Petro Daily Newsletter

Headline Scan Wednesday -- September 05, 2012 Fuel prices may be hiked next week Strategic Petroleum Reserves: The New Monetary Tool? Oil price rises as dollar softens All that gas about coal-bed methane OMCs' borrowings go up BPCL reports positive results in Aussie shale gas block CAG raps ONGC for hiring RIL rig without calling for bids CAG raps GAIL for giving undue benefit to private power producers Presence in Iran, Sudan may affect US plans: ONGC Insurance PSUs providing cover to vessels importing Iran oil D6 oil output falls short of estimates since 2009: Minister BP to help RIL raise KG-D6 output High global oil prices cause for concern – IEA chief Non-OECD consumers should act together: IEA Saudi Arabia May Become Oil Importer By 2030, Citigroup Says Iran warns of oil price hike US had only 1 request for SPR oil loan after Isaac-source EU probe into Gazprom adds to energy tensions See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Fuel prices may be hiked next week As the Finance Ministry has told the Petroleum Ministry that it has no funds left to subsidise fuels, the prices of petrol, diesel and LPG are li... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039785   Strategic Petroleum Reserves: The New Monetary Tool? Oil and commodities are rising with renewed talk of buying bonds in Europe and future stimulus from the Federal Reserve in the United States. The... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039795   Oil price rises as dollar softens BANGKOK: A weaker dollar boosted oil prices Tuesday even as a resumption of refinery operations in the Gulf of Mexico in the aftermath of Hurrica... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039801   All that gas about coal-bed methane At a time when Coalgate is attracting all the attention, another instance of bungling in natural resource management has gone relatively unnotice... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039784   OMCs' borrowings go up The continuous increase in their under-recoveries coupled with delay in release of government compensation has deteriorated the liquidity conditi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039786   BPCL reports positive results in Aussie shale gas block Bharat Petroleum Corporation (BPCL) today announced that Bharat Petro Resources (BPRL), a wholly owned subsidiary of the company has announced th... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039787   CAG raps ONGC for hiring RIL rig without calling for bids New Delhi, Comptroller and Auditor General (CAG) has pulled up Oil & Natural Gas Corpn (ONGC) for hiring a drilling rig from Reliance Industr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039788   CAG raps GAIL for giving undue benefit to private power producers CAG raps GAIL for giving undue benefit to private power producers New Delhi: India's official auditor on Tuesday hauled ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039789   Presence in Iran, Sudan may affect US plans: ONGC New Delhi, Oil and Natural Gas Corp's (ONGC's) plans to develop a gas field in Iran are in the balance as the company's exposure to the sanctions... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039790   Insurance PSUs providing cover to vessels importing Iran oil New Delhi: Public sector insurance companies are providing USD 50-million cover to vessels importing crude oil from Iran to India in the wake of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039791   D6 oil output falls short of estimates since 2009: Minister NEW DELHI, Crude oil output from the MA field in Reliance Industries Ltd-operated D6 block in the East Coast has fallen short of the planned prod... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039792   BP to help RIL raise KG-D6 output Mumbai: BP Plc will work with Reliance Industries Ltd (RIL) to help shore up flagging gas production from the D6 field in the Krishna-Godavari (K... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039793   High global oil prices cause for concern – IEA chief NEW DELHI, High global oil prices are a cause of concern for the International Energy Agency (IEA), the head of the body which represents 28 impo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039794   Non-OECD consumers should act together: IEA New Delhi: The International Energy Agency (IEA) wants large energy-consuming nations, including India, China and Russia, that are not a part of ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039796   Saudi Arabia May Become Oil Importer By 2030, Citigroup Says Saudi Arabia, the world's biggest crude exporter, risks becoming an oil importer in the next 20 years, according to Citigroup Inc. Oil and its de... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039797   Iran warns of oil price hike The current embargo on Iranian oil and political pressure on the Islamic Republic will result in higher oil prices on international markets, Petr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039798   US had only 1 request for SPR oil loan after Isaac-source WASHINGTON, The U.S. government has not received more requests for emergency oil loans in the wake of Hurricane Isaac after granting one to a ref... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039799   EU probe into Gazprom adds to energy tensions BRUSSELS, The European Commission has opened an investigation into suspected anti-competitive market practices by Russia's Gazprom, the EU watchd... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000039800   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here