Petro Daily Newsletter

Headline Scan Tuesday -- October 15, 2013 Drive against cooking gas misuse helps government save $1 billion in imports India needs $2.3 trillion investment in energy sector by 2035: ADB Oman to the rescue, asks India to route Iran oil payments through Muscat Rupee weakens on private oil demand; high inflation hurts Fuel for thought FACT fuel changeover from naphtha to RLNG successful Wednesday 'drive' saves Rs 2-cr worth oil: Moily Oil price: Indian Basket up marginally RAJASTHAN : JDA refuses land at prime location to HPCL China can learn from US in shale gas exploration Iran plans to court major oil companies if sanctions are lifted Asia's Nov fuel oil arbitrage flow from West to slip - trade U.S. to Asia gas price gap to vanish over long term -Exxon Russian refiners may face margin hit from tax changes CEO: Lukoil looking to expand Asian business EU unveils funding list for gas, power projects Iraq fully reopens Basra crude export terminal: shipping sources Brent eases towards $111 on China economy, US budget crisis See Full Stories at: http://www.bharatpetroleum.inor, scroll down to read story highlights.   Drive against cooking gas misuse helps government save $1 billion in imports NEW DELHI: The government's clampdown on diversion of subsidised cooking gas for commercial use has reduced demand by 1.5 per cent and prompted o... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045580   India needs $2.3 trillion investment in energy sector by 2035: ADB SINGAPORE: India's energy sector will need $ 2.3 trillion in investments by 2035, accounting for bulk of the energy share in South Asia, accordin... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045581   Oman to the rescue, asks India to route Iran oil payments through Muscat New Delhi, In a confidential agreement that hopes to get around some of the crippling effects of sanctions, Iran has authorised Oman to collect c... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045582   Rupee weakens on private oil demand; high inflation hurts MUMBAI: The rupee weakened on Monday, snapping two days of gains after data showed higher-than-expected inflation for September and robust dollar... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045583   Fuel for thought Less loved, but hard to ignore behemoths: Investors often view ONGC & Coal India (CIL), India's energy SOEs (state-owned enterprises), thro-u... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045584   FACT fuel changeover from naphtha to RLNG successful KOCHI, The public sector FACT has made a successful changeover of feedstock from naphtha to natural gas at its ammonia plant. The changeover bega... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045585   Wednesday 'drive' saves Rs 2-cr worth oil: Moily MANGALORE, Last Wednesday's initiative by Oil Ministry to save fuel has helped conserve petroleum products worth Rs 2 crore, according to Union P... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045586   Oil price: Indian Basket up marginally New Delhi, The international crude oil price of Indian Basket as computed/published on Monday by Petroleum Planning and Analysis Cell (PPAC) unde... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045587   RAJASTHAN : JDA refuses land at prime location to HPCL JAIPUR: The Jaipur Development Authority (JDA) refuses to allot its prime land near Bais Godaam on reserve price to HPCL to establish Barmer refi... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045588   China can learn from US in shale gas exploration WASHINGTON -- The surging shale energy output in recent years has been centering in North America, but it can also happen in other places like Ch... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045589   Iran plans to court major oil companies if sanctions are lifted TEHRAN, International companies will be invited to participate in oil projects in Iran if Western economic sanctions on its energy sector are lif... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045590   Asia's Nov fuel oil arbitrage flow from West to slip - trade SINGAPORE - Asia's fuel oil imports from the West may fall in November versus this month as refineries in Europe and other exporting markets have... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045591   U.S. to Asia gas price gap to vanish over long term -Exxon DAEGU, South Korea - The cost of delivering U.S. gas to Asia will eventually rise as U.S. production costs increase, erasing North America's pric... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045592   Russian refiners may face margin hit from tax changes The burden of higher Russian oil taxes over the next three years will be split between the ultimate consumers and the refining sector, possibly l... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045593   CEO: Lukoil looking to expand Asian business BEIJING: The chief executive of Lukoil says the Russian oil giant is looking for Chinese partners as it tries to expand its business in East Asia... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045594   EU unveils funding list for gas, power projects BRUSSELS/LONDON: The European Commission unveiled on Monday a list of 250 power and gas projects eligible to share 5.85 billion euros ($7.93 bill... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045595   Iraq fully reopens Basra crude export terminal: shipping sources Amman, Iraq has reopened all four of the crude loading berths at the al-Basra Oil Terminal in the Persian Gulf, boosting the country's overall cr... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045596   Brent eases towards $111 on China economy, US budget crisis SINGAPORE: Brent futures edged lower towards $111 per barrel on Monday after an unexpected decline in China's exports, while a looming deadline f... See the Full Story: http://www.bharatpetroleum.in/YourCorner/PetroDailyDetails.aspx?Pnewsid=P000045597   ------------------------------------------------------------------------------------------------------------------------------------------------------------------  || Top ||  ---- To unsubscribe please click here