Petro Daily Newsletter

Headline Scan Thursday -- April 12, 2012 Brent steady at $120; demand growth worries weigh OMCs warn of LPG cylinder shortage Natural gas below $2 for first time in a decade Finance ministry to start selloff from June No stay on regulator's order to cut gas prices in Delhi Indraprastha gas order: why is the market in panic? Airlines may import fuel jointly Petrol pump dealers to use up stock before stir RIL can Raise D6 Output with More Drilling, Tech' 80 blocks with $13.5 B investment stuck in bureaucratic tangle Reliance Industries can raise KG-D6 output with more drilling, tech: Report Reliance says D6 output normal after tsunami warning African Union tells S. Sudan to withdraw from Heglig oilfield Iran to ban imports from 100 European companies: Report US Petroleum Inventories Rise, Imports Drop Sri Lanka to boost storage See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Brent steady at $120; demand growth worries weigh SINGAPORE: Brent crude held at $120 on Wednesday, after posting steep losses in the previous session, as a cut in global oil consumption forecast... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037550   OMCs warn of LPG cylinder shortage The oil marketing companies (OMCs) have informed the Petroleum and Natural Gas Ministry that the present LPG inventory has come down to a level o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037540   Natural gas below $2 for first time in a decade NEW YORK –  The price of natural gas has fallen to its lowest level in more than a decade, a remarkable decline for a commodity that not lon... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037545   Finance ministry to start selloff from June NEW DELHI: The finance ministry has decided to front load disinvestment in June instead of waiting till the end of the fiscal to meet its target ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037535   No stay on regulator's order to cut gas prices in Delhi New Delhi, The Delhi High Court Wednesday refused to stay a regulator's order to the Indraprastha Gas Ltd (IGL) to reduce the price of CNG and pi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037536   Indraprastha gas order: why is the market in panic? The gas pricing shock from the Petroleum and Natural Gas Regulatory Board (PNGRB) is slowly sinking into the market. Indraprastha Gas (IGL), whic... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037537   Airlines may import fuel jointly Aviation companies plan to join hands for importing aviation turbine fuel (ATF) in a bid to bring down their fuel bills.A person close to the dev... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037538   Petrol pump dealers to use up stock before stir Mumbai: Operators of over 245 petrol pumps in Mumbai have threatened to deplete stocks gradually from next week so that they can go dry from Apri... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037539   RIL can Raise D6 Output with More Drilling, Tech' Reliance Industries (RIL) will be able to raise gas production from the D6 block with the help of additional drilling and appropriate technology ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037541   80 blocks with $13.5 B investment stuck in bureaucratic tangle India's credibility of policy initiatives has come under cloud with the international investors as nearly 80 oil and gas blocks with an investmen... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037542   Reliance Industries can raise KG-D6 output with more drilling, tech: Report NEW DELHI: Reliance Industries will be able to raise gas production from the D6 block with the help of additional drilling and appropriate techno... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037543   Reliance says D6 output normal after tsunami warning NEW DELHI: Ouput is normal at India's largest gas producer, the Reliance Industries -operated KG D6 block off India's east coast, and the company... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037544   African Union tells S. Sudan to withdraw from Heglig oilfield ADDIS ABABA, The African Union (AU) called on South Sudan to withdraw its army from the disputed oil-producing region of Heglig on Wednesday afte... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037546   Iran to ban imports from 100 European companies: Report TEHRAN: Iran's official Press TV says the country plans to ban imports from 100 European companies as part of Tehran's pre-emptive retaliation ag... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037547   US Petroleum Inventories Rise, Imports Drop The US Energy Information Administration (EIA) released its weekly petroleum status report this morning. US commercial crude inventories rose by ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037548   Sri Lanka to boost storage Lanka IOC says it will invest around $35 million (€27 million) into expanding an oil tank farm located in the Trincomalee port, both storing and ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000037549   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here