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 [...]
Continue reading "Crude Output surged 25% as Cairn Set to Pump Oil"
Tuesday, August 4, 2009
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
Continue reading "Asia-India BPCL has sought Sweet Crude for Oct"
Saturday, August 1, 2009
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
Continue reading "India’s MRPL surged 9/10 term Oil Imports from ADNOC"
Thursday, July 30, 2009
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 [...]
Continue reading "Crude Output surged 25% as Cairn has set to pump Oil"
Monday, July 6, 2009
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
Continue reading "VegOils- Palm Off Lows as India Tax Unchanged"
Tuesday, June 9, 2009
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
Continue reading "India’s Hindustan Petroleum has sought August sweet"
Wednesday, May 6, 2009
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
Continue reading "China ports have received 9% more foreign crude in April"
Friday, May 1, 2009
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
Continue reading "India’s Crude Oil Imports rose 12.6%"
Monday, March 9, 2009
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.
Continue reading "The relation between gold price and oil price"
Thursday, November 20, 2008
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
Continue reading "Vietnam to reduce petroleum imports to curb trade deficit"
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Friday, August 7, 2009