India’s crude production will surge by a quarter in phases commenced next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or [...]
India’s Bharat Petroleum Corp. declared that it has issued a tender to import up to 2 million barrels of sweet crude for loading in October. For full story, click here
India’s Mangalore Refinery and Petrochemicals Ltd will import 50 percent more crude from Abu Dhabi National Oil Co. in the fiscal year ending March. For full story, click here
India’s crude output will surge by a quarter in phases commencing next month when Scottish explorer Cairn Plc’s Indian arm, listed on the Bombay Stock Exchange, begins pumping from the Mangla field of its Rajasthan acreage. At an optimum production level, the acreage is estimated to reduce India’s oil import bill by $6.8 billion, or [...]
Malaysian crude palm oil futures bounced off 3-month lows on Monday as India left import duties unchanged for vegetable oils, although sharply lower crude oil dented investor sentiment. For full story, click here
State-run Hindustan Petroleum Corp. declared that it has issued its regular monthly tender to import sweet crude oil for August loading. For full story, click here
China’s main ports announced that it has received 15.3 million tonnes or 3.72 million barrels per day of imported crude oil in April, 9 percent over a year earlier. For full story, click here
India’s crude oil import bill rose 12.6 per cent to $76.6 billion in 2008-09 as the international oil prices climbed to an all time-high during the first half of the fiscal. For full story, click here
After falling from $147 to $35 per barrel towards the end of last year, crude oil has once again gained and touched $45 per barrel on speculation that China's stimulus plan may spur demand for the commodity near term. However, some experts are of the view that this is not just speculation but real purchases driving the prices up.
Vietnam will cut imports of petroleum products by about 3 million metric tons next year as it seeks to curb the widening trade deficit. For full story, click here
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