Petro Daily Newsletter

Headline Scan Monday -- September 17, 2012 Chidambaram wants direct cash transfer to cut subsidy burden Cues for oil prices from risk-reversal data Oil Trades Near Four-Month High Before Reports on U.S. Economy Oil exports will reach 6 mn bpd by 2017: Iraq oil minister US lauds Saudi commitment to help moderate oil price 'Iran still second biggest producer in OPEC' OIL touches new heights in 2011-12 FY BG, partners to seek extension of contract Total to drill eight Uganda wells, spend $650 mln Gulf OPEC producers want oil at USD 100 EU gasoline surplus not shrinking fast enough-draft Media campaign to justify diesel price hike, LPG cap Post hike, diesel still cheaper in India than in US, Pak Steps taken on FDI is a marginal relief: RS Sharma, ONGC LPG subsidy: Minister comes out with formula Refinery a step closer to bulking up Dealers' eye on LPG sales following Centre's decision 6-cylinder glitch for Hyderabad distributors Cheap LPG for government hotels See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Chidambaram wants direct cash transfer to cut subsidy burden New Delhi: Finance Minister P. Chidambaram Saturday called for direct cash transfer of subsidies in food, fertilizers and petroleum by the end of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039967   Cues for oil prices from risk-reversal data One of the popular tools used by traders in global commodities is the Commitments of Traders (COT) report published by the Commodities Futures Tr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039970   Oil Trades Near Four-Month High Before Reports on U.S. Economy Oil traded near the highest close in four months in New York before reports that may show signs of a strengthening U.S. economy, the world's bigg... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039985   Oil exports will reach 6 mn bpd by 2017: Iraq oil minister BAGHDAD: Iraq's Oil Minister Abdul-Kareem Luaibi said on Saturday he expects the country's oil exports will reach 2.9 million barrels per day nex... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039984   US lauds Saudi commitment to help moderate oil price WASHINGTON, The White House embraced over the weekend recent comments by Saudi Arabia's energy minister some market watchers had taken as a signa... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039983   'Iran still second biggest producer in OPEC' TEHRAN - Iran is still the second biggest producer in the Organization of Petroleum Exporting Countries, Iran's OPEC Governor Mohammad-Ali Khatib... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039982   OIL touches new heights in 2011-12 FY DIBRUGARH: Oil India Limited's (OIL) annual oil and gas production has touched new heights in the financial year 2011-12 with a total production ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039977   BG, partners to seek extension of contract NEW DELHI, BG-ONGC-Reliance Industries, joint venture partners in the Panna-Mukta and Tapti (PMT) fields, have 'in principle' agreed to seek exte... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039978   Total to drill eight Uganda wells, spend $650 mln KAMPALA, Total SA expects to drill eight exploration wells in Uganda by end 2013, and will spend about $650 million on its activities in the same... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039979   Gulf OPEC producers want oil at USD 100 Gulf OPEC producers would like to see oil prices fall to around USD 100 per barrel because they fear current high prices could hit longer term de... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039980   EU gasoline surplus not shrinking fast enough-draft BRUSSELS, EU refineries are not investing fast enough to shift the balance to diesel production as the U.S. appetite to mop up surplus gasoline s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039981   Media campaign to justify diesel price hike, LPG cap New Delhi, After hiking diesel price by over 13 per cent and capping the number of subsidised domestic liquefied petroleum gas (LPG) cylinders pe... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039968   Post hike, diesel still cheaper in India than in US, Pak New Delhi, The steepest ever Rs 5.63 a litre hike in price not withstanding, diesel in India is still cheaper than its neighbours Pakistan and Ba... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039969   Steps taken on FDI is a marginal relief: RS Sharma, ONGC In an interview with ET Now, RS Sharma, Former Chairman, ONGCBSE -0.37 %, talks about the recent steps taken by the government on FDI. Excerpts:&... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039971   LPG subsidy: Minister comes out with formula Incremental revenue generation from diesel, LPG should be diverted as subsidy to reduce burden on common man: Ramachandraiah. Endowment Minister ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039972   Refinery a step closer to bulking up The integrated expansion project, involving an investment of Rs. 14,000 crore, expects to get environmental clearance within a month.  BPCL ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039973   Dealers' eye on LPG sales following Centre's decision NASHIK: Even as liquefied petroleum gas (LPG) distributors await guidelines for issuing subsidized domestic cylinders to consumers after the cent... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039974   6-cylinder glitch for Hyderabad distributors HYDERABAD: Dilemma over the implementation of the recently announced six-cylinder norm for LPG gas supply has, over the past two days, caused man... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039975   Cheap LPG for government hotels The Bharat Petroleum Corporation Ltd (BPCL) would provide liquefied petroleum gas (LPG) at domestic rates to the budget hotels  to be set up... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039976   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here