Petro Daily Newsletter

Headline Scan Friday -- June 22, 2012 To stop Re fall, RBI tells oil cos to buy dollars from PSU bank Oil mktg firms extend rally as crude prices fall China Iran oil imports recover, recoup earlier fall Former CJ Khare to defend Centre in arbitration case against RIL Methane gas: Coal Ministry objects to Oil Ministry's move Fuel price: Karnataka HC issues notice to Centre Reliance Industries benefits as govt subsidy boosts diesel sales International Crude Oil Price of Indian Basket Decreases Free LPG connections for 3.57 lakh families RIL's KG-D6 has 80% less reserves than estimated: Niko Resources US : Domestic critics slow potential LNG export boom IEA head welcomes OPEC efforts to meet oil demand China might get waiver from tough new US sanctions OPEC oil exports to fall in 4 weeks to July 7: Analyst Struggling ethanol makers diversify to corn oil Saudi halts oil shipments to Motiva expansion-source Oil falls below $90 for first time since Dec 2010 Oil at 18-month low on US, China data See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   To stop Re fall, RBI tells oil cos to buy dollars from PSU bank The Reserve Bank of India has instructed state-run oil marketing companies (OMCs) to change their dollar purchase process to buy more of the US c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038638   Oil mktg firms extend rally as crude prices fall Shares of state-owned oil marketing companies (OMC) are trading higher by 2%, extending their three-day rally after Brent crude oil prices plunge... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038640   China Iran oil imports recover, recoup earlier fall BEIJING, China's crude imports from Iran recovered in May to offset a first-quarter plunge in shipments to nearly half the annual average, after ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038644   Former CJ Khare to defend Centre in arbitration case against RIL After having charged Reliance Industries Limited (RIL) with "deliberate and wilful" breach of production sharing contract (PSC), the government h... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038635   Methane gas: Coal Ministry objects to Oil Ministry's move KOLKATA, The Union Coal Ministry has objected to the regulatory proposals drafted by the Ministry of Petroleum and Natural Gas for extraction of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038636   Fuel price: Karnataka HC issues notice to Centre The high court on Wednesday issued notices to the central government over a petition seeking stay on any rise in the prices of petroleum products... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038637   Reliance Industries benefits as govt subsidy boosts diesel sales State-owned oil companies, unable to meet the surge in domestic requirements, are turning to Reliance, Essar Oil Ltd. and Mangalore Refinery and ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038639   International Crude Oil Price of Indian Basket Decreases The international crude oil price for Indian Basket as computed/published today by the Petroleum Planning and Analysis Cell (PPAC) under the Mini... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038641   Free LPG connections for 3.57 lakh families In pursuance of the announcement made in the Delhi Budget 2012-13, the State Cabinet on Wednesday approved the scheme for providing free LPG gas ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038642   RIL's KG-D6 has 80% less reserves than estimated: Niko Resources NEW DELHI: Reliance Industries' flagging KG-D6 gas block holds 80 per cent less reserves than previously estimated, the firm's junior partner Nik... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038643   US : Domestic critics slow potential LNG export boom Heated debate over the impact of liquefied natural gas exports on domestic prices is threatening to derail them at a crucial time for the US indu... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038645   IEA head welcomes OPEC efforts to meet oil demand The head of the International Energy Agency on Thursday welcomed the recent decision by oil export cartel OPEC to leave its output limits unchang... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038646   China might get waiver from tough new US sanctions Washington: US Secretary of State Hillary Clinton on Thursday said that China is moving in the direction of India on reducing its dependence on I... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038647   OPEC oil exports to fall in 4 weeks to July 7: Analyst LONDON: Seaborne oil exports from OPEC, excluding Angola and Ecuador, will fall by 20,000 barrels per day (bpd) in the four weeks to July 7, an a... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038648   Struggling ethanol makers diversify to corn oil Pacific Ethanol Inc on Thursday said it was launching a corn oil business, the latest U.S. ethanol maker to move to diversify its revenue stream ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038649   Saudi halts oil shipments to Motiva expansion-source Saudi Arabia has halted crude oil deliveries to the newly expanded portion of Motiva's Port Arthur, Texas refinery after a massive crude oil unit... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038650   Oil falls below $90 for first time since Dec 2010 Brent crude oil slid nearly 4 percent in heavy trading on Thursday, dropping below $90 a barrel for the first time in 18 months as weak economic ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038651   Oil at 18-month low on US, China data Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, pointing to lower-than-expected en... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000038652   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here