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Wednesday, October 3, 2012

Petro Daily Newsletter

 
Headline ScanThursday -- October 04, 2012
LPG prices to be revised every month
BPCL focus on offshore fields
Brent slips below $111 as growth concerns persist
RIL signs areement with Venezuela for heavy oil project
Switch to CNG, Piped Gas Makes More Sense, Post Fuel Price Hike
Expired' LPG cylinders fuel risk factor in Bhubaneswar
BPCL to announce Q2 results on Nov 09, 2012
GSPC buys 65.12% stake in Gujarat Gas for Rs 2,464 cr
OIL-IOC to take stake in Carrizo's shale gas asset
IOCL confident to start Paradip refinery by Oct-Dec 2013
Haldia petrochem hub set to be scrapped
Brazil oil, natgas output slips for 2nd mth
UK gas rises as low imports, LNG flow tighten supply
US crude oil supplies shrank by 500,000 barrels
Oil drops 4 pct on signs of slower growth in China
Europe Oil Products-Gasoil backwardation widens
U.S. natgas futures drop 3 pct after six straight gains
See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.
 
LPG prices to be revised every month
Mumbai: Oil companies on Wednesday said they would revise the retail selling price of non-subsidized LPG cylinders every month based on global ra...
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BPCL focus on offshore fields
Bharat Petroleum Corporation Limited, one of the few Indian companies named in Fortune Global 500 list, appears to be competing with private sect...
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Brent slips below $111 as growth concerns persist
SINGAPORE, Brent crude futures slipped below $111 per barrel on Wednesday, hurt by persistent concerns over global growth and oil demand, while E...
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RIL signs areement with Venezuela for heavy oil project
NEW DELHI: Reliance Industries today said it has signed an agreement with Venezuela for a project to produce heavy oil in the South American OPEC...
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Switch to CNG, Piped Gas Makes More Sense, Post Fuel Price Hike
NEW DELHI | AHMEDABAD, Switching to compressed natural gas-driven vehicles and replacing liquefied petroleum gas at home with piped natural gas m...
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Expired' LPG cylinders fuel risk factor in Bhubaneswar
BHUBANESWAR: Several cooking gas cylinders in circulation across Cuttack-Bhubaneswar are well beyond their shelf life, posing serious questions a...
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BPCL to announce Q2 results on Nov 09, 2012
A meeting of the Board of Directors of Bharat Petroleum Corporation Ltd will be held on November 09, 2012, to take on record the Unaudited Financ...
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GSPC buys 65.12% stake in Gujarat Gas for Rs 2,464 cr
AHMEDABAD, Gujarat State Petroleum Corp (GSPC) along with its affiliates (GSPC Group) today signed a definitive agreement to acquire 65.12 per ce...
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OIL-IOC to take stake in Carrizo's shale gas asset
NEW DELHI, The Oil India Ltd-Indian Oil Corporation partnership is expected to acquire participating interest in Houston-based Carrizo Oil & ...
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IOCL confident to start Paradip refinery by Oct-Dec 2013
Indian Oil Corporation Ltd (IOCL) will commission its Paradip refinery in the third quarter of 2013-14, asserted its project head after a review ...
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Haldia petrochem hub set to be scrapped
New Delhi, West Bengal's ambitious plan to turn its port town of Haldia into a Petroleum, Chemicals and Petrochemical Investment Region (PCPIR) i...
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Brazil oil, natgas output slips for 2nd mth
RIO DE JANEIRO, Brazil's oil and natural gas output fell for the second straight month in August, pushing crude output to a 22-month low, after s...
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UK gas rises as low imports, LNG flow tighten supply
LONDON, British prompt gas prices rose to a one-week high on Wednesday as a drop in flows from liquefied natural gas (LNG) terminals and low impo...
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US crude oil supplies shrank by 500,000 barrels
NEW YORK, The nation's crude oil supplies declined last week, the government said Wednesday. Crude supplies dropped by 500,000 barrels, or 0.1 pe...
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Oil drops 4 pct on signs of slower growth in China
Oil fell the most in five months on Wednesday as China's slowing economy raised questions about the strength of global oil demand. Benchmark oil ...
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Europe Oil Products-Gasoil backwardation widens
LONDON, The backwardation at the front of the ICE gasoil futures curve widened out to more than $8 a tonne on Wednesday as the prompt market rema...
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U.S. natgas futures drop 3 pct after six straight gains
NEW YORK, U.S. natural gas futures slid more than 3 percent early Wednesday amid profit-taking after gaining more than 24 percent over six straig...
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