Petro Daily Newsletter

Headline Scan Monday -- September 24, 2012 BPCL plans up to Rs 45,000 cr capex by 2017 BPCL to offer 51% to LG Chem in proposed Kochi petrochem unit A Look At Crude Oil's Massive Dip Why crude may see a bearish phase US getting closer to energy independence U.S. gas prices come down for first time since July Qatar backs $3.6bn Egyptian refinery Zero-duty LPG imports should cut underrecoveries Oil marketing companies like BPCL, IOC, set to reduce petrol prices? 'Don't rush cash transfer scheme' The water problem is also an oil problem LPG cap will check black marketing, says BPCL chief Oil PSUs: Decoding the math of loss or under-recovery and what it means Manipur, Arunachal to raise LPG cap to nine CCI plans to probe oil firms over petrol pricing issue Confusion reigns over LPG cylinder price, numbers LPG distributors fear drop in demand Rs 10,000-crore BPCL warchest for Mozambique Cairn India to drive oil production this fiscal, says CMIE survey African Union urges Sudan, South Sudan leaders to reach deal See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   BPCL plans up to Rs 45,000 cr capex by 2017 Mumbai: State-run Bharat Petroleum Corp Ltd (BPCL) has said it has lined up Rs 40,000-45,000 crore capital expenditure plan for the next four-fiv... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040078   BPCL to offer 51% to LG Chem in proposed Kochi petrochem unit Mumbai: State-run Oil marketer Bharat Petroleum Corporation (BPCL), which is setting up its first propylene unit in Kochi, said it is ready to of... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040086   A Look At Crude Oil's Massive Dip Prior to this week, crude oil had been on a tear, as it had steadily been gaining ground for quite some time. Between May and September, the foss... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040097   Why crude may see a bearish phase Global oil prices continued their upward spiral from July 2012. The momentum picked up in August 2012 with fundamentals turning positive on the b... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040096   US getting closer to energy independence KANSAS CITY, Mo. -- It has been four years since Jay Hakes wrote a book about energy independence and the benefits it could give the United State... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040095   U.S. gas prices come down for first time since July Gasoline prices in the United States dropped four-tenths of a cent over the past two weeks as crude oil prices fell, ending a long stretch of sus... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040094   Qatar backs $3.6bn Egyptian refinery Qatar Petroleum International (QPI) will join Egypt's Orient Company and the Egyptian General Petroleum Corporation (EGPC) in their venture to se... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040093   Zero-duty LPG imports should cut underrecoveries The government has allowed zero-duty imports of liquefied petroleum gas (LPG) by oil marketing companies (OMC) for supply to household domestic c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040079   Oil marketing companies like BPCL, IOC, set to reduce petrol prices? MUMBAI: Consumers may get some relief as oil marketing companies (OMCs) plan to revise petrol prices downward due to falling international crude ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040080   'Don't rush cash transfer scheme' With finance minister P Chidambaram recently declaring at a full Planning Commission meeting that cash transfers may replace subsidies for food, ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040081   The water problem is also an oil problem All those who believe oil and water don't mix, here's a quick 21st century update. The faster we run out of fresh water, the earlier we shall run... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040082   LPG cap will check black marketing, says BPCL chief Mumbai , Even as uproar over capping of subsidised cooking gas continues, second largest oil marketer Bharat Petroleum has said the move will hel... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040083   Oil PSUs: Decoding the math of loss or under-recovery and what it means Fuel price hikes are as much about political communication as they are about economics. They are preceded by leaks to the press about the need fo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040084   Manipur, Arunachal to raise LPG cap to nine Imphal/Itanagar: As in other Congress-ruled states, Manipur and Arunachal Pradesh governments have decided to raise the cap on subsidized LPG cyl... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040085   CCI plans to probe oil firms over petrol pricing issue The Competition Commission of India (CCI) may soon ask its investigation wing to carry out a detailed investigation into the alleged cartel-like ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040087   Confusion reigns over LPG cylinder price, numbers LPG cylinder distributors in the city are a confused lot, with the state government not taking a decision yet on the price of non-subsidised dome... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040088   LPG distributors fear drop in demand LUCKNOW: Companies distributing LPG cylinders across the city fear drop in demand of cooking gas following government's decision to apply subsidy... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040089   Rs 10,000-crore BPCL warchest for Mozambique Mumbai, State-run Bharat Petroleum Corporation Limited (BPCL) is set to invest over Rs 10,000 crore in the next four years at Mozambique in Afric... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040090   Cairn India to drive oil production this fiscal, says CMIE survey MUMBAI: Cairn India's plans for enhancing oil production from its Rajasthan block is likely to drive the domestic crude oil production by 3.1 per... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040091   African Union urges Sudan, South Sudan leaders to reach deal ADDIS ABABA: The African Union urged the presidents of Sudan and South Sudan, who will meet here Sunday, to strike a deal on issues still to be s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040092   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here