign Interest in Pakistan's New Oil Blocks The government of Pakistan has provisionally awarded exploration licenses for 50 oil blocks covering over 100,000 square kilometers and eyeing ov... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047170   Declare airspace over MRPL a no-fly zone The airspace over Mangalore Refinery and Petrochemical Limited (MRPL) in Kuthethoor is yet to be declared as a no-fly zone. The Thumbe water pump... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047169   Gail, Japan's Chubu form gas buyers' club NEW DELHI: State-run gas utility Gail and Japan's Chubu Electric Power Co are coming together for jointly buying liquid gas with a view to levera... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047168   India becomes world's third largest crude oil importer New Delhi: India's growing population with growing energy demands has led to greater oil imports in 2013, as per a report published by a leading ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047167   Under-recoveries are not all gas Rahul Gandhi's wish is Veerappa Moily's command. Each household will now get 12 subsidised LPG cylinders a year — up from the earlier nine. This ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047166   IOC to invest about Rs 1,000 crore in Kerala by 2016-17 KOCHI: Public sector Indian Oil Corporation (IOC) will invest about Rs 1,000 crore by 2016-17 in Kerala to set up various facilties, including an... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000047165   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here