Petro Daily Newsletter

Headline Scan Tuesday -- September 24, 2013 Under-recoveries continue to mount for oil companies 62% petrol used by two-wheelers, 27% by cars, survey shows U.S. gasoline prices continue to drop Canada crude - Heavy grades slip on refinery outages Mexico slaps force majeure on hurricane-hit LNG terminal -source China to raise prices for cleaner fuel to boost production Romania's Petrom eyes 1 billion euro investment next year, shale gas Malaysia launches $100 mln clean energy fund Japan to publish benchmark prices for LNG-Nikkei Nigeria oil output rises to 2.4 mil b/d, shuts-in 400,000 b/d: NNPC Iran's role in North Sea gas field reviewed Oil Ministry's campaign: Drive into a petrol pump, get fuel-saving tips for free Crude oil imports up 9.5% to 3.47 lakh crore in April-August No sharp hike in diesel prices, petrol prices may fall by month-end India looks to cut oil bill by $25 billion by importing more from Iran Cairn eyes Barmer refinery stake CAG seeks Oil Ministry's response on transnational gas pipelines Aadhaar's purpose in doubt as SC says it's not mandatory See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Under-recoveries continue to mount for oil companies With last week's monetary policy statement reigniting concerns about inflation, the recent drop in crude oil prices comes as a slight relief. The... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045283   62% petrol used by two-wheelers, 27% by cars, survey shows NEW DELHI: The government touted petrol as rich man's fuel to stop subsidy. But a latest survey shows 62% of the fuel flowing into the market is ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045285   U.S. gasoline prices continue to drop WASHINGTON, Motor group AAA reports Monday the national price for a gallon of regular unleaded gasoline was $3.47, the lowest since February The ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045298   Canada crude - Heavy grades slip on refinery outages Canadian heavy crude prices weakened in thin trade on Monday after unplanned outages at two refineries reduced demand. Western Canada Select heav... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045299   Mexico slaps force majeure on hurricane-hit LNG terminal -source Mexican state power utility CFE has declared force majeure on imports into the Manzanillo liquefied natural gas (LNG) terminal after Hurricane Ma... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045297   China to raise prices for cleaner fuel to boost production SHANGHAI - China will raise prices for higher quality fuels starting from year-end, the National Development and Reform Commission (NDRC) said on... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045296   Romania's Petrom eyes 1 billion euro investment next year, shale gas BUCHAREST - Romania's top oil and gas company Petrom plans to earmark about 1 billion euros ($1.35 billion) for investment next year and could mo... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045295   Malaysia launches $100 mln clean energy fund Malaysia and Japan-based Asian Energy Investments Pte Ltd. have launched a $100 million venture capital fund to invest in clean energy projects i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045294   Japan to publish benchmark prices for LNG-Nikkei Japan's Ministry of Economy, Trade and Industry (METI) will start publishing benchmark prices of short-term contracts for liquefied natural gas i... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045293   Nigeria oil output rises to 2.4 mil b/d, shuts-in 400,000 b/d: NNPC Lagos, State-owned Nigerian National Petroleum Corporation's oil production has risen to 2.4 million b/d, but the OPEC member country has 400,000... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045292   Iran's role in North Sea gas field reviewed LONDON, The British government said it was examining the prospects for development of a North Sea gas field controlled in part by an Iranian oil ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045291   Oil Ministry's campaign: Drive into a petrol pump, get fuel-saving tips for free NEW DELHI: Be prepared to get a mandatory lesson on how to reduce your petrol and diesel costs next time you drive in to a fuel station. Plus the... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045290   Crude oil imports up 9.5% to 3.47 lakh crore in April-August NEW DELHI: India's crude oil import bill has jumped 9.5 per cent to Rs 3,47,432 crore in the first five months of the current fiscal on account o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045289   No sharp hike in diesel prices, petrol prices may fall by month-end NEW DELHI: The government has developed cold feet about the proposal to increase diesel prices sharply and raise them every week as top Congress ... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045288   India looks to cut oil bill by $25 billion by importing more from Iran India's oil ministry wants to raise imports of Iranian crude, even though US sanctions call for a cut, and has argued its case in a memorandum ah... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045287   Cairn eyes Barmer refinery stake Pachpadra, (Barmer), Cairn India may consider picking up a stake in the 9-million-tonne oil refinery-cum-petrochemical complex in Barmer to be se... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045286   CAG seeks Oil Ministry's response on transnational gas pipelines NEW DELHI: Government auditor CAG has sought Oil Ministry's comments on inadequate progress made in transnational gas pipeline projects including... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045284   Aadhaar's purpose in doubt as SC says it's not mandatory New Delhi: The Supreme Court on Monday dealt a crippling blow to the UPA's showpiece Aadhaar scheme by ruling that it can be issued to only those... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045282   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here