Petro Daily Newsletter

Headline Scan Thursday -- October 25, 2012 LPG cylinders to have a single price point Iran's current oil production 4 mn bpd: Rostam Qasemi NYMEX crude falls on large US crude build, settling down 94 cents to $85.73/b Brent rises towards $109 after China data, but gains capped DGH wants RIL to share marketing margin for approving spending Chennai Petroleum's insurance cover cut on Iran stake: Sources CAG to do 2nd audit of Reliance Industries Ltd's KG field Oilmin seeks share in RIL gas levy Petronet to set up third LNG terminal at Gangavaram Port in Vizag HPCL encashes KFA bank guarantee for oil dues BPCL imposes over Rs 87 lakh fine on gas agency RIL plan to raise D6 output approved: report Iraq seeks tenders for oil field development and refinery construction Iran says may stop oil sales if sanctions tighten Israel natural gas wealth fund gets initial nod US may soon become world's top oil producer Azeri oil fund puts 3 bln roubles in Russia's Gazprombank Asia Fuel Oil-Shell selling pressures prompt spread See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   LPG cylinders to have a single price point New Delhi: To end any abuse of the different prices for liquefied petroleum gas (LPG) cylinders, the Union government is working on establishing ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040536   Iran's current oil production 4 mn bpd: Rostam Qasemi DUBAI: Iran is still producing 4 million barrels per day (bpd), its oil minister Rostam Qasemi said on Tuesday, rejecting reports that the countr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040544   NYMEX crude falls on large US crude build, settling down 94 cents to $85.73/b New York, NYMEX December crude futures settled 94 cents lower at $85.73/barrel Wednesday, dipping on a larger-than-expected rise in US crude stoc... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040552   Brent rises towards $109 after China data, but gains capped SINGAPORE, Brent crude futures climbed towards $109 a barrel on Wednesday, snapping a six-day losing streak after economic data from China sugges... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040553   DGH wants RIL to share marketing margin for approving spending New Delhi: Oil regulator DGH has refused to approve Reliance Industries' spending on the flagging KG-D6 block unless the Mukesh Ambani-run firm s... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040535   Chennai Petroleum's insurance cover cut on Iran stake: Sources NEW DELHI: Chennai Petroleum will stop processing Iranian crude after it lost insurance for those supplies, and its cover for crude imports from ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040537   CAG to do 2nd audit of Reliance Industries Ltd's KG field NEW DELHI: Decks have been cleared for the federal auditor's scrutiny of accounts for the Andhra offshore gas field being operated by Reliance In... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040538   Oilmin seeks share in RIL gas levy NEW DELHI: The government appears to be further tightening the screws on Reliance Industries (RIL). In a latest salvo, the oil ministry's technic... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040539   Petronet to set up third LNG terminal at Gangavaram Port in Vizag VISAKHAPATNAM: Petronet LNG will set up a third LNG terminal, having initial capacity of five million tonne per annum, with an investment of Rs 4... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040540   HPCL encashes KFA bank guarantee for oil dues Kingfisher Airlines' tryst with bad news continues. Hindustan Petroleum Corporation Ltd (HPCL), to which Kingfisher Airlines owed crores in jet f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040541   BPCL imposes over Rs 87 lakh fine on gas agency Raipur, Bharat Petroleum Corporation Limited (BPCL) has imposed a fine of over Rs 87 lakh on a gas agency in the district for alleged irregularit... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040542   RIL plan to raise D6 output approved: report New Delhi: After months of an intense stand-off, the oil ministry has given the nod to Reliance Industries Ltd's plan to raise natural gas output... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040543   Iraq seeks tenders for oil field development and refinery construction The Iraq Oil Ministry has announced the launch of the Nasiriya Integrated Project, and is seeking companies to develop its Nasiriya oil field and... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040545   Iran says may stop oil sales if sanctions tighten DUBAI, Iran said on Tuesday it would stop oil exports if pressure from Western sanctions got any tighter and it had a "Plan B" contingency strate... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040546   Israel natural gas wealth fund gets initial nod TEL AVIV, A proposal by Israel's Finance Ministry to create a sovereign wealth fund similar to Norway's to safeguard billions of dollars in windf... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040547   US may soon become world's top oil producer NEW YORK: US oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. Driven by hig... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040548   Azeri oil fund puts 3 bln roubles in Russia's Gazprombank BAKU, Azerbaijan's $33 billion oil fund has bought 3 billion Russian roubles ($100 million) and deposited it in Russia's Gazprombank to help dive... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040550   Asia Fuel Oil-Shell selling pressures prompt spread SINGAPORE, Asia's fuel oil prompt inter-month swaps spread flipped into negative territory on Wednesday, coming under pressure from oil major She... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000040551   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here