India’s state-run refiner Hindustan Petroleum Corp (HPCL) has issued its regular monthly tender to import sweet crude oil for June loading, trader sources said on Thursday. For full story, click here
Continue reading "India’s HPCL seeks June sweet crude"
Tuesday, March 31, 2009
State-run Hindustan Petroleum Corporation Ltd and Mangalore Refineries, a subsidiary of government-owned ONGC have been nominated by the petroleum ministry for purchase of the early production of crude oil by Cairn India, a subsidiary of UK based explorer Cairn Energy Plc. For full story, click here
Continue reading "HPCL and MRPL nominated for Cairn’s initial production"
Monday, February 9, 2009
The United States government statement that U.S. employers had slashed over a half million jobs in January, the highest yet in 35 years, lead to crude oil prices dropping just below $41 a barrel, way below the high of $147 a barrel last summer. There is a link between layoffs and the demand on oil, say analysts, as those laid off see no need for the daily commute, and buy less of petroleum products like toys and raincoats.
Continue reading "Oil Price Drops on Job Losses"
Wednesday, November 26, 2008
State-run Bharat Petroleum said it has entered into an agreement with Airwings Services, part of MoneyGram International, to offer international money transfer service in select retail outlets. For full story, click here
Continue reading "Bharat Petroleum outlets to offer money transfer services"
Monday, November 24, 2008
The Rs. 18,900 crore Guru Gobind Singh Refineries Ltd, being commissioned at Bathinda by a HPCL-Mittal Energy Ltd JV, is expected to be operational by February, 2011 instead of 2012. For full story, click here
Continue reading "HPCL-Mittal Energy promoted refinery at Bathinda to start by 2011"
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Thursday, April 16, 2009