Petro Daily Newsletter

Headline Scan Thursday -- September 13, 2012 Opec raises demand outlook on higher India consumption Each discovery in oil block to be treated as separate cost centre Oil Trades Near Two-Day Low as U.S. Stockpiles Unexpectedly Gain Energy tribunal issues notices to PSU oil cos Government mulls policy change in petroleum costing Private fuel retailers shut outlets, allege non-level playing field PNGRB order to hit GSPL profits by Rs 300cr Decision on divestment in OIL, Hind Copper, 3 others tomorrow IOC expects govt support through fuel price hike India's IIP grows 0.1% in July Cheaper CNG for Ahmedabad: HC seeks Centre's reply ONGC to call for international bids for 4 CBM blocks IEA says world well supplied with oil ASEAN proposes energy grids, gas pipelines with partners Iran's oil production falls 40% Sri Lanka petroleum product pricing, quality to be regulated East Timor demands pipeline from undersea gas fields Canada crude-Synthetic premium hits 13-month high See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Opec raises demand outlook on higher India consumption VIENNA Opec on Tuesday tweaked slighly higher its 2012 oil demand forecast following a small increase in US consumption and a "drastic" rise in I... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039913   Each discovery in oil block to be treated as separate cost centre New Delhi, In a major revamp of oil and gas exploration, the government is likely to notify a policy disallowing companies to deduct as expenses,... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039922   Oil Trades Near Two-Day Low as U.S. Stockpiles Unexpectedly Gain Oil traded near the lowest level in two days in New York after a government report showed an unexpected increase in stockpiles in the U.S., the w... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039930   Energy tribunal issues notices to PSU oil cos New Delhi: Energy tribunal ATE on Wednesday issued notices to IOC, HPCL and BPCL on petitions filed by Reliance Industries, Essar Oil and Shell c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039914   Government mulls policy change in petroleum costing In a major revamp of oil and gas exploration, the government is likely to notify a policy disallowing companies from deducting as expenses all ex... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039915   Private fuel retailers shut outlets, allege non-level playing field Last July, Reliance Industries petrol pump dealers in Gujarat threatened to immolate themselves in front of the company's office. They were deman... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039916   PNGRB order to hit GSPL profits by Rs 300cr Ahmedabad, The latest Petroleum and Natural Gas Regulatory Board (PNGRB) order on state-owned Gujarat State Petronet Ltd (GSPL) has come as a bre... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039917   Decision on divestment in OIL, Hind Copper, 3 others tomorrow NEW DELHI, The Cabinet Committee on Economic Affairs (CCEA) meet on Friday is likely to see some big ticket decisions on disinvestment in five ma... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039918   IOC expects govt support through fuel price hike Oil marketing companies expect the government to increase petrol prices since the industry is incurring a huge loss daily and the borrowing power... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039919   India's IIP grows 0.1% in July New Delhi, India's Index of Industrial Production (IIP) grew 0.1% per cent in July 2012 over the corresponding month of the previous year, accord... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039920   Cheaper CNG for Ahmedabad: HC seeks Centre's reply AHMEDABAD: The Gujarat high court on Wednesday sought explanation from the Centre and the Oil and Natural Gas Commission (ONGC) for not implement... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039921   ONGC to call for international bids for 4 CBM blocks Oil and Natural Gas Corporation (ONGC) will soon call for international bidding to farm out stake in four of its coal-bed methane blocks. ONGC wh... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039923   IEA says world well supplied with oil LONDON: Global oil demand is poised to be depressed for the next 18 months while supply levels from OPEC countries are at fairly comfortable leve... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039924   ASEAN proposes energy grids, gas pipelines with partners ASEAN is keen on developing closer links with India in the overall development of energy sector, Combodian Prime Minister Hun Sen told India's mi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039925   Iran's oil production falls 40% WASHINGTON, As a result of the US-led international sanctions, Iran's oil production has dropped by 40 per cent, resulting in a financial loss of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039926   Sri Lanka petroleum product pricing, quality to be regulated Sri Lanka, Petroleum products are expected to be brought under Sri Lanka's multi sector utilities regulator which is already overseeing the power... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039927   East Timor demands pipeline from undersea gas fields East Timor's Petroleum Minister says his country will veto the development of a gas field jointly owned with Australia if a pipeline isn't built ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039928   Canada crude-Synthetic premium hits 13-month high CALGARY, Alberta, Canadian synthetic crude premiums climbed on Wednesday to their highest in 13 months as supplies remained tight with a processi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039929   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here